• SkyBridge founder Anthony Scaramucci believes the flagship cryptocurrency’s intrinsic worth is currently undervalued and predicts explosive returns as adoption grows.
• Scaramucci made this comment in response to being asked whether SkyBridge still believes in crypto after the FTX collapse or if the firm is looking to pivot into new investment avenues.
• He added that the past four months have been the best for SkyBridge since 2013.
SkyBridge Founder Believes BTC Is Undervalued
SkyBridge founder Anthony Scaramucci believes Bitcoin’s intrinsic value is currently undervalued and predicts explosive returns as adoption grows. During a Bloomberg TV interview, he said Bitcoin’s actual worth is around $40,000 and it is trading at an almost 50% discount. When asked whether SkyBridge still believes in crypto after the FTX collapse or if they are pivoting into new investment avenues, he said he will stick with Bitcoin and SkyBridge has not changed its portfolio at all which has already yielded rewards despite the scandalous collapse of FTX.
SkyBridges Response To The FTX Collapse
When questioned about his opinion on how to approach crypto investments post-FTX collapse, Scaramucci mentioned that he will continue holding onto Bitcoin as well as other cryptocurrencies due to their potential for future growth. He also noted that Skybridge’s portfolio has not made any changes since before the incident, leading them to yield positive results despite it occurring. This expresses his confidence in cryptocurrency and its potential for exponential growth even during turbulent times such as these.
SkyBridges Experience With Crypto
Scaramucci mentioned that Skybridge had seen excellent performance over the last four months, making it one of their most successful periods since 2013 when they first began investing in cryptocurrencies. This further reinforces his belief that cryptocurrencies should be held onto rather than sold off due to their potential for future gains – especially given current market conditions where BTC is trading at a steep discount compared to its true intrinsic value of around $40K according to Scaramucci himself.
Implications For The Crypto Market
The comments made by Scaramucci could have several implications for the cryptocurrency market going forward – from increased institutional interest due to positive sentiment from high-profile figures such as him, to more individuals investing their money into digital assets given his bullish views on them regardless of recent events like FTX’s collapse or regulatory uncertainty surrounding certain tokens like XRP (which recently got delisted from Coinbase). Ultimately these statements could have far-reaching effects on how people approach investing with respect to digital assets moving forward and might very well lead us towards a more mature version of cryptocurrency markets than what we have now!
In conclusion, Anthony Scaramuccis comments serve as an endorsement of sorts for cryptocurrencies such as Bitcoin and indicate a bright future ahead for those who choose to invest in them despite recent turbulence caused by events like FTX’s fall from grace or regulatory issues surrounding certain tokens like XRP (which was recently delisted from Coinbase). His bullish outlook on digital assets could lead more people towards investing their money into these markets – ultimately leading us towards a more mature version of cryptocurrency trading than what we have today!