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Bitcoin Is Technically Oversold: Says Skybridge’s Founder Scaramucci

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  • The investment fund’s owner expressed at the conference his views about cryptocurrencies and bitcoin. Scaramucci stated that the crypto is “technically oversold”. 
  • Scaramucci reported that he was at first very skeptical regarding bitcoin. Anyway, he soon got piqued into the world of blockchain
  • Scaramucci replies to all of those crypto-world problems by saying- “I’ve seen those mistakes being made several times”.

Scaramucci At The Conference

On Thursday, during an event at the Collision Conference, Toronto, which aims to bring together the world’s best leaders, top tech speakers, and top media,  there was a segment when the host conversed with Skyline’s founder Anthony Scaramucci.

The investment fund’s owner expressed at the conference his views about cryptocurrencies and bitcoin. Scaramucci stated that the crypto is “technically oversold”. 

Scaramucci provided a totally different perspective on the subject by saying that in the future, the investors will see Bitcoin (BTC) as a “very cheap asset that we can take advantage of because of certain people being over-leveraged in the system.”

Statements Regarding Bitcoin

Scaramucci reported that he was at first very skeptical regarding bitcoin. This is due to various reasons like:

  • Scalability
  • Mass-adoption
  • Security
  • Transaction-speed
  • Verifications

Anyway, he soon got piqued into the world of blockchain when he found himself emerging in discussions regarding a digital currency for the USA, called USDC.

ALSO READ – Isn’t it obvious the raising concerns of crypto’s future given the ongoing market crash?

We all know about the Terra-Luna Crash, the stablecoin, which de-pegged from its value eventually crashing down to zero, and the liquidity problems with the crypto hedge fund 3AC (Three Arrows Capital).

Scaramucci replied to all of those crypto-world problems by saying- “I’ve seen those mistakes being made several times”.

Steve Anderrson
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