SkyBridge Capital’s Bitcoin investment reaches $182 million

The investment firm SkyBridge Capital has invested $182 million in Bitcoin, according to an investor brochure cited by CoinDesk. CoinDesk.

The firm, which manages $9.3 billion, will offer access to SkyBridge Bitcoin Fund to prospective clients on January 4, 2021. The minimum investment will be $50,000.

“Bitcoin is digital gold. It is better than the physical metal itself,” the presentation states.

Bitcoin is described as a nascent asset class with an attractive supply-demand balance and risks that are no longer as high.

SkyBridge noted that Bitcoin has gained wider adoption thanks to unprecedented money-printing policies. As a result, a premium formed, akin to that seen in other scarce goods, such as gold, artworks and real estate.

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In addition, the presentation includes quotes from representatives of major Wall Street asset managers, including BlackRock, Citibank and JPMorgan.

According to SkyBridge Capital, hedge funds, treasuries, publicly traded companies, insurers, pension funds, banks and brokerage firms will also invest in cryptocurrency.

Earlier, SkyBridge Capital purchased the first cryptocurrency на сумму $25 млн, and founder Anthony Scaramucci promised to make Bitcoin more accessible, as in the hedge-fund industry a decade ago.

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