Anthony Scaramucci, founder of SkyBridge Capital, asserts that institutional adoption of Bitcoin is now fully underway and will pick up speed in the coming quarters. Speaking on CNBC, Scaramucci emphasized the increasing acceptance of Bitcoin by major financial institutions and pension funds.

He cited Wisconsin's recent investment in Bitcoin as an example and predicted that other pension funds would likely follow suit. Scaramucci attributed this growing institutional interest to Bitcoin's regulatory approval, which has addressed a significant barrier for large-scale institutional investors.

He characterized Bitcoin as "digital gold," emphasizing its role as a hedge against inflation and excessive money printing. Scaramucci urged investors to thoroughly research Bitcoin, highlighting its potential and the advantages of being an early adopter. Despite some skepticism initially faced by SkyBridge Capital's early adoption of Bitcoin, Scaramucci noted that many financial institutions now embrace it and related investment products like exchange-traded funds (ETFs).

He expressed confidence in Bitcoin's long-term growth potential, even in light of varied price predictions, suggesting that Bitcoin's market cap could rival that of gold. Scaramucci sees Bitcoin's increasing institutional interest as evidence of its emerging importance in modern investment portfolios.

As Bitcoin gains traction among institutional investors, its role in the global financial landscape is expected to expand further, with experts like Scaramucci leading the way.