Scaramucci predicts Bitcoin treasury trend will fade

Anthony Scaramucci, founder of the U.S. hedge fund SkyBridge Capital, has said that the trend of companies adopting Bitcoin (BTC) as a treasury asset is likely to fade. In an interview with Bloomberg, Scaramucci referred to the approach as a "replicative treasury company idea" that will lose momentum in the coming months. While acknowledging the success of Michael Saylor’s Strategy (MSTR), which has made significant gains from its Bitcoin investments, Scaramucci pointed out that Saylor’s company is unique, with multiple business lines beyond Bitcoin. He believes that most companies will struggle to maintain high valuations simply by holding Bitcoin, as investors will eventually focus on business profitability and value creation, according to CoinDesk.