Anthony Scaramucci Makes A Bull Case for Bitcoin

Anthony Scaramucci, Skybridge Capital founder and former White House Communications director, joins CNBC's "Squawk Box" to discuss the state of the markets and bitcoin.

He believes bitcoin can move even higher over the long term and become a less volatile asset as adoption picks up. He likened his outlook on the digital cryptocurrency to shares of Amazon.

“Amazon now, 20 years later, is trading with more stability. It got a very big pop because of the pandemic, but just take a look at its long-term chart, and I think that will happen to bitcoin,” he said. “Once it fully scales, ... you’re going to be looking at that situation and saying, ‘OK, it’s way less speculative.’”

The interview aired on March 18, 2021.