Anthony Scaramucci, the head of SkyBridge Capital, believes that Bitcoin has become more dependable and valuable over the years.
Anthony Scacamucci said that the value proposition of Bitcoin has grown substantially as the governments begin to look into regulating the crypto assets.
Anthony Scaramucci Says Bitcoin Investments Safer Now
As per the head of SkyBridge capital and a former Whitehouse investment in bitcoin has become safer and valuable as the infrastructure, technologies, and regulations relating to cryptocurrency have improved. He said that Bitcoin investments are now as safe as owning gold and securities. He said that owning bitcoin is much safer and beneficial now than it was a few years ago.
2020 has been an extremely important year for Bitcoin, as the cryptocurrency attracted massive mainstream attention. The large influx of institutional investments and integration with leading financial players in the industry has propelled the cryptocurrency into the mainstream financial arena.
As the governments begin to pay attention to Bitcoin and digital currencies, the major risks associated with a cryptocurrency like fraud are mitigated. A few years ago, the infrastructures were not as robust, and the foul players could easily hack and barge in the systems. Scaramucci and Brett Messing discussed the role of Bitcoin today as the long term investors consider it as a favorable hedge against the increasing inflation. As the cryptocurrency and Bitcoin space matures, the regulations and infrastructure have also strengthened, giving more viability to Bitcoin. The Skybridge Capital executives talked about the OCC’s recent decision to allow national banks to facilitate cryptocurrency services. Recent popularity has compelled governments to investigate the various threats around virtual money.
SkyBridge Capital filed papers for launching a Bitcoin Hedge fund with the United States Securities and Exchange Commission. The firm invested heavily in Bitcoin last year, and the firm had an exposure of $310 million worth of Bitcoin at the time of the launch of the fund.
Anthony Scaramucci resonated that Bitcoin is a safer and more comprehensive investment than a few years ago.
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