According to SkyBridge Capital CEO and founder Anthony Scaramucci, investors who take a closer look at Bitcoin (BTC) are finally convinced that they own a stake in the cryptocurrency.

On Monday, in an interview with CNBC Capital Connection, Scaramucci, who also served as director of public affairs for President Donald Trump for 10 days, urged investors to “work with bitcoin” and “understand what it is.” He also invited investors to read a white paper written by Satoshi Nakamoto, the anonymous creator of Bitcoin.

Scaramucci sa:

“Everyone who does their homework ends up investing money in it. Take a look at Ray Dalio, the bitcoin skeptic who is now investing in bitcoin. ”
The CEO added that other internationally renowned investors such as Paul Tudor Jones and the American billionaire Stanley Druckenmiller also bought Bitcoin. “These are wonderful people who did their homework and came to the conclusion that they needed to own bitcoin,” he said.

Scaramucci notes that bitcoin has grown more than 100,000% since its inception in January 2009. “If you’ve had one cent in bitcoin and 99 cents in cash in the last decade, you’ve surpassed everything. Think about it, Scaramucci said.

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Scaramucci’s comments come as Bitcoin approaches new highs set last week, with BTC trading at $ 63,277 at the time of writing, according to CoinGecko. On Wednesday, bitcoin passed $ 67,000 for the first time in history. Just a year ago, the cryptocurrency traded at around $ 13,000.

A number of large investors around the world claim that Bitcoin is not particularly easy to use. According to Tim Draper, a major investor in the cryptocurrency industry, Bitcoin’s lack of usability is a major obstacle to the massive use of cryptocurrencies. The American billionaire entrepreneur Mark Cuban claimed last year that bitcoin must be simple enough for “a novelty to use it” before mass adoption takes place.

Source: CoinTelegraph