Anthony Scaramucci likened investing in Bitcoin to the historic purchase of Manhattan Island in 1626, advocating that Bitcoin represents a new valuable asset class. He highlighted the inherent volatility of the crypto market, noting past price drops of over 70% followed by recoveries. Scaramucci emphasized that investors who cannot withstand such fluctuations may exit early, while those who remain could realize substantial profits. He also mentioned Solana as a notable alternative investment due to its speed and low fees.
Anthony Scaramucci compares investing in Bitcoin today to purchasing Manhattan Island in 1626, suggesting both ventures carry significant early adopter risks and potential for high rewards.
According to Scaramucci, volatility is a hallmark of Bitcoin as an emerging asset, with sharp price swings common, yet those who endure may reap substantial gains.
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