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SkyBridge Capital CEO: IT Companies’ Shares Have Fallen More than BTC

ByLouis Adams

Jan 3, 2023
Reading time: < 1 minute

According to SkyBridge Capital CEO Anthony Scaramucci, Bitcoin has suffered less damage compared to the shares of some technology giants.

He has said whereas the largest digital currency fell by 64% in annual terms, Tesla shares fell by 69%.

He has established a connection between the dominance of negative sentiment in the crypto sphere and the bankruptcy of many blockchain companies. However, he has said that BTC has survived as an asset class, and this is a positive signal for the market.

According to him, Bitcoin is gradually maturing, and more and more investors are beginning to consider cryptocurrency as a promising tool.