Anthony Scaramucci, the founder and managing partner of Skybridge Capital, discussed the institutional adoption of Bitcoin in an interview with CNBC. He emphasized that large institutions are continuously accelerating their integration of BTC. Furthermore, Scaramucci stated that if you are not long on Bitcoin, then you are short on Bitcoin because if you believe it will become a part of the long-term tactical asset allocation strategy for institutional investors, at some point, you have to be long on Bitcoin. Therefore, many smart institutions are saying, “Let me be long on it before it becomes a part of the overall tactical asset allocation index.” I think that situation is starting to happen now, which is very favorable for Bitcoin.
