Anthony Scaramucci, founder and CEO of SkyBridge Capital’s investment management fund, is Bitcoin, Ethereum, and other digital currency lovers. He said why he remains optimistic about Bitcoin and Ethereum in the latest broadcast of CNBC’s Squawk Box on June 13, while crypto critic Peter Schiff jokes about his appearance and his bullish speech as the crypto market continues to decline.
Bitcoin is quality
In addition to the typical bloodshed of crypto-driven crypto markets, Scaramucci said he was pleased that Bitcoin controlled more than half of all crypto markets.
It’s just another indication that “there’s a plane going to a point there,” as he puts it. He described the current killings as a result of the Federal Reserve’s decision to raise interest rates by 1-2 percent, as well as additional market pressure caused by Celsius’ situation.
SkyBridge’s CEO compared the current scenario to six weeks ago, when Bitcoin and the rest of the market crashed owing to rising interest rates and the Terra network’s failure, as well as its LUNA and UST currencies, which lost their USD share.
Skybridge buys additional Bitcoin and Ethereum
Anthony Scaramucci also compared the current sales and business collapse of web1 in 2000, when almost all stocks of online companies, with the exception of Amazon, declined.
He advised investors to stay focused. Scaramucci said SkyBridge Capital bought more Bitcoin with Ethereum when asked by host Andrew Dorkin that it meant “buying a dip.”
In addition, the capital is invested in FTX trading, which he describes as a successful business.
Read more: Peter Schiff clears his stance on “buy the dip” strategy for bitcoin
