Speaking to CNBC’s Over Time, SkyBridge Capital founder Anthony Scaramucci said: Bitcoin (BTC) He admitted that he was wrong about it.
to bitcoin Acknowledging that it is a mistake to invest heavily in the short term, Scaramucci said that the long-term bullish expectations in Bitcoin still continue.
“I want to measure bitcoin investments over a four-year range.
If you’ve held Bitcoin for a four-year cycle, then I think you’ve made money.”
“Short-term it was a mistake,” says @Scaramucci on being as exposed to Bitcoin as he once was. “But remember everybody’s a long-term investor until they have short-term losses. I want to measure the Bitcoin investment over a four-year interval.” pic.twitter.com/eAEC6KGxbg
— CNBCOvertime (@CNBCOvertime) July 21, 2022
Stating that Bitcoin is adversely affected by the FED’s rate hike decisions, Scaramucci thinks that the situation in BTC may change rapidly, as the FED will be able to change its policy by the end of the year.
bitcoin Noting that there is an exponential increase in the number of wallets and transactions, the famous investor stated that he believes BTC and cryptocurrencies will be a part of our future.
When asked about the news that Skybridge’s Legion Strategies fund has suspended payments, the famous investor replied:
“People have to sell bottom from time to time, and time will tell if this is the right thing to do.
Skybridge is having a hard time. I refrain from saying otherwise.”
As it will be remembered, Anthony Scaramucci was more in the decline in June. Bitcoin (BTC) and Ethereum (ETH) announced that they had.
Scaramucci’s statement “I am encouraged that Bitcoin’s market cap is currently over 50% of the overall crypto market cap. Bear markets do happen, which shouldn’t scare investors away. I warn investors to buy quality and stay out of control.” he said.