In CNBC’s interview, Scaramucci, the CEO of Skybridge Capital advised investors to invest in bitcoin for the long run. He also discussed his views pertaining to the market and the causes of the recent meltdown, which he believes is not a reason for concern.
He advised bitcoin investors to take a little break from the market, recommending they focus on long-term investing rather than what the market is doing right now.
The bitcoin bear market has undoubtedly shaken investors to their core. This is illustrated by the Fear & Greed Index’s plunge into the extreme fear zone, hitting as low as 11 on the scale.
Investors are justifiably concerned about the market and what the coming weeks, and, by extension, months, may hold for them. If this is the start of a bear market, the next bull run might take another two years. Anthony Scaramucci also served as the White House Director of Communications from July 21 to July 31, 2017.
