Skybridge Capital Founder: Bitcoin is still an early technology in the process of adoption

In an interview with CNBC, Anthony Scaramucci, founder and managing partner of global investment firm Skybridge Capital, stated that Bitcoin (BTC) is not yet a reliable store of value but rather an early technology in the process of adoption. His criticism mainly focuses on the negative impact of the current regulatory framework in the crypto industry. Scaramucci revealed that only when Bitcoin's adoption rate expands to have over 1 billion active crypto wallets can it be considered a reliable store of value. Although he agrees that this pioneering cryptocurrency could potentially become a future store of value, it has not yet reached this status.