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.
Disclaimer
The information discussed by The Coin Magazine is not financial advice. This is for educational and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Do your due diligence and rating before making any investments and consult your financial advisor. The researched information presented we believe to be correct and accurate however there is no guarantee or warranty as to the accuracy, timeliness, completeness. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright The Coin Magazine All rights reserved.
