Michael Saylor criticizes SkyBridge Capital founder's strategy of allocating 2% of Bitcoin in portfolio as too conservative

Odaily Planet Daily Report: Anthony Scaramucci, the founder of , shared his cautious view on the volatility of coin's recent price surge. In an interview, Scaramucci emphasized the importance of long-term investment perspective and institutional adoption of coin, and detailed the risks and opportunities in the current cryptocurrency market environment. He stated: "I always tell people that coin is an asset, and if you're going to buy coin, you have to hold it for four years." Scaramucci discussed coin's significant pullback from its recent high of around $103,900. Based on historical experience, he warned that coin's most severe decline has been 82%. He also recalled the difficult period in December 2022, when the price bottomed out around $16,000-$17,000. He pointed out that historically, despite volatility, coin has generated positive returns in any consecutive four-year period. Scaramucci believes that the recent price milestones indicate that coin has gradually matured and become a mainstream institutional investment asset. He stated that this development should have occurred earlier, but was delayed due to regulatory hurdles from U.S. SEC Chairman Gary Gensler. He compared coin to gold, suggesting that if coin's market capitalization reaches the level of gold, its price could potentially increase tenfold. In discussing his new book "The Little Book of coin", Scaramucci revealed an interesting divergence with MicroStrategy founder Michael Saylor regarding the appropriate portfolio allocation. Saylor criticized Scaramucci's suggested 2% allocation as too conservative. Looking ahead, Scaramucci maintains that while large price adjustments are still possible, the institutional framework now supporting coin has created a more stable investment environment compared to previous cycles.