Skybridge Capital’s Crypto Investments Rise by 130%, Says Founder Anthony Scaramucci

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By BitcoinWiki News

Key Takeaways:

– Skybridge Capital reported a 130% increase in cryptocurrency investments
– Anthony Scaramucci shared the returns in a recent interview, citing the success of Skybridge’s Coin Fund
– The fund has seen a rise of around 130%, with Bitcoin-focused funds increasing by approximately 127%
– Scaramucci emphasized his belief in the continued growth of cryptocurrency investments, citing global adoption and the increasing prevalence of digital wallets
– He predicted that these factors would contribute to pushing prices higher throughout 2024
– Scaramucci recommended a conservative exposure to cryptocurrencies for individual investors, suggesting a 1-3% allocation, possibly going up to 5% for those seeking a more aggressive strategy
– He expressed confidence in the resilience of cryptocurrencies, even in the face of potential challenges such as regulatory actions by figures like SEC Chair Gary Gensler
– Scaramucci explained the challenge of maintaining a diversified portfolio when a single investment experiences significant growth, likening it to Warren Buffett’s statement about not trading a valuable asset for multiple less valuable players and calling it diversification
– Scaramucci addressed the remarks of JPMorgan CEO Jamie Dimon regarding Bitcoin, pointing out that Bitcoin operates on a fully decentralized network, making it impossible to be shut down
– Dimon has been a vocal critic of bitcoin in the past, referring to it as a “hyped-up fraud” and comparing it to a “pet rock”, despite JPMorgan’s active engagement with blockchain technology and various blockchain projects.


Skybridge Capital reported a 130% increase in its cryptocurrency investments due to the recent surge in prices. Founder Anthony Scaramucci highlighted the success of the company’s Coin Fund, citing a rise of around 130% and approximately 127% for their Bitcoin-focused funds. He expressed confidence in the continued growth of cryptocurrency investments, predicting higher prices throughout 2024. Scaramucci recommended a conservative exposure to cryptocurrencies for individual investors, suggesting a 1% to 3% allocation, possibly going up to 5% for a more aggressive strategy. He also addressed the challenges of maintaining a diversified portfolio when a single investment experiences significant growth, comparing it to a statement made by Warren Buffett. Scaramucci also addressed the remarks of JPMorgan CEO Jamie Dimon regarding Bitcoin, highlighting the decentralized nature of Bitcoin and JPMorgan’s engagement with blockchain technology.

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