Bitcoin is the “apex predator,” but Ethereum can grow and become a store of value, says Scaramucci

Anthony Scaramucci, founder of asset management company SkyBridge Capital and former White House communications chief, recently praised ethereum (ETH) in an interview with CNBC:

“I think there is a very big market for ethereum and I predict that ethereum has good fundamentals and will grow, but I’m in an institutional kind of business. I think like an institutionalist, and I need to get my clients thinking about cryptocurrency and digital assets. So as a first step I focused on bitcoin and we only now have a bitcoin fund. ”

According to the Wall Street investor, who indicates that the focus of his company for now is still on bitcoin (BTC). SkyBridge Capital launched its bitcoin fund at the beginning of this year. Still, Scaramucci reports that his company may set up an ethereum fund in the future:

“Could we have an Ethereum fund in the future? Yes, we certainly can. Everything you say is true about the non-fungible tokens, and the technology around Ethereum will turn it into a sticky cryptocurrency and a store of value and something that people will use to handle transactions. “

By a “sticky cryptocurrency” he means a crypto that will not disappear any time soon. For the time being, bitcoin is the industry’s “apex predator,” or apex predator. According to Scaramucci, the challenge right now lies in convincing his clients that the world is digitizing and crypto is the future:

“For us it is the apex predator of space, and what I tell my clients is whether you like it or not, the world is moving towards digitization. When you think gaming you think 4k, 8k coming up. When you think about our children, and what they will think about, they really enjoy conducting transactions in Ethereum or Bitcoin, and I have to prepare my customers for that. So if they have a 1%, 2% or 3% position, I think they will consider us as fiduciaries and think they are very well served with that. ”