Meme coins continue to draw attention in the cryptocurrency market, but SkyBridge Capital founder Anthony Scaramucci believes their speculative nature could have negative consequences.
What Happened: In an interview with CNBC on Tuesday, Scaramucci cautioned that the frenzy surrounding meme coins risks distorting perceptions of Bitcoin, making some investors question its legitimacy as an asset.
“When Becky [Quick] is interviewing Warren Buffett and he’s talking about cryptocurrency, this is the stuff that would aggravate him,” Scaramucci said, referring to meme coins. “People think, ‘Okay, well maybe Bitcoin (CRYPTO: BTC) is just a very big meme coin.’”
Scaramucci’s comments come as tokens like
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