GameStop Investing Craze ‘Proof of Concept’ for Bitcoin Success, Says Scaramucci
A campaign by members of a Reddit investor forum have caused GameStop stock to spike to record levels in the last week.
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Anthony Scaramucci sees recent GameStop price action as proving Bitcoin's larger thesis of decentralizing and democratizing finance.
The New York-based Skybridge Capital cofounder, Anthony Scaramucci, recently explained that this week’s Gamestop fiasco is positive for the global cryptocurrency bitcoin. Scaramucci’s statements follow the global investment manager’s recent dive into the crypto economy by gathering exposure to over $300 million worth of the cryptocurrency. Skybridge Capital Cofounder Says Gamestop Stock Activity Bolsters the Concept of Bitcoin The recent Gamestop stock saga has shown the world the power of social media and financial technology combined. Meme lords, Redditors, Discord....
Skybridge Capital’s Anthony Scaramucci is once again making waves in the bitcoin market. This time, with the predicted value of bitcoin which he put at one of the highest ever seen in the space. For Scaramucci, investing in bitcoin has been a no-brainer, taking both a personal and corporate stake in the digital asset. However, […]
Anthony Scaramucci, CEO of Skybridge Capital, a multi-asset class investment firm, says he thinks the institutional investment boom in cryptocurrencies has been greatly exaggerated. In an interview given to Bloomberg last week, Scaramucci stated that most institutions are still not interested in cryptocurrency as an investment and that only 10% are actively investing in crypto.
Anthony Scaramucci Thinks Institutions Are Still Not Big on Crypto
Anthony Scaramucci, CEO of Skybridge Capital, thinks there is still a long way until bitcoin and cryptocurrencies are embraced by....
The bitcoin downtrend has no doubt rocked investors to their core. This is evidenced by the decline of the Fear & Greed Index into the extreme fear territory, reaching as low as 11 on the scale. Investors, understandably, are wary of the market and what the next few weeks, and by extension, months, may hold for them. If this is the beginning of a bear market, then there could be another two-year wait to the next bull rally. Anthony Scaramucci has however urged bitcoin investors not to despair during this time. Despite the market crash that sent the digital asset to six-month lows,....