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- Anthony Scaramucci, SkyBridge Capital founder, has warned against the short-selling of Coinbase (NASDAQ: COIN) stocks.
- The former White House director of Communications disagrees with skepticism regarding Coinbase by fellow hedge fund founder Jim Chanos in the latest interview.
- Scaramucci also showed his disagreement on the different comparisons being made between Enron and Coinbase, saying that he does not know about the latter.
Anthony Scaramucci, founder and managing partner of SkyBridge Capital, a global alternative investment firm, has given warnings against short-selling stocks of Coinbase (NASDAQ: COIN).
An SEC-registered investment adviser and global alternative investment manager, SkyBridge Capital, invest in private equity, hedge funds, digital assets, and real estate.
Former White House Director of Communications showed his disagreement against the doubts regarding Coinbase by Jim Chanos, fellow hedge founder, in the latest interview. Scaramucci made the claim that Coinbase is leading within the crypto space and holds immense potential to grow.
An exponential growth awaits the cryptocurrency markets. There is also a cash ETF on the horizon, if not by the end of the current year, then definitely by the end of next year, shares Scaramucci as per the reports of the Daily Hodl.
Scaramucci forecasts a “proliferation” of the market, which will eventually result in the booming growth of Coinbase, despite falling margins.
Scaramucci also did not entertain any comparisons between Enron and Coinbase, stating that he was unaware of any fraud related to Coinbase. Before its destruction in 2001, Chanos earned quite a good money by shorting scandal-ridden Enron.
Scaramucci said that he actually cautioned him for doing that and gave more time to the company to look at all the various things they’re working on, along with the potential revenue avenues.
Scaramucci also pointed out that Goldman Sachs became the first major bank to take part in an over-the-counter Bitcoin trade with Galaxy Digital, stating that it was a strong indication of the demand from banks for crypto-related products.
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.
