The founder and managing partner of SkyBridge Capital, Anthony Scaramucci, told CNBC in an interview that he likes Ethereum (ETH), but for now he will focus on Bitcoin.
According to Scaramucci, the price of Ethereum will continue to rise in the future, making the second-largest cryptocurrency an attractive store of value.
“The technology underlying the blockchain project will expand its range of applications,” added Scaramucci.
The head of SkyBridge Capital did not rule out the possibility of his company launching an Ethereum-based fund.
“We will launch an Ethereum fund when we understand that there is sustained demand for this service,” he clarified.
Although Scaramucci believes in Ethereum’s potential, he says Bitcoin remains a priority for institutional investors.
Earlier in an interview with Decrypt, Scaramucci said that he is fully focused on the leading crypto asset as the undisputed leader.
Earlier, SkyBridge began investing in Bitcoin in the autumn of last year, and by December the investments had reached $182 million. In January, the firm launched a fund based on the leading cryptocurrency with assets of $310 million.