Skybridge Founder Advises How to Survive Crypto Bear Market — 'We Are in a Bloodbath'.
14 Jun 2022, 08:00
Skybridge Founder Advises How to Survive Crypto Bear Market — ‘We Are in a Bloodbath’
Anthony Scaramucci, the founder of Skybridge Capital, a $3.5 billion asset management firm, has some advice for crypto investors on how to survive a bear market and a crypto bloodbath.
Scaramucci on How to Survive Crypto Bear MarketSkybridge Capital founder Anthony Scaramucci shared his bitcoin outlook and advice on how to survive the crypto market sell-off in an interview with CNBC Monday.“We are in a bloodbath,” he said. “This is my eighth bear market. I expect to survive this one as well.” Scaramucci opined:
I am encouraged by the fact that bitcoin is above 50% of the overall crypto market cap right now, which is another sign that there is a flight to quality there.