empty
25.10.2021 07:22 PM
Anthony Scaramucci: Comprehensive understanding of bitcoin basics almost always leads to investing

This image is no longer relevant

In his last interview this week, Anthony Scaramucci stated that people who study and conduct a fundamental analysis of bitcoin increasingly want to have a stake in the cryptocurrency.

Scaramucci advised both novice investors and ordinary crypto enthusiasts, before investing their personal savings in Bitcoin, carefully familiarize themselves with the fundamental basics of digital gold, in particular, read the white paper by Satoshi Nakamoto.

In an interview with the American television channel CNBC, Scaramucci stated that a comprehensive understanding of the basics of bitcoin almost always leads to investment.

He vividly mentioned the famous and controversial investor Ray Dalio, who at first was a hardened critic and then became an investor in Bitcoin.

Also, Scaramucci did not forget to mention other investors and also billionaires, such as Stanley Druckenmiller and Paul Tudor Jones, who, after fundamental analysis of Bitcoin, invested their funds in digital gold.

Scaramucci is confident that if they had not conducted such a thorough analysis and studied all the information about digital gold, they would hardly have wanted to invest their fiat savings in Bitcoin.

Since 2009, Bitcoin has grown by over 100,000 percent. Last week, Bitcoin renewed its all-time highs and reached its peak. It traded at $67,000 and is currently priced at $63,200. And just a year ago, digital gold was trading at the turn of about $13,000

Bitcoin is undoubtedly in a good fundamental position now, and also the demand for it and such hype are catalysts for its growth.

Well-known investor Tim Draper is sure that the main reason that Bitcoin is still not massively adopted around the world is that it is difficult to work with it, especially for novice investors and the older generation.

Mark Cuban also supported Draper's opinion and said that Bitcoin should become easier for ordinary people so that both the old generation and the younger generation can use it.

Vitaly Kolesnikov,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

Trading Recommendations for the Cryptocurrency Market on June 12

Bitcoin and Ethereum experienced a notable pullback after another unsuccessful attempt to rally. Bitcoin could not retest its all-time high, and Ethereum could not surpass the $2900 mark. U.S. Treasury

Miroslaw Bawulski 09:10 2025-06-12 UTC+2

Solana spot ETF around corner

Right now, Solana is in the spotlight for traders. According to the latest reports, the US Securities and Exchange Commission (SEC) has requested that potential Solana ETF issuers submit amended

Jakub Novak 16:23 2025-06-11 UTC+2

The Crypto Winter Is Becoming a Thing of the Past

Bitcoin is showing strong growth and came within a step of reaching a new all-time high. However, it's important to understand that taking this final step will be quite challenging

Jakub Novak 10:18 2025-06-11 UTC+2

Trading Recommendations for the Cryptocurrency Market on June 11

Bitcoin is undergoing a correction following yesterday's rapid surge to the $110,500 area, while Ethereum remains vibrant—having gained over 6% yesterday and currently trading at $2,785. Given such a strong

Miroslaw Bawulski 09:01 2025-06-11 UTC+2

Bitcoin Resumes Growth — And There Are Reasons Behind It

Bitcoin has resumed its upward movement, pulling other cryptocurrency assets along with it. Today's rise during the Asian session clearly points to a breakout of several major technical resistance levels

Jakub Novak 10:12 2025-06-10 UTC+2

Trading Recommendations for the Cryptocurrency Market on June 10

Bitcoin has finally broken through the $107,000 level, and during today's Asian trading session, it surged rapidly to around $110,000, stopping just a step away from updating its all-time high

Miroslaw Bawulski 09:30 2025-06-10 UTC+2

Trading Recommendations for the Cryptocurrency Market on June 9

Bitcoin has reached its recently favored level of $106,500 again, even though Friday's U.S. labor market data did not support this rise. Ethereum also strengthened over the weekend, but today's

Miroslaw Bawulski 09:21 2025-06-09 UTC+2

Technical Analysis of Intraday Price Movement of Litecoin Cryptocurrency, Thursday June 05, 2025.

On the 4-hour chart of the Litecoin cryptocurrency, there is an appearance of a Descending Broadening Wedge pattern which indicates that there will be a strengthening in the near future

Arief Makmur 09:53 2025-06-05 UTC+2

Trading Recommendations for the Cryptocurrency Market on June 5

Bitcoin is struggling to reach $106,000 less frequently and is dropping toward $104,000 more often, which is a rather concerning short-term signal. Sooner or later, this pattern could lead

Miroslaw Bawulski 09:20 2025-06-05 UTC+2

Trading Recommendations for the Cryptocurrency Market on June 4

Bitcoin and Ethereum keep trying to break through key resistance levels but continue to face the same obstacle. On one hand, this suggests a cautious approach by major market players

Miroslaw Bawulski 09:19 2025-06-04 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.