JAKARTA - The Bitcoin investment strategy offered by Anthony Scaramucci, founder of Skybridge Capital, is unique. He gave unusual advice to Bitcoin investors: act as if they had died.
At the Bitcoin Investor Day conference, Scaramucci suggested that investors keep their Bitcoins and avoid impulsive actions despite significant market volatility.
"Our client appreciates the existence of Bitcoin in their portfolio, but they are disturbed by drastic price fluctuations," Scaramucci said. The biggest challenge is to stay silent and not react.
Scaramucci stressed the importance of patience and calm in investing, saying, "People who die at Charles Schwab have better performance than those who live because they are not tempted to constantly change their investments."
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In an interview with Yahoo Finance Live, Scaramucci revealed that the current huge demand for Bitcoin was driven by an ETF Bitcoin spot. Initially, retail demand for Bitcoin was very high. Now, institutions are starting to dominate because they can invest through an ETF that has been approved by the SEC," he explained, adding that the upcoming Halfing Bitcoin also has the potential to increase demand.
According to Scaramucci, this high level of demand should have pushed the price of Bitcoin up significantly. Although Bitcoin has hit a record high recently, he still believes that Bitcoin is a decent investment. "It's still very early to get into Bitcoin," he said, comparing Bitcoin with the legendary Berkshire Hathaway.
Scaramucci is optimistic about the future of Bitcoin, predicting an increase in the flow of funds to the Bitcoin spot ETF from Wall Street. The flow to Bitcoin will increase," he wrote, adding that he anticipates garming rally' for Bitcoin. With the view that Bitcoin is a trillions dollar asset class, Scaramucci is very bullish on Bitcoin for the next 10 to 20 years.
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