The founder’s remark highlights the current state of Bitcoin in the financial landscape, where institutional investors, wealth managers, and sovereign funds are adopting the asset to address inflation, currency debasement, and geopolitical instability. While addressing how BTC could fully claim the digital gold status, Scaramucci stated that wallet expansion is the main factor that would solidify this notion.
If considered an investment, the founder has called a $1 trillion to $3 trillion value an ideal market cap for BTC. However, when classified as an asset class, its market cap could soar to that of Gold, which is currently valued at around $23 trillion.
