Scaramucci: Bitcoin Market Cap Might Reach $21 Trillion

utoday04-19 19:13

SkyBridge Capital founder Anthony Scaramucci has predicted that the flagship cryptocurrency could eventually reach a staggering market capitalization of $21 trillion.Scaramucci has laid out his thesis...

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He took note of the network's core strengths, including decentralization. Scaramucci pointed to recent moves by Wall Street titans, including Morgan Stanley's official entry into the space. Bitcoin is rapidly transitioning from a speculative asset to a standard allocation in \"model portfolios for individuals and institutions worldwide.\"The math behind the target By design, the network's software dictates that there will only ever be 21 million Bitcoins created.If Bitcoin achieves a valuation of $1 million per coin, its total market capitalization would naturally hit $21 trillion. Even at a $21 trillion valuation, Bitcoin's market cap would still sit below the total estimated value of all the gold in the world. However, Scaramucci argues that Bitcoin holds distinct operational advantages over the precious metal, noting that the digital asset is significantly \"faster to move and easier to store.\"","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.42.0","shortVersion":"4.42.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2628748477","isCrawlerRequest":true}