SkyBridge Founder Anthony Scaramucci Still Loves ‘Long Term’ Bitcoin Despite His Fund’s Current Difficulties

Anthony Scaramucci, founder of SkyBridge Capital, says he remains a long-term follower of Bitcoin (BTC) despite the struggles his fund has faced recently.

in new an interview With CNBC, the hedge fund veteran says he still likes the best crypto assets by long-term market capitalization, even as SkyBridge faces a massive exodus of investors.

There has been tremendous growth in portfolios. There has been tremendous growth in bitcoin transactions…I believe that over time bitcoin will become a peer-to-peer transaction rail for most of the economy. And there will be core technologies like Ethereum or perhaps Algorand that will also be a part of it.

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So when I look at technology, study technology, I find it hard to believe that it won’t be a part of our future.

However, Scaramucci admit Bitcoin may be a short-term mistake, but note that it measures investment on a four-year scale.

In the short term, that was a mistake. But remember that everyone is a long-term investor until they incur short-term losses. I want to measure bitcoin investment over four years.

Scaramucci then says that SkyBridge has bought its stock of BTC for $18,000, which is about $4,600 less than what the crypto king is trading at the time of writing, stressing that investors should consider staying put.

“Everyone is in a different situation. We have the worst market crisis since 1970, the first half [has been the] Worst since 1970. I think for us, with Bitcoin down 50% in the year, we’ve had a big position in Bitcoin.

The irony of our situation is that we bought Bitcoin for $18,000, so they went to $69,000 [and] Trade at $22,000. Of course, money goes up and money goes down. So I would like people to realize that and stay calm and be with us.

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Disclaimer: The opinions expressed in The Daily Hodl are not investment advice. Investors should perform their due diligence before making high-risk investments in bitcoin, cryptocurrency, or digital assets. Please note that your transfers and transactions are at your own risk and any loss you may incur is your responsibility. The Daily Hodl does not recommend buying or selling cryptocurrencies or digital assets, and The Daily Hodl is not an investment advisor. Please note that The Daily Hodl is involved in affiliate marketing.

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