Renowned hedge fund manager Philippe Laffont has recently joined the ranks of prominent figures embracing Bitcoin, after billionaire and investor Anthony Scaramucci, founder of SkyBridge Capital, expressed his admiration for the cryptocurrency. Laffont’s shift in perspective reflects a growing acceptance of Bitcoin’s long-term potential as an investment asset. Notably, Laffont’s decision comes as he acknowledges the cryptocurrency’s volatility but believes it holds sufficient stability to be included within investor portfolios. 5% of his portfolio is now allocated to Bitcoin. This follows a period where Laffont hesitated due to concerns about Bitcoin’s price fluctuations. Scaramucci himself, known for his unwavering support of Bitcoin, previously predicted the cryptocurrency could reach $500,000 or more in light of expected government spending. This latest development is part of a larger trend of mainstream adoption of Bitcoin by prominent investors and figures.