Founder of Tianqiao Capital: Bitcoin is still in its early stages and is not yet a 'value storage' asset

BlockBeats News: On August 23rd, Anthony Scaramucci, founder and executive partner of SkyBridge Capital, was interviewed by CNBC's "Squawk Box" program and shared his views on Bitcoin and cryptocurrency. Scaramucci is optimistic about the future of Bitcoin, especially in the second half of 2024. He stated that the 'oversupply' seems to be coming to an end, interpreting it as a positive signal for the price trend of Bitcoin. However, he also discussed the common debate about comparing Bitcoin to gold. Although gold has risen by 30% in the past two years, the price of Bitcoin remains relatively stagnant. But Scaramucci reiterated his belief that Bitcoin is still in its early stages and is a technology, not a store of value. He stated that with the emergence of over 1 billion wallets, Bitcoin may eventually be seen as a means of storing value.