Anthony Scaramucci, founder of SkyBridge Capital and vocal cryptocurrency advocate, predicted that meme coins will eventually trend toward zero.
Memecoins Offer Little Utility, Says Scaramucci
During an exclusive chat with Benzinga, Scaramucci said he’s all for a free world and stands by people’s right to buy and sell meme coins.
“I just think meme coins, generally, their trend line will be toward zero. That’s my prediction,” stated the former White House Communications Director.
Scaramucci said he finds little utility in these assets, specifically pointing to the Official Trump (CRYPTO: TRUMP) token.
“If you want to trade in rapid speculation, that’s not my business,” he added.
See Also: Anthony Scaramucci Was ‘Willing’ To Risk His Business For Bitcoin During The 2022 Crypto Winter
Bitcoin And Layer-1 Tokens On Scaramucci’s Radar
Discussing other cryptocurrencies, Scaramucci stated that Bitcoin (CRYPTO: BTC) “deservedly” earned its reputation as a “digital property” and a “digital gold.”
He revealed that Skybridge’s strategy is to select three to five Layer-1 tokens that will exist and see increased adoption and utility over the next five years.
Apart from Bitcoin, he has been bullish on the prospect of Ethereum (CRYPTO: ETH) and Solana (CRYPTO: SOL)
Scaramucci currently serves as a strategic advisor to AgriFORCE Growing Systems Ltd. (NASDAQ:AGRI), a firm focused on Avalanche (CRYPTO: AVAX), as well as to AlphaTON Capital Corp. (NASDAQ:ATON), which holds a treasury of Toncoin (CRYPTO: TON).
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