Anthony Scaramucci, Founder and Managing Partner of Skybridge Capital, is optimistic for the future of the crypto market. by recommending investors “Looking through the current environment” and “Patience and long-term perspective”
In an interview with CNBC, the hedge fund manager spoke about his beliefs: Several recent developments in the crypto space could spark. “More commercial activities”
especially He highlighted the ever-evolving Lightning Network, BlackRock’s partnership with Coinbase, and the establishment of a Bitcoin (BTC) private trust fund as good signs of the future.
“CEO Larry Fink finally saw the need for institutional digital assets, otherwise he wouldn’t be launching those products. and he will not cooperate with Coinbase.”
“I just want to remind people that there are only 21 million Bitcoins and you will be shocked by the low demand from the supply,” he added.
Scaramucci also cited the upcoming Ethereum Merge on September 15th, which will change the mechanism to proof-of-stake (PoS) is an event that can affect the market price of the second largest cryptocurrency.
in his opinion Traders are buying cryptocurrencies based on the potential advantages of the merge, but he noted that they can also be sold quickly.
“Many traders might buy based on that rumour. And they might sell after the news is true,” he said, adding that “I will warn people not to do that. This is a great long-term investment,” he added.
Scaramucci noted that he has seen a resurgence in investor interest. and with better-than-expected inflation figures in July. He believes the global economy can return to a strong position like Q4 2019 within 6 to 12 months.
Overall, Scaramucci has a positive outlook on the crypto market and warns investors to be wary of reactions to bad news and emotional trading.
His company believes An unprecedented surge in BTC could be seen over the next six years.
“If we’re right, if BTC goes to $300,000 per coin. It doesn’t matter if you buy it at $20,000 or $60,000, the future is with us. It happened faster than I thought,” he said.