This segment originally aired on February 10, 2021.
#bitcoin #crypto #AnthonyScaramucci
Yahoo Finance’s Julia LaRoche spoke with SkyBridge Capital founder Anthony Scaramucci about the outlook for bitcoin.
Anthony Scaramucci, the founder of $9.2 billion fund-of-funds SkyBridge Capital, says Bitcoin could “easily trade” at $100,000 per coin in the next 12 months.
In January, SkyBridge, which provides a conduit for the mass affluent and registered investment advisors (RIAs) to invest in the hard-to-reach asset class of hedge funds, launched its Bitcoin Fund L.P. with $25 million of its own capital. The fund has a minimum subscription size of $50,000 and charges an annual fee of 75 basis points.
Scaramucci told Yahoo Finance Live on Wednesday that the SkyBridge Bitcoin fund is “heading towards $100 million” in assets under management.
Scaramucci advised that investor put the size and scale of money they don’t need in the short-term in Bitcoin, which he thinks has “a very big future.”
Scaramucci, who started out as a Bitcoin skeptic before becoming an investor, though not an evangelist, said his message to other money managers is that he believes their performance will be benched off of Bitcoin.
“You’re going to be benchmarked off of Bitcoin, meaning in your mosaic of stocks and bonds and alternatives and gold, there’ll be a few percentage points related to digital currency. And since Bitcoin is the winner of that battle, it’ll likely be Bitcoin. So if you’re not going to be an investor in Bitcoin you’re effectively short Bitcoin,” Scaramucci added.
SkyBridge decided in October to put several hundred million dollars into Bitcoin across its product line. The firm now has just under $500 million in Bitcoin across its investments.
According to Scaramucci, the digital asset has lifted his fund-of-funds’ performance since the depths of the coronavirus pandemic.
“My performance was smashed last year last March as a result of the pandemic. The SkyBridge Series G fund is up 33% since April 1, and some of that frankly has been the move in Bitcoin that we took advantage of in the fourth quarter of last year,” he added.
While Scaramucci is pleased with the progress his firm has made on its Bitcoin fund, he cautioned that it’s a volatile asset.
“Some of what you’re seeing this week is [a] short squeeze, very akin to what would have happened to Tesla, where the non-believers in Tesla were [squeezed] out of their shorts, [the] same thing sort of happening here to Bitcoin,” he said.
Bitcoin (BTC-USD) has surged more than 57% since the beginning of the year. This week, Bitcoin reached record highs of $48,200 after Tesla (TSLA) revealed it bought $1.5 billion worth of the digital currency and that it plans to start accepting bitcoin as payment in the “near future.”
Scaramucci echoed comments given to Yahoo Finance earlier on Wednesday by Michael Saylor, the CEO of business intelligence software company MicroStrategy (MSTR), the first publicly traded company to add Bitcoin to its balance sheet. He thinks more companies will add Bitcoin to their balance sheets amid a macroeconomic backdrop of money printing. What’s more, he argues, Bitcoin is “robustly scaling pursuant to Metcalfe’s Law.”
“I think that’s the dilemma for CFOs right now is they’re watching this dollar production, this proliferation of dollars, they’re saying to themselves, ‘OK, maybe I need to have some of this.’ It’s very fungible. It trades in a liquid manner. It trades in a millisecond. And it is scaling over 100 million people are using Bitcoin today, very likely that a billion people will be using it in five years,” Scaramucci said.
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Given the momentum even 100k sounds like a conservative call
I’m going to listen to mooch because most commenters on YouTube are losers and they give advice that keeps themselves poor. Also I have my own mind about cryptocurrency and mooch’s thesis is closest to it.
Welcome To Digital Perspectives, The Place Where Extreme Wealth & Billionaires Are Made!!!
People will be kicking themselves in few weeks if they miss the opportunity to buy and invest in bitcoin
*+1 ( 2 0 1 ) 5 8 8 – 6 6 7 5*
Thanks for his info, I’ll get to her right away
Bitcoin to the moon
🚀🚀🚀🚀
I lost € 1200 carelessly tradingon a platform then I was referred to Philip Tyler , he helped me recover the loss and made an extra pro fit of € 5,600
Wow 😲 can’t believe you guys know expert Philip too.!?
And then?
It’s a means for rich people to sidestep currency devaluation. They have to and probably do trust each other. There are other ways to stay safe from currency debasement. Real hard assets, real estate, …
If Bitcoin is digital gold. And the government taxes Bitcoin like gold. You may not lose to inflation; but you lose to the tax man. A big windfall for the government. They use inflation to reduce the debt to manageable levels. And they get a windfall from Bitcoin rising. And in many cases rising from a very low level.
