Billion dollar wealth manager Anthony Scaramucci launched a Bitcoin fund with an investment of $ 25 million to “democratize BTC as we did in the hedge fund industry 10 years ago”.
Skybridge Capital’s founder and managing partner Anthony Scaramucci announced the launch of a new Bitcoin-specific fund. For Scaramucci aiming to start the fund three or four earlier, that’s just the beginning. “I think Bitcoin caught fire, but we are still in a very early period,” Scaramucci said in an interview with CNBC’s Scott Wapner. At the same time, they have been busy researching Bitcoin and getting used to the digital asset for the past two years.
After all the research, the billion-dollar wealth manager believes it’s a store of value. Scaramucci expresses his thoughts on the cryptocurrency giant as follows:
“Looking at the current monetary supply and global central banking coordination, this will be a very strong asset class in the next decade.”
Skybridge Capital’s new Bitcoin fund started trading with $ 25 million of the firm’s capital this week. A three-month holding period looks set to target investors over the long term. The fund will go live for foreign investors on January 4th.