SkyBridge Capital Founder: The spot Bitcoin ETF has increased demand, exceeding the available supply of Bitcoin

In an exclusive interview with CNBC on Tuesday, SkyBridge Capital founder and managing partner Anthony Scaramucci was asked about Dimon's remarks. Scaramucci said that the CEO of JPMorgan Chase is one of the smartest people in financial services, even the smartest. He's smarter than me, so I always listen to him, but of course, we disagree on Bitcoin.

 

Scaramucci said he just wants him to do more homework because people like Paul Tudor Jones or Stan Druckenmiller or someone like Larry Fink who has really done their homework might have been negative about Bitcoin before doing their research. If you've really done your homework and fully understand this asset called Bitcoin then it becomes a one-way ticket to Bitcoin. Scaramucci added that the recently approved spot bitcoin ETF has driven up demand beyond available supply for bitcoin; demand is 12-14 times higher than daily production which has caused its price to skyrocket. Of course, there are indeed people who don't believe in Bitcoin and they short it so they're suffering losses now.