So I’m supposed to take financial advice from a dude that got FIRED from the Donald?
One of the biggest DeFi gems to be launched soon but you still don’t know that. You better study HAPI now or you will miss insane gains
Broke Celebrities Like Lindsay Lohan and Grade B rappers are using their names to PUMP AND DUMP our crypto stealing Billions!!! Offshore crypto accounts give them zero taxes!! Elon Musk is part of the 1 percent so ofcourse he would rip us off! In my opinion DUMP DUMP DUMP and never buy TRON or DOGE. Any Celebrity that promotes crypto is stealing form you!
Yes this is the way
yall sound like a propaganda agency of the democrats not a news source.
Never trust anything the mooch says… save your money
Scaramucci is a little con man. Don’t listen to a little rat.
“could” hahahaha, it will, and sooner than you think. I think his views are seriously out of date
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I’m so ready to take an online personal loan and going all in!
That’s insane
This loser that helped elect Alzheimer’s Joe.
Bitcoin price just finally blasted well above 47K for the first time in history. With the leading cryptocurrency by market cap having no clear resistance above it, it has now entered price discovery mode, and where to next is anyone’s guess. I personally think now is the right time to take advantage of the current bull run and make money leveraging trad es rather than just hodlin until the bears take over. I’m not a pro tradr but I was lucky enough to make 25BTC since late last year following the instriuctions and s!gnals from Gavin of cyberhackinggenius. He runs program for investors/newbies who lack understanding on how trad!ng Bitcoin works, to help them utilize the volatility of the crypto market and also stack up more bitcoin. He can be reached via gmail (cyberhackinggenius) and What’s– application (+19256795146) for his assistance. Lets be positive and remain winning.
I’m buying bitcoin
Scaradura era un enjendro del LOCO t. Ahora es analista financiero?.
Scaradura vende!
Hasta donde lo llevarán?
No se pierda el próximo capitulo: Los inmorales no han igualao. 🤡👹💩💩💩💩
It is so sweet the way he thinks he will every be able to wash the Trump off. So darling!
Mooch Who?
There are a huge amount of scams in the Comments. You do not need a Trader to buy bitcoin, that is just stupid and is certainly a scam. You should spend time learning about bitcoin before you buy it.
if they took the time learning about bitcoin they wouldnt buy it. its a speculative asset
$40,000+ to own a line in a database. The lines are limited and have not yet been hacked as far as you know (you don’t). But they are still just lines in a database. They are not worth what you are paying it is pure speculation only. Hence rat poison. Bitcoin is just as Fiat as dollars.
Bitcoin does 7 transactions vs VISA 2000 –
And?
@whatever_it_takes its a giant bubble.
Lol wow such a bold prediction considering it’s in its infancy and it’s almost half that valuation
It’s not really a bold prediction when you understand the basis of scarcity.
@Mike Riley my comment wasn’t serious when you realize the basics of sarcasm
Bitcoin, favorite thing of con artists and scammers
Con artists and scammers hate cash?
Epic 2015 FUD
@whatever_it_takes so epic played out FUD
And Multi millionaires
Bitcoin is sand through your fingers. Money for free come with its own price.
These days if you’re not spending to Recover, then stop Spending 💰
I’ve worked with four traders in the past put None of them is as efficient as I want so I guess it’s time for a change
His info please 🙏🙏
@Jennifer Sheldon +1•••9•••1•••7•••9•••7•••7•••2•••7•••1•••9
@Jennifer Sheldon his availability is on Whats App
Bitcoin increased today and I’ve not I’ve worked with four traders in the past put None of them is as efficient as I want so I guess it’s time for a change
Unpopular opinion: Get rid of the doubts, invest in bitcoins and secure financial stability.
