End or no end for Bitcoin? Anthony Scaramucci of Skybridge Capital gives his opinion

Cryptos, Davos ready to care about them now? – The reference point of all budding economists and trend forecasters, of Davos Economic Forum (WEF) it’s the place to be for a few days. And, the various stakeholders craze for cryptoslikeAnthony Scaramuccifounder of Skybridge Capital. Decryption.

Skybridge boss in full transparency at Davos Forum

Anthony Scaramucci, DCG bankruptcy on the horizon?

of Davos WEF is being held right now, from January 16 to 20, 2023, in the heart of the Swiss Alps. The crème de la crème of bosses and political leaders meet during the summit to tackle climate, international and financial issues… And to try to find solutions. And among these, cryptos can have their place. Anthony Scaramuccithe founder of Skybridge Capitalan investment fund of nearly 2.2 billion dollars of assets, there is moreover wont on this topic.

He, first of all, is asked about current events. That is, the current obstacles on the side of Digital Currency Group (DCG). Indeed, the company founded by Barry Silbert since the beginning of the year he had been unable to honor the memorials from the head of the American stock exchange Gemini, Cameron Winklevoss. DCG has now announced suspend shareholders’ dividends until further notice. So the question the market is asking right now is exactly what Scaramucci is asking. Will crypto dominoes still fall in the coming months?

Digital currency group to fall? Fear of Skybridge Capital boss

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The boss of Skybridge, his vision for the current market

To answer, the Skybridge boss draws a parallel to the fall of Lehman Brothers in 2008. The market bottomed out only a year later, in 2009, after all doubts had been dispelled.

“I see another 3 or 4 months of negative activity from some industry leaders. However, I hope and pray for it DCG does not go bankrupt. »

One thing is certain, the more time passes, the more theoretically the chances of seeing another domino fall decrease. On the other hand, Scaramucci advises to look beyond short-term incidents and take a long-term view of the crypto sector.

“If you’re a long-term investor, you don’t have to look at it every day [en parlant de Bitcoin]. […] I haven’t lost any bitcoins. […] Its price may temporarily be pegged differently in dollars today than it was [lors de son ATH en 2021 par exemple]. […] But if we look in 3 or 5 years, I think we will be very good. »

The Skybridge boss even risks giving his opinion on the underlying trend The price of Bitcoin in the current period.

“I encourage people to invest now. We are closer to an end than to find the other top. »

Bull run, a recovery on our doorstep for 2023?  It's the prize party of Skybridge Capital's boss who insists on having a 3 to 5 year vision.
Finally reached the end? Time to invest? The Skybridge boss gets wet

Sam Bankman-Fried, Scaramucci’s betrayed confidant

Scaramucci also makes a long comeback in the FTX case after which he suffered heavy losses. SPECIALLY a purchase of $10 million in FTT tokens in return for Sam Bankman-Fried’s $45 million investment in his fund. A purchase in which he made money $9.6 million in losses. Anthony also considered Sam a friend and feels deeply betrayed from the young merchant whom he had allowed “to sit at the VIP table”. A prestigious round table composed of directors of venture capital funds (venture capital) and respected hedge funds.

“If you were there during the Russian debt crisis [en 1998] that John Meriwether helped to reinforce, or during the discovery of the Bernard Madoff Ponzi in 2008, one was highly leveraged, Meriwether, the other was a fraud, Madoff. It’s like if John Meriwether and Bernie Madoff had a biological child. That kid is Sam Bankman-Fried. »

Despite these disappointments, Scaramucci remains very bullish on the long-term crypto market. During a dinner with CZ in December, chief balance sheet has also told him that this market, and Bitcoin in particular, has so far been a veritable Swiss watch in terms of the 4-year cycle that separates each Bitcoin halving. Why would this change?

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