DAVOS, Switzerland : SkyBridge Capital is betting on a sustained turnaround in cryptocurrency markets in 2023, the firm's founder Anthony Scaramucci said, while admitting this view was 'overly bullish'.'If bitcoin could trade back to $35,000, SkyBridge is going to have an amazing year,' Scaramucci told th
DAVOS, Switzerland : SkyBridge Capital is betting on a sustained turnaround in cryptocurrency markets in 2023, the firm's founder Anthony Scaramucci said, while admitting this view was"overly bullish".
January's crypto rally could be sustained as 2023's"halving", when the number of new bitcoins released is cut in half, will constrain supply and drive prices higher, he said. SkyBridge has invested in bitcoin, ethereum, solana and altcoin algorand, and is also eyeing the structured credit market to drive 2023 returns after the firm's losses in 2022.
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