BTC is the future 🚀
@Mr. Jerry Really? 😳 link me to your broker please
@STOCK UP! with LARRY JONES I initially got to meet him through a colleague, tell him you are a friend of Jerry for quick response [officialderrickpayne@gmail.com]
Bitcoins🥵
@Mr. Jerry Thank you 😊
BCH peaks at $732 today, after which it couldn’t maintain the trend as the pr!ce drops and consolidates within the channel. Meanwhile, the pr!ce not staying above $700 ruins the long-term technical picture of the coin. B!tcoin cash will have to move back to $700 to guide against the downward pressure while the closest support expects the coin at $650, which is the daily low. At the moment, the RSI (14) remains within the overbought zone, which indicates that the market follows an uptrend. Looking at the daily chart, the support formed between $700 and $650 provided tight protection which allows the buyers to concentrate on stirring action to the north. However, a comparison to the last B!tcoin market cycle shows that the cloud could rain on the bulls’ parade any time any day, causing the last correction before the bull run begins. This is the time for investors to get into the market and also be on the alert on trades and major news that would affect the pr!ce and find a working strategy for maximum profitability. I have had the opportunity to use Thomas Fuller’s trade s!gnals and he has been an inspiration to me and my trãdęs. His strateg!es and s!gnals has been beneficial to me as an intermediate level trader. Thomas can be reached on Gmïal ( thomasfullerofficial@ gmailcom ) Or Tėlėgråm (Fullertrades) for guidance on any crypto related assistance you require
@Sanne311 wire transfer on Kraken is the easiest for me
Thomas saved me hours of research. I am getting a lot from his services. I am a newbie to Bitcoin but doing pretty well.
Thomas is really someone any trader should be excited to trade with. His signals are extremely accurate and i have benefited so much already under his guidance
As a trader myself, i mostly had few gains and more losses but with Thomas’s signals, i have been in the green consistently.
When i met him last year, I assumed he will be one of those bad signal services but i now know otherwise. I have used a lot but his are the most accurate
He seems very trustworthy.
Snake, he sees that if you put a lot into the market and hold you can push it up. Especially if your hedge fund buddy’s all do the same. Then you hype it and pull out and leave to average joes who unfortunately bought into this holding the loss. It’s absolutely rubbish. Just another way for the rich to screw people with less information
To all the snakes in the comments telling everyone to hold their Bitcoin what are you afraid of. You should want it to go down if you have so much faith in it as then you can buy more. You don’t though because you don’t want to be left holding the bag
More like 1,000,000$
I started using Bitcoin Wallet instead of Bank of America/Meryl Edge, that was 375% return ago 😜⚖🙌
Retrace early emails of the bitcoin founders….21,000,000 each, potential
Metcalfs Law 🤣🤣🤣 old timers need to FORGET EVERYTHING YOU KNEW
Worth nothing
I made like 760,000 😅😅😅😅🤷♂️🤷♂️🤷♂️🤷♂️👏👏
Bitcoin can go up to one million, as long as US government want it to.
Hello you can make àlot from this guy his is great
There is a famous character, a Google search for “signals walter bulls”. He made a fortune for himself back in 2018. Recently, such services have appeared that allow copying the results of professional players. This guy shows how to copy after him automatically using such a service. We must try while the market is on the rise
Why would you put money into this when it’s not tangible and it takes electricity to check the blockchain. What if there’s a power issue? Too much uncertainty to have that much value.
Based on the concerns you have mentioned in all respect you have no idea what you’re talking about
Do your own research instead of dismissing it blindly. I was you once upon a time “magic internet” money, no instrinstic value blah blah blah
It’s essentially an encrypted decentralized energy transferring mechanism, Google the rest
@Maple Sohrab it takes power and electricity to mine and check blockchain. YOU don’t know what you’re talking about. I’m just saying how can something hold this sort of exceptional unique significant value that can be simply affected by volatility of a power outage?
Well the average dope is getting in. Must be near the top of the bullrun
Scarface
It’s not about bitcoin reaching 100k, it’s about when!
September
June
The Mooch would be the worst thing that could happen to Bitcoin. A complete clown. If he was a smart guy, he would have been on this gravy train ages ago.
I used to trade on my own for a long time but I didn’t got any profit .So one day I decided to contact Expect Cischke I saw some good advice about and luckily we were able to be connected, right from that day was the moment I started earning profits from my trade. Since then I realized that there is a great benefit in tra ding.His Ins tagram ; cischketrade or te legram ; cischketrade
Cischkes opened my mind to a lot more poss ibilities in galns with Cry pto. He’s so smart with the mar ket.
y
4.7 btc and as yet including in only 2 months. Kevin Cischke n is the trading lord taking everything into account
I had 5 bitcoins. I was doing okay but I lost my job due to the Virus. Then i heard of a pro trader and advisor KEVIN CISCHKE. I trusted his words and took his advice. i have made over 10 bitcoins using his service.
