Anthony Scaramucci, the former partner of FTX founder Sam Bankman-Fried, has reiterated his belief that Bankman-Fried is the “crypto spin-off of Bernie Madoff.” However, Scaramucci stated in a recent interview that he remains committed to the industry and bitcoin, providing his company’s estimation of bitcoin’s intrinsic value. Scaramucci believes that bitcoin is currently worth roughly $40,000, while its trading value is around $27,000. The higher value, he explained, is justified by the rapidly growing number of bitcoin users and miners earning more rewards. Scaramucci believes that bitcoin‘s adoption rate is similar to the internet in 1998, with around 300 million current wallets representing approximately 4% of the global population. Scaramucci also mentioned his involvement with FTX in the past but has turned against his former partner, Sam Bankman-Fried, whom he recently compared to Bernie Madoff.
About the author - J-S Tremblay
I've been involved in the cryptocurrency world since 2016 and trading since 2019. I started Moon and Lambo in 2021. I'm passionate about crypto and love to share my knowledge. I hate bankers and I hope that cryptocurrency will change the financial world for the better. View full profile...
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