The founder of Skybridge Capital shared his stance on Crypto market potential and noted that they are bullish on crypto growth in the long term.
SkyBridge Capital is a global investment firm based in New York City, United States. It is run by founder Anthony Scaramucci, Brett S. Messing, Raymond Nolte, and Troy Gaveski. This investment firm provides multiple class assets investment services for its clients.
Recently Anthony Scaramucci talked with Bloomberg at the annual SkyBridge Alternatives Conference (SALT). Skybridge founder said that finally, his investment company is becoming “a leading cryptocurrency asset manager and adviser”.
Anthony noted that Covid-19 Pandemic forced the company to think about rearranging the portfolio because the company saw huge losses in the government deficits. So due to such high volatility and uncertainty in such high-level assets, we have to think about crypto.
“We decided the pandemic that we had to relitigate our entire portfolio. There’s a pre-pandemic world and a post-pandemic world, and a post-pandemic world has a lot more government deficits—it has a lot more uncertainty related to growth.”
According to Skybridge Capital, cryptocurrencies are denoting huge potential, no matter how much volatility is there but in the long term, these have better results.
“For us, we think the cryptocurrency markets represent tremendous growth. It comes with volatility, certainly, but I think over the three to five years, we’d like that trajectory.”
Covid pandemic, Bitcoin & Crypto
Due to Covid-19, In the last few years, the world saw a huge economic downfall and also huge inflation that forced cryptocurrencies like Bitcoin, and Ethereum to evolve as the best asset against inflation.
At present, almost every big company is trying to go with Bitcoin-like things as an alternative safe asset investment. In particular, Microstrategy, Coinbase, Tesla, and also many companies are investing in Bitcoins.
Even a central American country El Salvador adopted Bitcoin as Currency in September of last year and also accumulated Bitcoin on the country’ reserved fund.