Thanks for the info, I will message him now
@Julie Haring You are welcome
“Former President Trump ally and now adversary Anthony Scaramucci believes the president will be out of office in a few months,”….. This was from Nov 2019. How did that prediction work out? He says BTC is going to $100k means its going to ZERO.
With all these news going right now about how bitcoin will sky rocket very soon,a lot of people will still very ignorant of it till happens.Investors must remember that bitcoin is not a simple a get-rich-scheme. In reality, it has been, and will continue to be, susceptible to downward price swings – especially when the short-term winners look to withdraw their earnings,While another upwards price run is on the horizon, investors should remain cautious and look to implement a steady risk management strategy.
Bitcoin’s energy consumption has more than quadrupled since the beginning of its last peak in 2017 and it is set to get worse because energy inefficiency is built into bitcoin’s DNA.
Bitcoin’s carbon footprint will get exponentially worse because the more its price rises, the more competition there is for the currency and thus the more energy it consumes.
A lot of people aren’t happy because of the way bitcoin keeps rising.what are the reason for this ?.well I think is ignorance of making an investment into crypto,I was once a fool for not investing into bitcoin the first time I heard about it but am really happy I realized being broke is really bad I decided to start up my investment in crypto.
I truly agree with you on that,I must really say crypto is the future and with the way btc is climbing so high it’s really advisable for one to invest now,because it has been predicted that bitcoin will hit 100k$.
Anyone having mrs pearl Hanson as her portfolio manager is really blessed because it’s profit she keeps making after every trade .
Why listen to just one of the seven dwarfs?? ask sleepy & dopey too
Yea thanks to Salvadoro00 and he’s group on Instagram, I met him on the stock marketing aspect that’s binary/forex trade not bitcoin…so with he’s results then I strongly believe he will be ok in bitcoin trading too📊📊
Yea thanks to Salvadoro00 and he’s group on Instagram, I met him on the stock marketing aspect that’s binary/forex trade not bitcoin…so with he’s results then I strongly believe he will be ok in bitcoin trading too📉
Already working with Salvadoro00 on Instagram second week was the only week I had issue, ever since then
about six months of trading with it’s been profitable and life changing📊
Already working with Salvadoro00 on Instagram second week was the only week I had issue, ever since then
about six months of trading with it’s been profitable and life changing📉📉
Thanks for the insight @salvadoro00 , I remember friends calling me crazy on Instagram when I started investing in bitcoin now I shut them up with my 4 figures weekly returns📈
Thanks for the insight @salvadoro00 , I remember friends calling me crazy on Instagram when I started investing in bitcoin now I shut them up with my 4 figures weekly returns📉
look like the anchor has many bitcoins!!!
well BTC does seem to be the currency of the future.
soon you will see regulations coming in…
My friend was big time bullish on BTC even thou I always told him that it will crash to zero.
He kept buying even when it crashed to 3000s from almost 20, 000.
Today he is a millionaire and I am watching these youtube videos trying to really digest if this is really happening.
Intriguing video, am among those fortunate people who investing with a professional broker Mrs Esther Lawrence during the past covid-19 pandemic has birthed multiple streams of income.
Investing with Mrs Esther through both the rough and good weeks has really been a blessing to me and my family.
Am new to trading, I would like to contact your broker, is this going to be possible?
Honestly I was skeptical at first till i overcame that barrier. Its returns especially during its peak days are just awesome, thanks to the top notch experience of Mrs Lawrence.
@Megan Woodward you can contact her through telegrm
using her username investwithesther
Squozen
100k, 500k… say WHEN you think it s gonna reach 100k
dang she is fiine
Scaramucci is a huge investor, he’s out to sell, sell, sell. What else would a person say if they had big money invested. Of course he wants everyone he can drag in, in. He’s selling the dream. Trillions! Whopeee!
“…These measures worked so well that they fostered unbridled speculation, resulting in Japanese stocks and urban land values tripling between 1985 and 1989. At the peak of the real estate bubble in 1989, the value of the Imperial Palace grounds in Tokyo was greater than that of real estate in the entire state of California.” Investopedia
The guy talk so.much crap about bitcoin a year ago lol.
I had to get some
THE MOOCH!
The thundering sentence startlingly call because reaction spindly consider beside a dangerous room. supreme, jaded begonia
‘Scaramuch … scaramuch … u can do the fandango!’
