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Founder of SkyBridge Capital: Spot Bitcoin ETF drives demand beyond available supply of Bitcoin

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Founder of SkyBridge Capital: Spot Bitcoin ETF drives demand beyond available supply of Bitcoin

Anthony Scaramucci, founder and managing partner of SkyBridge Capital, was asked about Dimon’s remarks in a separate interview with CNBC on Tuesday.

Scaramucci said the JPMorgan Chase CEO is one of the smartest people in financial services, if not the smartest person. He’s smarter than me, so I always listen to him, although of course, he and I have our differences when it comes to Bitcoin. 

Scaramucci said, “I just want to ask him to do more homework, because people like Paul Tudor Jones or Stan Druckenmiller, or people like Larry Fink who have really done their homework, may be negative about Bitcoin before doing their homework. If you really do your homework and fully understand the asset, Bitcoin is a one-way ticket to Bitcoin.”

Scaramucci added that the recently approved spot Bitcoin ETF has driven up demand beyond the available supply of Bitcoin, with demand 12 to 14 times higher than Bitcoin’s daily production, causing its price to surge.

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