{"id":61970,"date":"2022-05-25T12:06:14","date_gmt":"2022-05-25T09:06:14","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=61970"},"modified":"2025-09-05T15:16:51","modified_gmt":"2025-09-05T12:16:51","slug":"anthony-scaramucci-urged-crypto-investors-to-stick-to-quality-assets","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/anthony-scaramucci-urged-crypto-investors-to-stick-to-quality-assets\/","title":{"rendered":"Anthony Scaramucci urged crypto investors to ‘stick to quality assets’"},"content":{"rendered":"

SkyBridge Capital chief Anthony Scaramucci, in conversation with Business Insider<\/a> refrained from making predictions about the trajectory of Bitcoin and market conditions. He urged investors to \\”stick to quality assets\\” and to be prepared for any turn.<\/p>\n

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\\”Everything that you think cannot happen in markets can happen. … The goal is to hold a position for a long time. … The same goes for blockchain technology: if you believe it is the future of financial innovation and it will be used for transactions, then you should own assets such as Bitcoin and Ethereum,\\” Scaramucci said.<\/p>\n<\/blockquote>\n

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In his view, investors should be able to withstand market volatility tied to the sector. One point of concern, he noted, is the lack of market liquidity in cryptocurrencies.<\/p>\n

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As an example, he cited the collapse of the Terra ecosystem<\/a>. In May, the non-profit LFG<\/span> spent from its reserve fund<\/a> about 26.3 million USDT, about 23.5 million USDC and 33,206 BTC to support the TerraUSD (UST) peg to the dollar.<\/p>\n

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Against the backdrop of events surrounding the algorithmic stablecoin<\/a> and the LUNA crash<\/a> Bitcoin prices fell below $27,000<\/a>, and Ethereum tested the level $1,800. Scaramucci noted the Terra incident’s impact on the entire market.<\/p>\n

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At the same time, he noted that SkyBridge Capital had taken a sizable position in Algorand. In September 2021, the firm raised $100 million for a blockchain-focused fund<\/a>.<\/p>\n

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According to the head of SkyBridge Capital, he remained impressed by the project, its founder Silvio Micali, and the community.<\/p>\n

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\\”I like technology. I obviously like cryptocurrencies. I would like to invest in these directions right now, because I think they are very cheap,\\” Scaramucci said.<\/p>\n<\/blockquote>\n

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He also added that he holds a sizeable stake in Coinbase, the Bitcoin exchange. He said the price at around $64 is \\”ridiculously cheap\\”.<\/p>\n

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Back in early 2022, Scaramucci advised hodlers to calm down<\/a> and stay long on Bitcoin and other cryptocurrencies such as Algorand and Ethereum.<\/p>\n

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Subscribe to ForkLog news on Telegram: ForkLog Feed<\/a> \u2014 the full news feed, ForkLog<\/a> \u2014 the most important news, infographics and opinions.<\/p>\n","protected":false},"excerpt":{"rendered":"

SkyBridge Capital chief Anthony Scaramucci, in a conversation with Business Insider, refrained from predicting the trajectory of Bitcoin and market conditions. He urged investors to ‘stick to quality assets’ and to be prepared for any turn.<\/p>\n","protected":false},"author":1,"featured_media":61971,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1254,1138],"class_list":["post-61970","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-anthony-scaramucci","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"13","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/61970","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=61970"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/61970\/revisions"}],"predecessor-version":[{"id":61972,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/61970\/revisions\/61972"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/61971"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=61970"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=61970"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=61970"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}