Scaramucci Predicted Bitcoin Continued Growth Following Amazon Stock

Founder of hedge fund SkyBridge Capital is confident in the ability of the main cryptocurrency to repeat the success of the online retailer

Anthony, founder of SkyBridge Capital hedge fundScaramucci believes that Bitcoin could mimic the rally in shares of the online retailer Amazon in the long term. In his opinion, the first cryptocurrency will become a less volatile asset as it is adopted by the masses. If an investor bought Amazon shares in 2009 (12 years after the retailer entered the stock exchange), then today he has made 64 times the profit, added the head of SkyBridge Capital, noting that bitcoin just turned 12 years old.

“20 years later, Amazon has been trading for more thanstable. The company gained great popularity during the pandemic. Just look at the long-term chart. I think the same will happen with Bitcoin, ”Scaramucci said in an interview with CNBC.

Amazon was founded in 1994 by JeffBezos and in 2018 made him the richest man in the world with a capital of $ 112 billion. In 1997, the company's shares began trading on the NASDAQ stock exchange. After the initial public offering, one share was valued at $ 16. Today, March 19, the company's shares are traded at $ 3.02 thousand. For 24 years, the cost of securities increased by 18 818%.

Over the past eight years, Bitcoin has risen in price by 58,000%. Back in the summer of 2013, the main cryptocurrency was worth about $ 100.

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