Former White House Communications Director Anthony Scaramucci, the founder and managing partner of SkyBridge Capital, a global alternative investment firm, recently offered his newest ideas on Bitcoin in an interview.
SkyBridge serves a diverse variety of market participants, from accredited individual investors to major institutions. In other words, it is a global alternative investments organization focusing on the multi-strategy commingled fund of hedge fund products, unique separate account portfolios, and hedge fund advising solutions.
The introduction of SkyBridge Bitcoin Fund LP which offers institutional-grade exposure to Bitcoin to mass-affluent investors was informed by Skybridge on January 4.
SkyBridge also initiated a position in funds investing in Bitcoin during November and December 2020 on behalf of its flagship funds, valued at around $310 million at the time of this release.
Scarammuci was part of CNBC’s “Capital Connection” where he discussed the importance of knowing what Bitcoin is. Moreover, he emphasizes that anyone who will learn about Bitcoin will quickly get encouraged to invest in it. Such an example is Ray Dalio, who was initially resistant towards BTC, but is now an investor.
He even compares Bitcoins to digital gold, making it known that he made an investment of $1 billion into BTC. He began acquiring that position last year and strongly believes that Bitcoin will show itself as a massive asset class.
The former White House director of Communications is aware that there are many names, such as Michael Saylor of MicroStrategy that believe in bullish predictions, however, he is not one of them. While he is an investor, Scaramucci is not a blind optimist to believe that Bitcoin is the biggest financial miracle out there.
The crypto market is a thrilling idea as it is free from policymakers and politicians, they don’t get a say in it, states Scaramucci. He refers to it as a ‘’de-layering mechanism for society’, expecting BTC to play an even more significant role in the next decade’s global economy.