SkyBridge Capital’s founder and former Communications Director of the White House, Anthony Scaramucci, said that Bitcoin is volatile and the bubble could burst, but he remained optimistic about the cryptocurrency market and stated that people can make a massive amount of money in the crypto market.
In an interview with CNN, Scaramucci stated that Bitcoin is digital gold and provides a modern way to store capital. He initially admitted that he was skeptical about BTC and other digital assets, but changed his mind about cryptocurrencies due to their mass adoption.
However, he added that investing in cryptocurrencies is not for cowardly people and crypto holders should be ready for a volatile market ahead. The founder of SkyBridge Capital officially launched the SkyBridge Bitcoin Fund yesterday to provide retail and institutional customers with the opportunity to adopt BTC. He used the following statements in the interview:
“THIS MAY BE AN INFLATABLE BALLOON. WE BELIEVE THAT THE FUND IS VARIABLE AND CAN LOSE MONEY. ”
Despite concerns over Bitcoin volatility and its possible consequences for crypto investors, Scaramucci remained a Bitcoin bull, calling BTC digital gold. “This is digital gold and easier to transfer. We love the limited supply of Bitcoin, ”he added. SkyBridge Capital launched a $ 310 million BTC fund and announced that it provides corporate-level oversight and operations without forcing investors to hold BTC directly.
“WE BELIEVE THAT BITCOIN IS IN ITS FIRST STEPS AS AN EXCITING NEW CLASS OF ASSET. WE BELIEVE THAT IT IS THE RIGHT TIME TO ALLOCATE CAPITAL AND ACCESS OUR CUSTOMERS TO DIGITAL ASSETS WITH THE CORPORATE QUALITY CUSTOMER SOLUTIONS AVAILABLE ”
“With global currency printing at an all-time high, Bitcoin offers a powerful alternative to gold as a store of value and provides protection against future inflation,” SkyBridge co-chairman and senior partner Ray Nolte said in an official press release. used the expressions.