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InvestorBrandNetwork Announces The Dealmaker Show Interview with Anthony Scaramucci, Founder and Managing Partner of Skybridge Capital

June 22, 2021

InvestorBrandNetwork Announces The Dealmaker Show Interview with Anthony Scaramucci, Founder and Managing Partner of Skybridge Capital

InvestorBrandNetwork (“IBN”), a multifaceted financial news and publishing company for private and public entities, today announces that Anthony Scaramucci, founder and managing partner of Skybridge Capital and former White House Communications Director under the Trump administration, recently appeared on The Dealmaker Show, a fast-paced and high-energy forum hosted by bestselling author Oren Klaff.

To hear the full podcast, visit The Dealmaker Show

During the interview, Klaff inquired about Scaramucci’s outlook on the current state of the cryptocurrency market and how he expects bitcoin’s value to move in the coming years as the token’s long-term utility continues to take shape.

“I think it’s too soon [for bitcoin] to be categorized as [an asset class, a store of value or a transfer of value]. I think that, 10 years from now, I’d like to tell you that it’s going to be a store of value. You can certainly look at its trajectory and say that it’s done a good job of storing value,” Scaramucci explained. “It has a lot of volatility to it, so that gets people concerned. If you take a 30,000-foot view and look at where bitcoin was in 2013 and where it is today, it’s certainly been a magnificent performer, but I think that there’s something else going on.”

“Bitcoin is fully engaged in the network effect; it’s fully engaged in Metcalfe’s Law. What did Professor Metcalfe say? He said that you can value things pursuant to the growth of their network. Amazon… is a retail network. Facebook is a social network. Google is an information and advertising network. What is bitcoin?” he continued. “If it’s a monetary network, then the coins will be worth $1 million per coin. If it’s a store of value network, then the coins will be $500,000 per coin. If it’s neither of those things, somebody would say, ‘well, then it’s going to go to zero.’ Maybe, but maybe not… Bitcoin is scarce; it’s digital… People are very comfortable living in the digital world… There are things that will be worth something in the world of digitization.”

“In the 1935 Monopoly game, you had $1,000 of Monopoly money. The U.S. dollar, in terms of its purchasing power, is down 98%. If you went to eBay to buy the original paper Monopoly dollars, you would have to pay… over $1,000 for them. The Monopoly dollar has gone up while the American dollar has gone down,” Scaramucci noted. “People… want to pretend that we’re in a normative society where things ought to work a certain way. Yeah, our government ought not to borrow $0.51 for every dollar that is spent. They should not do that, but they are doing that. So, as a result of them doing it, we have to live in a society the way it is, not the way we want it to be. We have to adjust accordingly. Bitcoin’s got to be worth something. There are too many players involved. If I’m right, I think it’ll be worth $500,000 a coin. If I’m wrong, I don’t think it’s going to zero.”

Throughout the interview, Scaramucci discussed the underlying value supporting the growth of bitcoin, his capital raising strategies for a fund focused on digital assets and his suggestions for young investors interested in the crypto space.

About InvestorBrandNetwork

The InvestorBrandNetwork (“IBN”) consists of financial brands introduced to the investment public over the course of 15+ years. With IBN, we have amassed a collective audience of millions of social media followers. These distinctive investor brands aim to fulfill the unique needs of a growing base of client-partners. IBN will continue to expand our branded network of highly influential properties, leveraging the knowledge and energy of specialized teams of experts to serve our increasingly diversified list of clients.

Through NetworkNewsWire (“NNW”) and its affiliate brands, IBN provides: (1) access to a network of wire solutions via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible; (2) article and editorial syndication to 5,000+ news outlets; (3) enhanced press release solutions to ensure maximum impact; (4) full-scale distribution to a growing social media audience; (5) a full array of corporate communications solutions; and (6) a total news coverage solution.

For more information on IBN, visit https://www.InvestorBrandNetwork.com

Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: https://IBN.fm/Disclaimer

Forward-Looking Statements

This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company’s SEC filings. These risks and uncertainties could cause the company’s actual results to differ materially from those indicated in the forward-looking statements.

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