Scaramucci: Bitcoin Is a Volatile Asset, But 'Ready for Prime Time Institutional Investing'

In an unprecedented development, Bitcoin (CRYPTO: BTC) surged past the $100,000 mark last week, a first in its history. This milestone comes amidst a climate of regulatory speculation and the ripple effects of President-elect Donald Trump‘s victory.

What Happened: In a recent interview, Anthony Scaramucci, founder of Skybridge Capital, discussed the evolving landscape of cryptocurrency regulation and the future of Bitcoin.

Scaramucci, who has a substantial personal investment in Bitcoin, told Yahoo Finance, “I have a lot of my personal net worth in Bitcoin because I’m not looking at it and not tracking it day to day. But this milestone is important because I think it tells people that Bitcoin is probably ready now for prime time institutional investing.”

“There are 85 million people in this country that ...

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