Learn more

On day 2 of the Bitcoin 2024 conference in Nashville Tenessee, Anthony Scaramucci shared his belief that Bitcoin will overtake the total market capitalization of gold. The SkyBridge Capital founder explained that Bitcoin (BTC) should not trade to a market cap similar to chipmaking giant Nvidia or Apple because Bitcoin is “an asset class” and not a company. “It’s got to trade to the market capitalization of gold. And I would argue that it’s better than gold. So it’ll probably trade to market capitalization above gold.” According to Scaramucci, the current market capitalization of gold rests bet…

cuu