NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

When Will Bitcoin Become An Inflation Hedge? Scaramucci Explains

Kent Tenix
Kent Tenix
2 years ago
3 mins read
Bitcoin

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Many investors picked interest in Bitcoin, believing it could be a hedge against inflation. According to an analyst at D.A Davidson, Chris Brendler, BTC could become a hedge because it is decentralized and not a product of a central bank. These opinions and expectations led many people to accumulate large quantities of BTC coins. 

But the recent price fluctuations and speculations in the market are seemingly overpowering BTC’s underlying value. Now that inflation is causing havoc in economies, many investors are disappointed that Bitcoin couldn’t serve as a hedge as expected. 

Related Reading: Bitcoin Cash BCH Sparks Light Of Hope, Can It Rally To $200 Resistance?

But a top Bitcoin supporter, Anthony Scarramucci, the founder of SkyBridge Capital, believes that BTC hasn’t reached the stage of hedging against inflation. According to the investment company founder, Bitcoin will get that status when BTC wallets hit 1 billion. 

But to reach that level, Bitcoin must be adopted worldwide. Scaramucci believes that if giant institutions such as BlackRock introduce products related to BTC, people will know that institutional demand for crypto is growing. As such, BTC will achieve mass adoption. 

Using Bitcoin as a Hedge now is not appropriate

Many investors seem disappointed that Bitcoin became even more volatile during this economic turmoil. But during an interview, Scaramucci advises against investing in BTC to preserve wealth now. According to him, BTC is not yet matured for that unless the wallets reach 1 billion worldwide. 

During his interview, Scaramucci disclosed that he started his BTC investment journey when the wallets were 80 million; currently, the number has grown to 300 million. He also stated that Bitcoin is still growing, requiring time to fix the volatility issue and become a worthwhile investment option. 

Recall that on June 14, Scaramucci mentioned that the crypto winter is like the DotCom bubble of the 2000s. In his statements then, Scaramucci pointed out that the incident made companies such as eBay and Amazon the market leaders in their field after surviving the bubble burst.

Therefore, the one-time White House Director of Communications believes that the ongoing bear market trend will do the same for BTC after flushing out the meaningless projects.  

BTCUSD_
Bitcoin’s price is hovering above $21,000. | Source: BTCUSD price chart from TradingView.com

Coinbase CEO Pointed To Increase in Market Cap

In June, Brian Armstrong pointed out that BTC is not yet ready to serve as a hedge against inflation. According to the CEO, the total BTC market cap should increase 5 to 10 times its value before qualifying.

Related Reading: Ethereum Price Lost 20% Weekly, What’s The Key Support Now?

Data shows that the Bitcoin market cap then was $1.1 trillion, but now the figure stands at $408,700,229,851.23. Comparing Bitcoin to Gold, currently serving as a hedge against inflation, the former still has a long way to go. The gold market cap stands at $11.557 trillion, and BTC is below that level by far. 

Featured image from Pixabay and chart from TradingView.com
Tweet123Share196ShareSend
Kent Tenix
Kent Tenix

Kent Tenix

Kent is a talented freelance writer and journalist who creates insightful and thought-provoking content. With over 5 years of experience, she has honed her skills and established herself as an expert in her field. Kent is especially passionate about in-depth reporting and investigative journalism. She thoroughly researches every topic and story she covers to provide readers with comprehensive information and perceptive analysis. Whether she's reporting on crypto, business, technology, or finance, Kent prioritizes accuracy, nuance, and integrity. Her goal with every piece is to inform readers and inspire meaningful conversations and positive change. Kent enjoys traveling, photography, and spending time with her family when she's not tirelessly conducting interviews or poring over data. She hopes to continue using her writing to enlighten and engage audiences on issues that matter.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

솔라나, 월가 자금 유입에 밈코인 강세… SNORTER 등 신생 코인 급등세

솔라나, 월가 자금 유입에 밈코인 강세… SNORTER 등 신생 코인 급등세

솔라나는 지금 디지털 제국을 다시 건설하려 하고 있다. 그 중심에는 뉴욕 맨해튼 로어 지역에 위치한 오피스 빌딩이 있다. 디지털 자산에 집중하는 프로젝트가 오프라인 사무실을 운영한...

Soyeon Lee 2 hours ago
Bitcoin price news

Bitcoin Cycle Top Is In—$270,000 Delayed Until 2026, Says Analyst

Bitcoin’s majestic 2024-25 ascent may have stalled at the very moment many traders expected an early-summer melt-up, according to crypto...

Jake Simmons 2 hours ago
Kuaishou’s Kling AI Tool Gears Up to Hit $100M in Sales; AI Coins Like SUBBD to Explode

Kuaishou’s Kling AI Tool Gears Up to Hit $100M in Sales; AI Coins Like SUBBD to Explode

Kuaishou’s AI video tool – Kling – is now a top-earning AI video generation tool. In April and May of...

Aaron Walker 3 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Bitcoin

Bitcoin Could Break The Dollar — $250K Prediction Still In Play, Billionaire Says

Christian Encila 19 minutes ago
cumpara criptomonede

Scăderi masive în piață? Află ce proiecte crypto sfidează trendul negativ

antonio 21 minutes ago
Ethereum

Bullish Signs For Ethereum: Metrics Pointing To Upcoming Breakout

Ronaldo Marquez 1 hour ago

Premium Sponsors

Top Brands

Press Releases

  • “Musk and Trump’s breakup is equally...

    2 hours ago
  • MEXC Officially Unveils Launchpad Platform: Acquire BTC at...

    6 hours ago
  • BTC Mining Simplified: Transform Your Phone into a Daily...

    15 hours ago
  • DOGE, XRP holders reveal secrets of making $27,570 in daily...

    23 hours ago
  • What to Invest in Right Now? Discover the Best Way to...

    23 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.