SkyBridge Capital fund increased capital investment in BTC and ETH

by in Cryptocurrency News

Skybridge

SkyBridge Capital founder Anthony Scaramucci said in April that his fund invests the lion's share of its capital in cryptocurrencies.

This week, the financier admitted on CNBC that SkyBridge Capital took advantage of the fall in the crypto market and increased reserves in bitcoin and ether.

Moreover, those who have not yet decided to purchase digital currencies or have sold their coins will soon regret it, Scaramucci stressed.

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According to him, the crisis that we are witnessing is reminiscent of the situation in the stock market in the early 2000s. At that time, many small IT companies were forced to cease their activities. But some of them, such as Amazon, not only withstood the pressure but over the next few years became technological giants.

Scaramucci does not support the position of financiers like Warren Buffett who criticize bitcoin. He believes that they do not realize the real potential of an innovative tool.

The founder of SkyBridge Capital noted: "In 2000, many IT stocks fell to zero, but of course, there were a few companies in the market, such as Amazon, who continued to grow rapidly."