SkyBridge Capital, the multi-billion dollar investment firm of Anthony Scaramucci, has reportedly invested $ 182 million in Bitcoin. CoinDesk reported that the firm’s SkyBridge Bitcoin Fund LP will be released on January 4 with a minimum allocation of $ 50,000 for investors.

 

Bitcoin investment from Scaramucci’s company

In an investor brochure, the $ 9.3 billion asset management firm reveals the advantages of investing in Bitcoin and calls its flagship cryptocurrency a less risky, emerging asset class now with increased interest from both retail and institutional investors.

The document says that Bitcoin is “better at being gold than gold.” He also notes that low interest rates and “unprecedented currency printing” contribute to the premium on scarce assets such as gold, real estate and Bitcoin.

 

Corporate shows high interest in BTC

Bitcoin investments are gaining momentum among traditional financial institutions.

Life insurance company MassMutual is also investing $ 100 million in BTC. Also, the $ 51 billion global investment firm Jefferies sells gold for BTC.

MicroStrategy, the largest publicly traded independent business intelligence firm, currently holds more than $ 1 billion in Bitcoin after making several purchases throughout the year.

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