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SkyBridge Capital Refocuses Portfolio on Digital Currencies

ByLouis Adams

Apr 26, 2022 #Bitcoin
Reading time: < 1 minute

The founder of the SkyBridge Capital, Anthony Scaramucci, has said in an interview with Bloomberg that the fund plans to reorient the lion’s share of its capital to digital currencies. Thus, he will become one of the largest cryptocurrency managers.

SkyBridge was founded in 2005. At the end of 2020, this fund invested part of the capital in Bitcoin for the first time. The amount of assets he manages is about $7.3 billion.

Scaramucci has said that SkyBridge Capital will focus almost entirely on digital currencies, as it sees them as one of the most promising instruments.

The coronavirus pandemic has exacerbated the situation in the world and increased the risks associated with financial uncertainty. That is why there is a need to buy independent assets such as bitcoin and other virtual currencies.