Skybridge Founder Insists It’s ‘Still Very Early’ to Buy BTC — Sees Bitcoin as the New Berkshire Hathaway
Skybridge Capital founder Anthony Scaramucci has insisted that it is “still very very early” to buy bitcoin. He likened the cryptocurrency to Warren Buffett’s company, calling it the “Berkshire Hathaway of the 21st century.” He opined: “It was never ‘too late’ to buy Berkshire stock. It is still very very early for bitcoin.”
‘Bitcoin Is the Berkshire Hathaway of the 21st Century’
Skybridge Capital founder Anthony Scaramucci has reiterated his bullish stance on bitcoin, insisting that it’s not too late to buy the crypto at the current price level.
“Bitcoin is the Berkshire Hathaway of the 21st century — a compounding, wealth-generating machine for investors,” he shared on X Saturday, emphasizing:
It was never ‘too late’ to buy Berkshire stock. It is still very very early for bitcoin.
Scaramucci has been urging investors to buy bitcoin since 2020 when Skybridge initiated a bitcoin position. “We believe bitcoin is in its early innings as an exciting new asset class,” he said at the time.
Maintaining his belief that bitcoin is still a good investment and it’s not too late to invest in BTC, he similarly said earlier this month: “With bitcoin back over $50K, average investor again wondering: ‘Did I miss buying opportunity?’ Answer is hard ‘no.’” The Skybridge founder further shared his expectation that a “face-ripping rally” is incoming.
After predicting a massive capital inflow from Wall Street into spot bitcoin exchange-traded funds (ETFs), Scaramucci wrote on X Sunday: “The flows to bitcoin are going to accelerate.” At the time of writing, BTC is trading at $68,293.
In January, the Skybridge Capital founder predicted that bitcoin could surpass $170,000 in 2025 if it is trading at $45,000 by the time of the next Bitcoin halving. However, BTC has risen substantially since he made that statement. Scaramucci sees bitcoin as a multi-trillion-dollar asset class. He said in September last year that the next 10 to 20 years are “remarkably bullish” for bitcoin.