Anthony Scaramucci, a legend in the world of investments, has called Bitcoin, the “Berkshire Hathaway of the 21st century.”
Anthony Scaramucci, a legend in the world of investments, has called Bitcoin, the “Berkshire Hathaway of the 21st century.”
He described Bitcoin as a “wealth-generating machine” for investors, emphasizing that it is still very early days for Bitcoin, similar to the early days of Berkshire Hathaway.
Scaramucci’s comparison draws a bold parallel between Bitcoin’s current trajectory and Berkshire Hathaway’s historical performance.
Bitcoin surpasses Berkshire Hathaway in market capitalization
In a surprising comparison, Bitcoin’s market capitalization has significantly surpassed that of Berkshire Hathaway.
This demonstrates its growing dominance and investor interest.
As of now, Bitcoin has a market capitalization of approximately $1.215 trillion, putting it firmly ahead of Berkshire Hathaway’s valuation of $881.04 billion.
This jump in valuation not only underlines the rapid growth and adoption of Bitcoin, but also challenges traditional investment paradigms.
Despite the rise of Bitcoin, it is important to note that Warren Buffett, chairman and CEO of Berkshire Hathaway, has been a long-time critic of Bitcoin.
Scaramucci’s defense of Bitcoin
Scaramucci has been a strong supporter of Bitcoin, constantly promoting its potential as a transformative asset.
His commentary ranges from encouraging investments in Bitcoin, citing its long-term trajectory as “very clear,” to comparing its importance to Nvidia in the AI space.
Scaramucci’s optimism is further exemplified in his discussions of the potential of Bitcoin ETFs, his comparison of Bitcoin to gold as a store of value, and his speculative musings on traditional investors, such as Warren Buffett, finally recognizing Bitcoin’s value. .
As Guru-Investingreported, he also recently criticized the negative coverage of Bitcoin ETFs before the recent rally.
