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- Skybridge Capital’s Anthony Scaramucci is looking forward to pivoting towards digital assets.
- They feel so strongly about the opportunity that they have adapted and repositioned the company to be a leading crypto asset manager and advisor.
- Post-Pandemic has been a bit topsy turvy for the markets, and they believe in the potential of cryptocurrencies.
Anthony Scaramucci now plans to turn Skybridge Capital’s heads towards virtual assets. After focusing primarily on hedge funds for years.
Scaramucci signifies that about fifty percent of Skybridge’s $3.5 Billion under management are connected to digital assets, including Bitcoin (BTC), Ethereum (ETH), the Algorand Protocol, and publicly traded crypto related stocks.
The investment firm expects that the focus on crypto would help to triple the assets to around $10 Billion, with the digital assets accounting for and representing the majority of those funds.
The founder highlighted in an interview recently that they feel so strongly about the opportunity that they have adapted and repositioned the company to be a leading crypto asset manager and advisor eventually.
He spoke prior to the SALT event last week, co-sponsored with crypto exchange FTX. The event is anticipated to attract roughly 2,000 people to the Bahamas.
In an interview with Bloomberg, he highlighted when he decided to pivot to crypto. He noted that the post-pandemic era comprises government deficits along with uncertainties related to growth. And given the financial market conditions, they think that the cryptocurrencies market represents massive growth.
They seem to be inspired by other officials from crypto firms whom they address as friends like Mike Novogratzes and Michael Saylor, who have been Pro Bitcoiners.
SkyBridge executive John Darsie and Scaramucci further expressed their views when asked about them being the first ones to be denied by SEC regarding spot ETF for Bitcoin. And how they expect the SEC to go about crypto regulation. They highlighted that they wouldn’t over-regulate the space and certainly won’t under-regulate it.
They highlighted that the authorities are concerned about the investors’ safety; hence they are pro-regulation.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
