Bitcoin won’t hedge inflation until it hits 1B wallets: Scaramucci

[Google News Bot]

Skybridge Capital CEO Anthony Scaramucci believes that while Bitcoin continues to be an attractive asset, it has not reached the “wallet bandwidth” that is required for it to be considered an inflation hedge. Speaking on CNBC’s Squawk Box on Aug 22. the global investment management CEO said Bitcoin was still too much of “an early adopting technical asset” which would need to be held in around a billion wallets before it would begin to act as a hedge against inflation. “Until you get into the billion, billion-plus zone, I don’t think you’re going to see Bitcoin as an infl ...

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