SkyBridge Capital’s Anthony Scaramucci said on Wednesday that stock price increases for retailers for the video game GameStop suggest that bitcoin will eventually be a success.
On Tuesday, GameStop (NYSE: GME) jumped 92.7% on a volatile trading session driven primarily by a campaign by members of the Reddit forum r / WallStreetBets. Trading in the stock has been halted several times in the past week as price increases have caused market protection.
After Elon Musk joined the fight, tweet “GameStonks,” the stock rose 50%. The video share is now worth $ 10 billion and is classified as a large-cap stock, according to Bloomberg.
Scaramucci said in an interview with Bloomberg that this strong individual trader action is proof of the concept that Bitcoin is going to work, and that it should be taken ‘seriously’.
He suggested that the ‘decentralized’ investor activity is similar to the fundamental concept behind bitcoin, while mobile and cheap trading is a former democratic market.
‘How are you going to beat the decentralized crowd? For me, this is more confirmation of decentralized finances, ”Scaramucci said.