SkyBridge Capital founder Anthony Scaramucci believes it is the right time to invest in Bitcoin.
According to Scaramucci, investors should create a 3-5 year time frame, ignoring short-term price movements.
SkyBridge Capital CEO Talks About BTC
Anthony Scaramucci, founder of asset manager SkyBridge Capital, said that Bitcoin may have approached the bottom and therefore it is time to invest.
Speaking at the World Economic Forum in Davos, Scaramucci said long-term investors should maintain a three to five-year outlook and not dwell on daily performance.
“I encourage people to invest right now. We are closer to the bottom than we are to another peak.”
SBF bought 30% of the shares of SkyBridge Capital, which has $2.2 billion in assets under management. According to Scaramucci, the company bought $10 million worth of FTT and sold it at an estimated loss of $9.6 million.
The company is debating whether to buy back its currently bankrupt FTX’yen shares.
Scarmaucci stated that although SBF turned out to be a swindler, he cannot be held responsible for the trouble his company and crypto markets are experiencing.
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