Anthony Scaramucci, founder and managing partner of investment company SkyBridge Capital, told CNBC that he likes Ethereum (ETH) but will focus on Bitcoin for now.
“The technology around #ethereum is going to make it a sticky cryptocurrency and a store of value and something people will transact with,” says @Scaramucci on why he likes $ ETH. pic.twitter.com/hpsvS0LFw7
— Squawk Box (@SquawkCNBC) April 5, 2021
According to Scaramucci, in the future, the price of Ethereum will continue to rise, making the second largest cryptocurrency by capitalization an attractive store of value.
“The technology on which the blockchain project is based will expand its scope,” added Scaramucci.
The head of SkyBridge Capital did not rule out the creation of an Ethereum-based fund by his company.
“We will launch the Ethereum fund when we understand that there is a steady demand for this service,” he said.
While Scaramucci believes in Ethereum’s potential, he says Bitcoin is still a priority for institutional investors.
Earlier in an interview with Decrypt, Scaramucci said that he is fully focused on the first crypto asset as the undisputed leader.
SkyBridge began investing in bitcoin last fall, and by December the investments had reached $ 182 million. In January, the firm launched a fund based on the first cryptocurrency with $ 310 million in assets.