The Founder of SkyBridge Capital Discusses Strong Returns on Investments
Anthony Scaramucci, the founder of SkyBridge Capital, reveals that the firm has experienced strong returns on its investments thanks to Bitcoin (BTC) and Solana (SOL), a competitor to Ethereum (ETH). In an interview with Bloomberg Television, Scaramucci highlights that October 2023 has been the best month in SkyBridge Capital’s history, attributing this success to the rebound of BTC and SOL.
Scaramucci emphasizes the importance of staying invested in assets and maintaining a long-term focus. He mentions that SkyBridge Capital has not sold any Bitcoin but instead accumulated more at lower prices, which has proven beneficial for both the company and its clients. Additionally, Scaramucci expresses a desire to repurchase the 30% stake in SkyBridge Capital that was acquired by FTX, a bankrupt crypto exchange in 2022.
Bitcoin and SOL Price Update
As of now, Bitcoin is trading at $34,553, while SOL is valued at $45.20 with a 25% increase in price for the day.
Hot Take: SkyBridge Capital Benefits from BTC and SOL Performance
SkyBridge Capital has experienced significant returns on its investments due to the performance of Bitcoin and Solana. Anthony Scaramucci highlights the rebound of these assets as a key factor in the firm’s success. He advises investors to stay committed and focus on long-term goals rather than being swayed by short-term fluctuations. Scaramucci also expresses interest in repurchasing a stake in SkyBridge Capital that was previously acquired by FTX. The positive performance of Bitcoin and SOL demonstrates the potential for substantial returns in the crypto market.
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