Skybridge Capital founder Anthony Scaramucci shared his thoughts on the current bear market, recommending that investors keep buying bitcoin and stay calm.
AT interview CNBC channel Anthony Scaramucci (Anthony Scaramucci), founder of the hedge fund Skybridge Capital, which manages $ 3.5 billion in assets, spoke about the current fall in the cryptocurrency market. Scaramucci called what is happening “a bloodbath”, adding that he managed to survive seven “bear” markets. The former politician hopes that he will be able to “get out” of the eighth.
“I am encouraged by the fact that Bitcoin now exceeds 50% of the total market capitalization of the crypto market. This is another sign that proves the value of bitcoin,” said Scaramucci.
Bitcoin is under pressure from the situation with Celsius, just as it was with Terra about six weeks ago. Recall that recently the cryptocurrency lending platform Celsius suspended the withdrawal of funds and transactions with crypto assets due to high market volatility. But this is not a reason to “put an end to bitcoin,” Scaramucci is sure. He believes it’s best to be unleveraged but stick to long-term investments. Scaramucci added that his company is looking to buy more ETH and BTC with the additional funds coming into the fund.
“All cryptoassets have a long-term perspective as long as they don’t face short-term losses. Then investors start tearing their hair out and hitting the wall. It is better to buy a quality crypto asset without being distracted by others, and maintain discipline without looking back at the bear markets that sometimes happen. If you remain calm during these periods, you will become rich,” he said.
A few months ago, Scaramucci suggested that by 2024 the Bitcoin exchange rate would reach $100,000. He justified his position by saying that US regulators should not tighten the regulation of cryptocurrencies in the country.
Source: Bits
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