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<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/anthony-scaramucci-discusses-bitcoin-adoption-by-us-pension-funds/" data-wpel-link="internal">Anthony Scaramucci Discusses Bitcoin Adoption by US Pension Funds</a><br></p>
<p style="text-align: justify"><strong>SkyBridge Capital</strong> founder and managing partner Anthony Scaramucci joined CNBC’s Squawk Box to discuss <a href="https://en.coin-turk.com/bitcoins-rally-may-be-coming-to-an-end-analyst-warns/" data-wpel-link="internal">Bitcoin</a> and US pension funds starting to adopt this cryptocurrency. Scaramucci expressed his positive views on Bitcoin’s <a href="https://newslinker.co/" data-wpel-link="exclude">future</a>, stating, “Acting early on Bitcoin works.”</p> 
<h2 style="text-align: justify" id="institutional-bitcoin-adoption-is-rapidly-increasing">Institutional Bitcoin Adoption is Rapidly Increasing</h2> 
<p style="text-align: justify">According to Scaramucci, institutional adoption of <strong>Bitcoin</strong> is currently happening rapidly. As a significant indicator of this process, the Wisconsin State Investment Board’s investment of approximately $100 million in Bitcoin stands out. Scaramucci predicts that this development will encourage other pension funds to start investing in Bitcoin as well.</p> 
<p style="text-align: justify">Scaramucci emphasized that Bitcoin now has regulatory approval, highlighting that major financial institutions have the green light to start taking positions in this cryptocurrency. This means that Bitcoin will begin to be seen as part of a long-term tactical asset allocation strategy by institutional <a href="https://finance.coin-turk.com/" data-wpel-link="external" target="_blank" rel="nofollow noreferrer">investors</a>.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-352520 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/05/scaramucci.png" alt="" width="537" height="497"></p> 
<p style="text-align: justify">Scaramucci also stressed the importance of having in-depth knowledge about Bitcoin. This involves not only reading Bitcoin’s whitepaper but also understanding the history and workings of money. Scaramucci believes that anyone who acquires this knowledge will be inclined towards Bitcoin. Overall, Scaramucci, who believes that acting early on Bitcoin is profitable, stated, “We are still in the early stages. Sometimes, when you act early, you get some bumps and bruises.” However, Scaramucci believes that early investors have the potential to achieve significant gains in the long run.</p> 
<h2 style="text-align: justify" id="bitcoin-etfs-make-headlines-with-inflows">Bitcoin ETFs Make Headlines with Inflows</h2> 
<p style="text-align: justify">On May 16, spot <strong>Bitcoin</strong> exchange-traded funds saw nearly $256 million in inflows. This impressive inflow equated to a total of 3,893 BTC. These funds, entering nine different ETFs, created significant momentum in the cryptocurrency world.</p> 
<p style="text-align: justify">The largest Bitcoin fund managed by Grayscale saw outflows of 839 BTC valued at $55,200. GBTC currently manages a total of 288,498 <strong>BTC</strong> worth $18.86 billion. The Fidelity ETF gained over $130.79 million in value, adding 1,989 BTC. With this inflow, total Bitcoin assets reached 155,745 BTC, exceeding a value of $10.24 billion.</p> 
<p style="text-align: justify">In the last 24 hours, the leading cryptocurrency Bitcoin surpassed the $66,000 level, showing an increase of less than 2%. However, it then experienced a decline and is currently trading at $65,540.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/anthony-scaramucci-discusses-bitcoin-adoption-by-us-pension-funds/" data-wpel-link="internal">Anthony Scaramucci Discusses Bitcoin Adoption by US Pension Funds</a></h5>

Anthony Scaramucci Discusses Bitcoin Adoption by US Pension Funds

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