SkyBridge Capital founder Anthony Scaramucci plans to launch a new crypto fund
Anthony Scaramucci, founder and CEO of SkyBridge Capital, said that Bitcoin may break $170,000 in the middle and late next year. Regardless of the price on the halving day in April, it will reach four times the price within the next 18 months. Regarding the current decline in the price of Bitcoin, Scaramucci said that this is because Grayscale Bitcoin Trust (GBTC), a $26 billion investment trust company, is shifting to a new fund and it took 8 days to determine the impact of the new fund on the price. He added that this will take about 10 trading days. In addition, he announced that Skybridge plans to launch a new fund that combines cryptocurrency tokens and venture capital focused on digital assets.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Lombard and Eigenlayer partner to bring Bitcoin restaking to Ethereum
Monero’s Price Surge Sparks Market Speculation
In Brief Monero's price surged dramatically earlier this week. Experts warn about the risks of sudden price movements in crypto. Suspicious transactions are under scrutiny in the cryptocurrency market.
Tether Secures $770 Million in Gold Reserves for XAUT Cryptocurrency
In Brief Tether has announced a $770 million gold reserve for XAUT cryptocurrency. Each XAUT token is directly backed by physical gold stored in Switzerland. The company aims to enhance transparency with regular audits and improved disclosure policies.
Market Insights: FLOKI and Solana Shine Brightly in Current Crypto Trends
In Brief Inmortal predicts FLOKI is on a long-term rise with impressive gains. Solana's upcoming weeks will reveal significant market trends. Current performance shows SOL outpacing ETH in recent movements.
Trending news
MoreCrypto prices
More
