Skybridge Capital founder: Institutional investors increasing allocations may force people to go long on Bitcoin

ChainCatcher news, SkyBridge Capital founder and managing partner Anthony Scaramucci discussed institutional adoption of Bitcoin in an interview with CNBC, emphasizing that large institutions are accelerating their adoption of BTC.

Additionally, Scaramucci stated: "If you're not long on Bitcoin, then in a sense, you might be shorting Bitcoin. Because if you believe that Bitcoin will become part of institutional investors' long-term tactical asset allocation strategies, then at some point, you have to be long on Bitcoin. Therefore, many smart institutions are saying, 'Let me go long before it becomes part of the overall tactical asset allocation index.' I think that situation is starting to happen now, which is very favorable for Bitcoin."

He also emphasized: "I believe that early adoption of Bitcoin is worthwhile, and I think we are still in the early stages of Bitcoin."