Anthony Scaramucci’s Bitcoin Investment Advice for Individual Portfolios

by Ouess

Anthony Scaramucci, a crypto advocate, shared on Bloomberg TV that individual investors can benefit from Bitcoin’s rise without heavily allocating their portfolio. He suggested a 1%-3% exposure, allowing for moderate gains, while more aggressive investors might consider up to 5%.

Describing Bitcoin as a digital store of value akin to “digital gold,” Scaramucci predicted its market capitalization could eventually hit $12 trillion. He emphasized the importance of small allocations for individual investors to navigate the potential growth ahead.

SkyBridge Capital initially began with a 5% exposure to Bitcoin, which has grown as the cryptocurrency surged. Bitcoin has seen a 145% jump since the start of 2023, notably boosted by events like potential ETF approval and the upcoming 2024 halving.

Anticipating spot Bitcoin ETF approval to drive market demand, Scaramucci suggested a potential rise to $150,000 by 2025. He highlighted supply-side factors, especially the scheduled April halving, as potential drivers of Bitcoin’s upside.

Despite recent slides, Scaramucci emphasized Bitcoin’s long-term investment potential, recommending it as a portfolio diversifier, citing its historically distinct performance from traditional assets. He suggested that Bitcoin’s positive impact and lower correlation risk could benefit portfolios over time.

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