Down or not down for Bitcoin? Skybridge Capital’s Anthony Scaramucci comments

Cryptos, is Davos ready to care about them now? – A hallmark of all budding economists and trend forecasters Davos Economic Forum (WEF) place for a few days. And various stakeholders rave about cryptoswhomAnthony Scaramuccithe founder Skybridge Capital. Decryption.

Skybridge boss in full transparency at Davos Forum

Anthony Scaramucci, DCG bankruptcy in sight?

the Davos WEF currently taking place from January 16 to 20, 2023 in the heart of the Swiss Alps. The cream of the crop of CEOs and political leaders meet during the summit to tackle climate, international and financial issues… And try to find solutions. And cryptocurrencies can have their place among them. Anthony Scaramuccithe founder Skybridge Capitalinvestment fund of approx 2.2 billion dollars assets, expressed itself in this regard.

He primarily asks about current events. That is, on the side of the existing lags Digital Currency Group (DCG). It is indeed built by the company Barry Silbert He has not been able to show himself since the beginning of the year to honor reminders From the manager of the American stock exchange Twins, Cameron Winklevoss. DCG has just announced to suspend stockholders’ dividends until further notice. So the question the market is now asking is the question Scaramucci is asking. Will crypto dominoes still fall in the coming months?

Is The Digital Currency Group About To Fall? Fears of Skybridge Capital boss

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Skybridge’s boss, his view of the current bear market

To answer, it parallels the fall of the boss of the Skybridge Lehman Brothers In 2008. The market bottomed out just one year later, in 2009, when all doubts were gone.

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

One thing is certain, the more time that passes, the less chance there is in theory of seeing a new domino fall. 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 shouldn’t be looking at it every day [en parlant de Bitcoin]. […] I haven’t lost any bitcoins. […] Its price can be temporarily determined in dollars today, unlike before [lors de son ATH en 2021 par exemple]. […] But if we look 3-5 years from now, I think we will be very good. »

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

“I encourage people to invest now. We are getting closer to the bottom than finding the next peak. »

Bull run, a recovery on our doorstep for 2023?  It is the pricing side that Skybridge Capital's boss insists on having a 3 to 5 year vision.
Has the bottom finally been reached? Is it time to invest? The Skybridge boss gets wet

Sam Bankman-Fried, Scaramucci’s betrayed trust

Scaramucci also makes a long comeback on the FTX case then he suffered heavy losses. Especially $10 million purchase with FTT tokens In exchange for investing $45 million in Sam Bankman-Fried’s foundation. Cash-on purchases $9.6 million loss. Anthony also considered Sam a friend and feels deeply betrayed By a young trader whom he allowed to “sit at the VIP table”. A prestigious table of directors of venture capital funds (venture capital) and respected hedge funds.

“If you were there during the Russian debt crisis [en 1998] In the case of the Bernard Madoff Ponzi that John Meriwether helped fuel, or the one that emerged in 2008, one was Meriwether and the other was Madoff, the fraudster. As if John Meriwether and Bernie Madoff had biological children. That kid is Sam Bankman-Fried. »

Despite these disappointments, Scaramucci remains very bullish on the long-term cryptocurrency market. during lunch with CZ in December binance boss also said that this market and Bitcoin in particular has been a true Swiss watch so far a 4-year period that splits half of each bitcoin. Why should this change?

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