So, Anthony Scaramucci, the guy who runs SkyBridge Capital and basically *lives* for Bitcoin, is back at it again—this time reacting to Philippe Laffont, another billionaire, finally hopping on the Bitcoin bandwagon. Oh, and Laffont? He’s the big cheese behind Coatue Management, and apparently, he’s had a *little* awakening. He now believes that Bitcoin is, like, the greatest investment of the century. 💸
In case you’ve been living under a rock (or not obsessively refreshing your social media feed), Laffont—who manages a cool $15 billion tech hedge fund—recently confessed at Coinbase’s State of Crypto Summit in New York that he’s “warmed up” to Bitcoin. Yep, he finally figured out that the cryptocurrency is not just for tech nerds and crypto bros. It’s actually something he should probably care about, too. 👏
But let’s backtrack a bit. In the past, Laffont was too busy clutching his pearls over Bitcoin’s crazy volatility, because, you know, traditional investors *love* their predictability (said no one ever). He didn’t want to dive into the Bitcoin madness for fear it would send his fancy suits into a fit of anxiety. 😱
But guess what? Laffont’s new “enlightened” self now thinks Bitcoin’s volatility is no longer a dealbreaker. In fact, he’s all about calling it a *legitimate* part of investment portfolios. I mean, sure, it only took him a *few* years, but who’s counting? 🤷♀️
And because every billionaire has to say something that makes us plebeians feel inferior, Laffont also thinks Bitcoin is a solid hedge against inflation. Because, apparently, *that’s* the kind of casual knowledge only the super-wealthy have access to. 🙄
But wait, there’s more. The big guy is now recommending that investors should allocate around 3-4% of their portfolios to Bitcoin. And here comes the plot twist—*with a modest attitude*. Laffont says it’s better to dip your toes in with a small position, so you don’t lose your lunch every time Bitcoin’s value does its classic rollercoaster thing. 🍿
Three types of clients—Pick Your Fighter!
According to Laffont, there are three types of people when it comes to this whole Bitcoin mess:
- The villain: The ones who trust him to make decisions (no pressure, Philippe!),
- The people who are mad at him for missing out on Bitcoin in the first place (good luck with that one),
- The ones who are still scared to even *look* at crypto (bless their hearts—this group is “dying out,” by the way). 😬
Will Bitcoin Hit $500,000?
So, Scaramucci, the resident Bitcoin guru, has some predictions that will make your eyes water. Back in May, he said Bitcoin could *totally* hit $500,000 because, well, governments are spending like there’s no tomorrow. 💰
And just to make everyone feel like they’re still “early” to the Bitcoin party, Scaramucci reminded us that even *new* investors are actually just getting started. So, no big deal, right? Just jump in—after all, you’ve got plenty of time. 😏
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2025-06-15 10:56