Anthony Scaramucci is enthusiastic about Bitcoin and encourages investors to be patient as the market declines
Anthony Scaramucci is the founder and CEO of the SkyBridge Capital Wealth Management Fund and is keen on Bitcoin, Ethereum and other digital currencies.
In an interview on a recent episode of CNBC’s Squawk Box, he clarified why he remained bullish on Bitcoin and ETH, but crypto critic Peter Schiff said he was as the crypto market continued to plummet. Mocking his appearance and bullish speech.
Bitcoin’s “Escape to Quality”
Scaramucci continues to be encouraged by the fact that Bitcoin holds more than 50% of the total capital of the crypto market, despite the overall massacre in the crypto market led by Bitcoin. I said there is.
“There is an escape to quality,” he said. He explained the current bloodshed as the Federal Reserve raises interest rates by 1-2% and the situation in Celsius puts more pressure on the market.
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The SkyBridge manager compared the current situation with the situation six weeks ago. At this time, Bitcoin and the entire market were down due to historic interest rate hikes, the collapse of the Terra network, and the loss of its coins, LUNA and UST. That USD peg.
“I am encouraged by that fact #Bitcoin More than 50% of the total #crypto Current market capitalization is another sign that there is an escape to quality. ” @Scaramucci.. “I encourage people to stay disciplined. We bought more $ BTC When $ ETH.. ” pic.twitter.com/5gzOytm4N5
— Squawk Box (@SquawkCNBC) June 13, 2022
SkyBridge buys more BTC and ETH
Anthony Scaramucci also compared the current sale with the collapse of the web1 company in 2000, when stocks of almost all Internet companies except Amazon plummeted.
He encouraged investors to stay disciplined. When answering host Andrew Dawkin, if that meant “buying a dip,” Scaramucci admitted that SkyBridge Capital bought more Bitcoin and Ethereum.
What’s more, the fund is invested in the FTX exchange, which he called a profitable company.
Peter Schiff commented on Scaramucci’s speech
Well-known Bitcoin critic Peter Schiff explained that CNBC had the appearance of BTC Bruce Karamucci in the bloodbath of the crypto market in an attempt to “pump Bitcoin.”
He tweeted that CNBC has once again announced a “normal Bitcoin pumper”. According to Schiff, Scaramucci was invited to speak to prevent investors from jumping on the ship and selling the crashed code.
As #Bitcoin Sinks below $ 24K with no visible bottom, @CNBC Pull out a regular Bitcoin pumper like a contributor @Scaramucci To jump the ship and prevent the viewer from doing the right thing. I suspect CNBC is inviting one Bitcoin bear on the air today to the other side.
— Peter Schiff (@PeterSchiff) June 13, 2022
“After all, Bitcoin goes to the moon”: Schiff
Schiff today released several tweets related to Bitcoin and its plunge. In one of them, he ironically stated that Bitcoin actually goes to the moon. The only thing is that BTC is heading there from Pluto.
Landing does not soften when BTC crosses the moon and hits Earth. As U.Today reported on Sunday, Schiff expects Bitcoin to drop to $ 20,000 and Ethereum to drop to the $ 1,000 level.
Looks like #Bitcoin I will go to the moon after all.Problem of #HODLers It means that he started his journey on Pluto. After shooting over the moon, we are heading straight toward the earth. Don’t look for a soft landing!
— Peter Schiff (@PeterSchiff) June 13, 2022
