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Anthony Scaramucci says bitcoin will go up at an "exponential" rate and will eventually eclipse gold as an inflation hedge
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SkyBridge Capital's Anthony Scaramucci said in a recent interview that he believes bitcoin will eventually overtake gold, both in terms of the size of the overall market, in addition to bullion's role as an inflation hedge.
«The Mooch» pointed to the ease with which anyone can move and store bitcoin, relative to gold, which is costly to hold as inventory and to move physically from one place to another.
«It will eventually eclipse gold,» he told CNBC in an interview on Friday.
Scaramucci is one of a number of high profile crypto-friendly investors that believes bitcoin will outpace gold, along with the likes of MicroStrategy CEO Michael Saylor and Cathie Wood, the chief executive of disruptive technology investment
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