Scaramucci Says Bitcoin Is Worth $40,000

The video discusses recent events in the crypto market, including the impact of the FTX scandal and the speaker's unchanged investment strategy. It highlights the Sam Bankman-Fried scandal's effects on the market, compares Bitcoin's current and intrinsic values, and emphasizes the potential for future growth. The speaker encourages patience and predicts significant returns if Bitcoin's global absorption increases.

What is the significance of reaching 8% global absorption for Bitcoin according to the speaker?

What does the speaker hope will happen if their predictions about Bitcoin are correct?