• Skybridge Founder Anthony Scaramucci believes Bitcoin’s intrinsic value is currently undervalued and predicts explosive returns as adoption grows.
• He made this comment in response to being asked about SkyBridge’s stance on crypto after the FTX collapse.
• Scaramucci said that SkyBridge has not changed its portfolio at all, which has already yielded rewards despite the scandalous collapse of FTX.
Skybridge Founder Believes Bitcoin Undervalued
SkyBridge founder Anthony Scaramucci said during a Bloomberg TV interview that Bitcoin’s actual intrinsic value is around $40,000 and the flagship crypto is currently trading at an almost 50% discount. He made the comment in response to being asked whether SkyBridge still believes in crypto after the FTX collapse or if the firm is looking to pivot into new investment avenues.
Best Performance Since 2013
Scaramucci added that the past four months have been the best for SkyBridge since 2013. The SkyBridge founder said he will stick with Bitcoin and SkyBridge has not changed its portfolio at all, which has already yielded rewards despite the scandalous collapse of FTX.
Sticking With Crypto
Scaramucci said that he will stick with Bitcoin and does not plan on changing their portfolio at all despite recent events such as the FTX collapse. He believes that this strategy has already yielded good results for them so far and predicts more rewards as adoption grows.
Skybridge Stays Positive
Despite recent events, Scaramucci remains positive about cryptocurrency investments. He believes that there are still many potential gains to be had from investing in crypto assets, especially now when they are trading at a discount compared to their intrinsic value of $40,000 per coin according to him.
Overall, it appears that Anthony Scaramucci remains bullish on cryptocurrency investments despite recent events such as the FTX collapse and other market disruptions. His opinion shows how confident he is in this asset class and his belief in its long-term prospects for growth makes it a valuable perspective worth noting for serious investors who are considering investing in cryptocurrencies.