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Anthony Skalamchi, founder of SkyBridge Capital, says he is still a long-term follower of Bitcoin (BTC), despite the recent struggle of his fund.
New interview In the case of CNBC, hedge fund veterans say SkyBridge still likes the top crypto assets by market capitalization in the long run, despite facing a large outflow of investors.
“Wallets are growing exponentially. Bitcoin transactions are growing exponentially … And over time, I think Bitcoin will become the peer-to-peer transaction rail system for most of the economy. And there are also underlying technologies like Ethereum and perhaps Argoland, which will be part of it.
So when we look at technology and study it, it’s hard to believe that it’s not part of our future. ”
But Scaramucci Admit Bitcoin may have been a short-term mistake, but he says he measures investment on a four-year scale.
“It was a mistake in the short term. But remember that everyone is a long-term investor until short-term losses occur. We want to measure our investment in Bitcoin every four years. I think.”
Then Scaramucci To tell SkyBridge bought a BTC stash for $ 18,000. This is about $ 4,600 less than what King Crypto is trading at the time of writing, emphasizing that investors should consider sticking.
“Everyone is in a different situation. There is the worst market crisis since 1970, the first half of this year. [has been the] Worst since 1970. For us, with Bitcoin down 50% year-on-year, I think we were in a big position in Bitcoin.
Ironically, in our position, we bought Bitcoin for $ 18,000, which is $ 69,000. [and] Traded back to $ 22,000. Of course, you take the money above and leave the money below. So I hope people will recognize it and stay calm with us. “
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Featured image: Shutterstock / Mia Stendal
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