Stocks are good but i swapped and invested in forex and crypto I’ve been earning much from it
Who has traded with Mr Arthur and made profit? I was told he’s the best broker
I need to think about this I’ll soon retire and I need another source of income
Can I invest now? I’ll be 18 by next year
Please i need advice on this I need to generate income so I can take care of my debts i want to surprise my parents
There are lots of good expert out there but most offers little ROI’s,I’Il advice trading with mrs Jane team as I make over $30,000 on average per month from there trading bots
Hey man , YouTube recommended your video to me and I have to say that I’ve been really surprised quality of your analysis and information . I actually went back and watched some of your old videos and you’ve been spot on . New subscriber here . Great job, thank you 😊
Try 15,000,000
“Squozen out of their shorts” 😆
No one does better than *movingcyber* on *IG*
Almost gave up my lost account untill I found *movingcyber* on *IG* who helped me recover it
My day was made by *movingcyber* on *IG* who helped gained all my lost coins
1 Bitcoin = 100,000,000 Satoshis. Don’t worry about stacking BTC, stack Satoshis aka partial Bitcoin. The dollar can be broken down into cents and Bitcoin can be broken down into Satoshis.
BTC will hit 400k by December 2022
I certainly won’t be a millionaire at the end of this bull run, however I had 45K invested 6 months ago in bitcoin, im sitting at 325K now with 50% in eth and 20% in other alts… so I’m very happy and thankful to Andrew Charles Weber who made this possible, maybe next time I’ll have enough to become a millionaire.
This past month been earning $70,000 weekly having invested $13,000 and working with Andrew Weber’s trading signals.
Meet Andrew first time at a meeting in Las Vegas early 2019. His teachings on trading is fascinating.
Positive remarks is all I have read and heard about this Andrew Weber for a while now. Would try this out with my 3.2 Btc
Keep your position private
Legend
Squozen? New word?
Could reach $100k? Ffs it’s just gone to $55k in a matter of months
Bitcoin is the future, Investing in it now will be the wisest thing to do especially with the current rise
For real it’s very profitable
Bitcoin trading is much different from just saving your coins in your wallet. It involves trading bitcoin under forex
I can’t believe I was able to have $31,000 worth of bitcoin in just 2 months and half of trading with Vicky trading services. I came across some nice comments about him here on YouTube and I gave it a shot! I didn’t believe in bitcoin before
Already working with Vicky second week was the only week I had issue, ever since then
about six months of trading with it’s been profitable and life changing
I never knew there are still kind hearted people like *movingcyber* on *IG* who helped me recover my lost coins
No one retrieve account better than *movingcyber* on *IG*
His really a life saver
$100,000 is low
So, with bitcoin hitting the $56,000 mark, the question on everyone’s mind is: What’s next? What does the future hold in terms of price, regulation and adoption of this “digital gold?” I actually wasn’t left out I started investing with Luís when it was $30,000 and today I I’m benefiting from it. Sir luiz platform actually make you earn 10x the amount you invest in crypto..
Thanks Luiz .+1.8.0.3.5.6.6.0.6.9.7.
be invovled folks
Stocks are going higher daily and you haven’t enroll in one of the funds earn profits investment going on.
That is all? It is nothing compared to how Citibank says Bitcoin could reach $318,000
I just got into bitcoin trading and I made my first profits…I wish I knew about it earlier
Thanks for the recommendation…I have inbox them already
When you start earning remember to do the same to others
@Mohamad krishna Ayush
You’re welcome..I happy to help
There’s no doubt in my mind that we are not only going bull, but BTCis going nuclear. A lot of people are wondering if now is a good time to buy because of where the price is at right now. I’d say it’s outrightly wrong to just sit back hodl and wait maybe incur some losses along the line, that’s a wrong mindset for an investor because as an investor finding ways to always increase and stack up more coins thereby making prof!ts should be the way of life, even experienced traders are in a doubt to take long or short position. I have been more skillful than lucky to be honest also thanks to Raymond who trainedme as my initial investment was multiplied by 5 In two months. After getting in touch with Raymond Anthony an exp:ert in cryptography, who showed me how to use his program to make transactions and got 7 btc in 2 moths with him. if you are looking for a way to increase your portfolio or investment. Raymond TєIєɠramm; [Raymondsam01]
Trade in both stock and crypto but currently I believe crypto is doing better all thanks Anthony!!
If you are new to the markets, I’d advise you get some kind advise or assistance from a financial consultant or Investment coach.
That’s the most ideal way to jump into the market these days without getting losses.
I used to hold BTC and It really messed up my mental health. So for me, trading daily and taking out your profit is the better choice.