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Those spot Bitcoin ETF approvals in January sparked institutional interest, really signaling a new era for Bitcoin as a mainstream investment asset. Anthony Scaramucci from SkyBridge Capital shared in a recent interview with CNBC that regulatory acceptance is key for large companies to start including Bitcoin in their portfolios. This is really turning around and probably revolutionary for the price and the credibility of the cryptocurrency in financial circles.
Though that change is now coming fast, led by the financial behemoths, skepticism existed at first due to the hedge against inflation and the use of Bitcoin as a future transactional currency. Scaramucci claims growing acceptance of the asset by firms that previously shied away, maintaining his normally positive demeanor since SkyBridge’s Bitcoin exposure in 2020.
The debate continues around what will become of Bitcoin, with people like Michael Saylor preaching its potential as a universal currency. Such a debate brings to the fore the growing belief that Bitcoin can be a tool that reshapes financial landscapes away from traditional central banking systems in favor of more decentralized solutions.
