Skybridge Capital’s founder and managing partner Anthony Scaramucci, a former White House communications director under the Trump administration, recently appeared on The Dealmaker Show, a fast-paced and high-energy forum hosted by bestselling author Oren Klaff. During the podcast, Scaramucci provided his outlook on the current state of the cryptocurrency market and how he expects bitcoin’s value to move in the coming years as the token’s long-term utility continues to take shape. “I think it’s too soon [for bitcoin] to be categorized as [an asset class, a store of value or a transfer of value]. I think that, 10 years from now, I’d like to tell you that it’s going to be a store of value. You can certainly look at its trajectory and say that it’s done a good job of storing value,” Scaramucci explained. “It has a lot of volatility to it, so that gets people concerned. If you take a 30,000-foot view and look at where bitcoin was in 2013 and where it is today, it’s certainly been a magnificent performer, but I think that there’s something else going on.”
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About Skybridge Capital
SkyBridge is a global multi-asset class alternative investments firm, specializing in hedge fund solutions and opportunistic investment vehicles. SkyBridge manages commingled fund of funds, separately managed accounts, a Bitcoin fund, an Opportunity Zone REIT and a series of SPVs investing in late-stage private technology companies. SkyBridge was founded in 2005 by Anthony Scaramucci. The SkyBridge investment team pioneered a high-conviction approach to alpha generation, expressed through a thematic and opportunistic investment style for fund of funds. The firm maintains a rigorous and disciplined process for manager selection, portfolio construction and portfolio turnover. SkyBridge also produces a large annual thought-leadership event in the U.S. known as the SkyBridge Alternatives (“SALT”) Conference. For more information, visit www.Skybridge.com.
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