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Cathie Wood says Ark investment is still very bullish, "Our conviction in bitcoin has only increased over the years. And I think the big exclamation point for me, in the early days, was my mentor Art Laffer…we were collaborating on a white paper and I said 'Art, how big could this be.' And he said, 'well, how big is the US monetary base,' at that time, it was $4.5 trillion today, it's closer to $7.5 trillion, and so we ran with it and haven't regretted it for one minute since."

Scaramucci recounted his first foray into cryptocurrency, "my first bitcoin was super hard to buy; that was my story, but once I owned my first bitcoin and I realized what was going on, I'm like 'oh my god, I don't own enough of this.' So every month, I try to buy a little bit more for myself or my family."

With the recent ups and downs in Bitcoin and Elon Musk seeming to change his mind everyday some investors have grown skeptical of Bitcoin. However, Cathy says, "Bitcoin is the reserve currency of the crypto-asset ecosystem. It is the flight to safety currency. And I do believe that's still the case."

He went on to say, "when I came out of the White House and got blown into Pennsylvania avenue, the first thing I did was buy the URL Why? It became very clear to me in my short stay in Washington that we would eventually be digitizing US currency…but I have to confess I was still very cautious. So I had a checklist, and there were three things on the list. Number one: were there at least a hundred million users…number two: what was the US regulatory landscape…was it going to be accepted clearly here…third thing was the storage…can I store it safely…where there are layers of insurance."

Speaking about the potential downside to the environment Cathy posited "putting bitcoin mining into a solar power wall merchant power ecosystem so that it could absorb all the extra energy coming from the sun after the powerpack is filled up. That would add a new dimension of economics to this ecosystem and would encourage homeowners and utilities to add more solar than otherwise would be the case. So it's actually going to accelerate the movement into renewables. I think that's what's going to bring institutions back."

When asked about how she though Wall St. should approach cryptocurrency Cathy said, "I think we used a million Monte Carlo simulations to figure out if institutions start going in, where will they go? Well, they'll tiptoe in….according to those simulations, in order to maximize the Sharpe ratio, an institution might move towards 6% of a portfolio in bitcoin. In order to minimize volatility and enjoy the increased return associated with crypto, that percentage might be more like 2.5%."

Anthony sees it a little differently and thinks you should play the swings, "we're embracing the volatility. Remember, volatility may not be a measurement of risk if you understand fundamentally what you own. You can use the volatility and the manic depression of the market to take advantage of the markets."

"Long-term, there's no reason why this can't be a half a million-dollar coin. But I do think you can still get to $100,000 this year just knowing what I know about demand and potential saturation levels. But I do want to emphasize what Cathie said about leverage…I'm going to remind everyone about something Warren Buffet said about leverage. It is a dagger coming out of the steering wheel of your sports car. And you're traveling down an icy road in the winter, so when you need to hit the brakes, that's when leverage is going to hurt you the most.", says Scaramucci. 

This is partly based on the consistently dropping power of the dollar. "If you're going from $4.5 trillion of dollar volume (2015 figure) to $7.5 trillion of dollar volume (today's figure)…you just got taxed, ladies and gentleman. You know, the government didn't impose it on you, but they secretly did it through the central bank…your purchasing power has eroded." Scaramucci said.