SkyBridge Capital founder reports record profits thanks to Bitcoin

October was probably the best month in SkyBridge Capital’s history. Anthony Scaramucci, the founder of the hedge fund, said this on Bloomberg TV.

Bitcoin had an impressive month. We have a lot of Solana, which rose 70% this month. This is another reminder: don’t swing; stay confident, don’t listen to the noise on the network all day, focus on what you are doing for the long term, — the executive explained.

SkyBridge focused on investments in digital assets about three years ago, the agency noted.

Despite the FTX collapse and a rout in prices, Scaramucci remains confident. He continues to believe in the potential of cryptocurrencies, undiminished even by the move by some of his largest clients to buy back their shares in the structure.

We never sold Bitcoin. […] We accumulated coins over the year at lower prices, and that has benefited us — he said.

In October, Scaramucci said that the first cryptocurrency could easily become an asset with a market capitalization of $15 trillion.

Earlier Bernstein analysts forecast the price of digital gold to rise to $150,000 by January 2025 as a result of approval in the United States of spot Bitcoin-ETF.