Michael Saylor criticizes Scaramucci's Bitcoin investment advice as too conservative
According to a report, Anthony Scaramucci, the founder of SkyBridge Capital, emphasized in an interview that Bitcoin needs to be held for a long term of four years, despite the recent drop from around $103,900. He pointed out that the largest historical drawdown of Bitcoin was 82%, but on average it can bring positive returns within four years. He also stated that Bitcoin is moving towards mainstream institutional investment, and predicts that if its market value approaches that of gold, its price may rise tenfold. Scaramucci and Michael Saylor, the founder of MicroStrategy, have different opinions on investment allocation. Scaramucci proposes to allocate 2% of Bitcoin, which Saylor criticizes as too conservative. Scaramucci believes that the existing institutional framework brings a more stable investment environment for Bitcoin, although there are still adjustment risks.
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