SkyBridge Capital founder Anthony Scaramucci maintains his long-term bullish stance on Bitcoin (CRYPTO: BTC), saying that he believes artificial intelligence is likely in bubble territory.
Scaramucci’s 30% BTC Allocation
In an interview with Phil Rose on Thursday, Scaramucci attributed Bitcoin’s recent correction largely to its historical four-year cycle and mining economics rather than weakening fundamentals.
"If you believe Bitcoin is the operating layer for the future of money and a digital store of value, you stay invested," he advised.
Scaramucci stated that he would allocate roughly 30% of a new portfolio to Bitcoin, alongside AI investments, U.S. equities, real estate and gold.
