Anthony Scaramucci, founder of investment firm Skybridge, shared his thoughts on investing in Bitcoin short term. Speaking in a recent interview with CNBC, Scaramucci admitted that investing heavily in Bitcoin in the short term was a mistake.
Scaramucci: Investing in Bitcoin Short Term Is A Mistake
Anthony Scaramucci, founder of the Skybridge investment company and one of the first to come to mind when it comes to a famous financial expert, has the idea that he will make a profit in the largest cryptocurrency in the long run. In fact, Anthony Scaramucci stated that Bitcoin investment would not be very healthy.
In addition, Antoino Scaramucci made the following statement;
“I want to measure Bitcoin investment over a four-year range. If you’ve held Bitcoin over a four-year cycle, I think you’ve made good money. Bitcoin has been negatively affected by the recent interest rate hikes, but I believe that the stance of the central banks system can be changed by the end of the year.”
Scaramucci thinks that cryptocurrencies will not be in a position to have an impact on the future.
According to data from CoinGecko, Bitcoin has gained 2.3 percent in the last 24 hours. Bitcoin, which was traded at $23,470.94 as of the writing of the news, has gained 14.1% value to its investor in the last 7 days.
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