Bitcoin is still a 'very good performer' so far in 2021 despite its recent tumble, says Skybridge Capital's Anthony Scaramucci.
. Still, it's gained more than 10% since the start of 2021. As of 2:35 a.m. ET Wednesday, the price of bitcoin was at $33,744, according to data from Coin Metrics.
Skybridge Capital has "about $500 million" in bitcoin, according to Scaramucci, founder and co-managing partner at the firm as well as a CNBC contributor. Metcalfe's law states that the value of a network is proportional to the square of its users. Skybridge's research department expects bitcoin users to reach a billion by 2025, from the 125 million at present, Scaramucci said.
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