According to the founders of SkyBridge Capital, bitcoin has become a mature investment asset and is no less reliable than gold and bonds.
In a joint article, SkyBridge Capital co-founder Anthony Scaramucci and its president, Brett Messing, emphasized that there are “unique and visible risks” when investing in bitcoin, but when handled correctly, it is a very attractive asset.
The management of the investment firm named the possibility of losing the private key from the bitcoin wallet as a risk. In addition, the first cryptocurrency is quite volatile, although this is gradually changing – new laws and regulations “have led to a surge of interest from institutional investors.”
“Better regulation, better infrastructure and access to financial institutions like Fidelity make investing in bitcoin as safe and secure as buying bonds and defensive assets,” Scaramucci and Messing write.
That being said, the article emphasizes that bitcoin is still in its early stages of development, which gives the asset “significant long-term value”. It is equally important that the maximum amount of bitcoins is limited:
“You can always get more gold. But bitcoin is a unique asset for storing wealth, because its supply is absolutely independent of increased demand. ”
At the end of December 2020, SkyBridge Capital invested $ 182 million in bitcoin.
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