{"id":758,"date":"2021-03-24T23:59:21","date_gmt":"2021-03-24T23:59:21","guid":{"rendered":"https:\/\/news25.org\/?p=758"},"modified":"2021-03-24T23:59:21","modified_gmt":"2021-03-24T23:59:21","slug":"bitcoin-can-prosper-without-becoming-a-major-currency-skybridges-scaramucci","status":"publish","type":"post","link":"https:\/\/www.news25.org\/bitcoin-can-prosper-without-becoming-a-major-currency-skybridges-scaramucci\/","title":{"rendered":"Bitcoin can prosper without becoming a major currency: SkyBridge’s Scaramucci"},"content":{"rendered":"

LONDON (Reuters) – Bitcoin doesn\u2019t need to become a widely-used form of payment to succeed and could prosper solely as a store of value, SkyBridge Capital founder Anthony Scaramucci said on Wednesday.<\/p>\n

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\"Reuters\"
IMAGE COPYRIGHT \/ AFP\/ Anthony Scaramucci, Founder and Co-Managing Partner at SkyBridge Capital, speaks during the opening remarks during the SALT conference in Las Vegas, Nevada, U.S. May 17, 2017. REUTERS\/Richard BrianREUTERS<\/figcaption><\/figure>\n<\/div>\n

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Designed as a way to pay, bitcoin is still little use for commerce – though in a major step Tesla Inc said on Wednesday customers can now pay for its electric vehicles in the cryptocurrency.<\/p>\n

\u201cFor bitcoin to be successful … it doesn\u2019t have to become the global currency,\u201d Scaramucci said in an interview at Reuters Digital Assets Week 2021.<\/p>\n

\u201cIt could just be a store of value, and then you end up transferring your bitcoin into the various currencies that you want to transact in,\u201d said the former White House communications director.<\/p>\n