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Scaramucci Calls Bitcoin Crypto’s ‘Apex Predator,’ Defends Drop

  • Twitter’s Dorsey says Bitcoin changes everything for better
  • Largest cryptocurrency lost momentum after mid-April record
Bitcoin Mining at Russian CryptoUniverse Farm
Photographer: Andrey Rudakov/Bloomberg

Bitcoin is still the cryptocurrency to own even as it struggles in recent weeks while altcoins surge, said Anthony Scaramucci, founder of SkyBridge Capital.

It’s still nearly impossible to convince investors to own Bitcoin, Scaramucci said, but he advises people to hold at least a bit since it’s the only cryptocurrency that’s achieved “escape velocity.”