Bitcoin

SkyBridge Capital invested $ 182 million in bitcoin

SkyBridge Capital, founded by former Donald Trump press secretary and ex-White House communications director Anthony Scaramucci, has invested $ 182 million in bitcoin.

Last week it became known that the investment company SkyBridge Capital filed an application with the US Securities and Exchange Commission (SEC) to register a fund for bitcoin called “SkyBridge Bitcoin Fund LP”. Investors will have access to the fund from January 4, and the minimum investment amount will be $ 50,000.

SkyBridge Capital views BTC as a new asset class that has become less risky in recent years. Bitcoin has a positive trend in supply and demand. In addition, the first cryptocurrency began to be in demand among retail and institutional investors. 

This is due to low interest rates on deposits and “unprecedented money printing”, creating conditions for the growth of inflation. As a result, the value of scarce assets – gold, real estate and art objects – increases. SkyBridge Capital believes that Bitcoin is one of these assets.

“Bitcoin is digital gold. It’s even better than regular gold, ”the company said.

SkyBridge Capital management is confident that in the near future hedge funds, public companies, insurance companies, pension funds, banks and brokerage firms will invest in bitcoin. According to Scaramucci, companies need to realize now that Bitcoin is a store of value. 

SkyBridge analysts have conducted research and have suggested that given the amount of money in circulation, BTC will become a strong asset class in the next ten years. The company joined the ranks of the first institutional investors to consider Bitcoin as a hedge against risk.

Larry Fink, CEO of BlackRock investment firm, also believes that bitcoin can indeed become an international asset. And the managing director of Citibank has suggested that by December 2021, the first cryptocurrency will reach $ 318,000.

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