Anthony Scaramucci, founder of SkyBridge Capital, a global investment company based in New York City, United States, was interviewed by CNBC to talk about the current situation in the cryptocurrency market. The businessman compared the current market with the collapse of the bubble of the dot com in the 2000s.
In the interviewScaramucci advised investors to “stay disciplined and look for long-term opportunities.” Also, recommended buying digital assets during this cryptocurrency market downdraft.
“People will look back on this debacle and say, ‘I wish I had fresh money to buy that,'” the businessman said. Furthermore, he added that the market could “go down a little bit more” but that there will be plenty of buying opportunities.
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The founder of SkyBridge Capital noted that further adoption of cryptocurrencies will lead to long-term gains for the “survivors” of the digital asset market. He reported in the interview that his fund is collecting bitcoin (BTC) and ether (ETH) “with any incremental cash” that comes through the investment gate.
Looking at the market more broadly, Scaramucci predicted that inflation would ease later in the year and “bottlenecks” in supply would ease.
“I still think the future is very bright and you have to see through the current morass of the market to see that future.”
Anthony Scaramucci, founder of SkyBridge Capital.
Scaramucci added that, later this year, as conditions improve, “you will say to yourself ‘thank God I stayed there’ or ‘thank God I bought in this treacherous environment.'” This means that later, when the bear market comes to an end, Many of the investors who don’t sell their bitcoins will now be thankful that they made a good decision.
“Bitcoin buyers need to calm down”
Since the beginning of 2022, Anthony Scaramucci declared himself a fan of bitcoin and gave his opinion on the sentiment in the cryptocurrency market, as reported by CriptoNoticias. For the entrepreneur, investors must “take a pill” and see the picture from another point of view.
The former White House communications director spoke in a previous interview with CoinDesk TV that more companies should include bitcoin (BTC) in their accounting, as reported by CriptoNoticias. Scaramucci added that he preferred to be cautious, given that the majority of his 29,000 customer base were not totally enthusiastic about cryptocurrency.
To understand the context in which the businessman makes these statements, it is necessary to know that the price of bitcoin is in figures that have not been seen since 2020, as reported today by CriptoNoticias. Since yesterday morning, the fall of the digital asset began to intensify.