PANews May 18 news, SkyBridge Capital founder Anthony Scaramucci said in an interview with CNBC that institutions have begun to fully adopt Bitcoin and will accelerate adoption in the coming quarters. He emphasized the increasing acceptance of Bitcoin by major financial institutions and pension funds. He pointed out that Wisconsin recently announced an investment in Bitcoin and hinted that other pension funds may follow suit. He attributed the growing institutional interest in Bitcoin to the removal of regulatory barriers. Scaramucci also talked about the broader impact of Bitcoin adoption. He described Bitcoin as "digital gold" rather than a universal currency, and emphasized Bitcoin's role in hedging against large-scale money printing and inflation. He encouraged investors to thoroughly study Bitcoin and said that a deep understanding of Bitcoin's history and fundamentals tends to increase confidence in its potential.
