SkyBridge Capital’s Anthony Scaramucci gives his views on the crypto industry! In a recent interview with CNBC on August 12th, he gave some insights regarding the current situation.
"The improvement of the lightning network, the increase in applications and ease of transactions on #Bitcoin, you're going to see a lot more commercial activity there," says @scaramucci. "If $BTC goes to $300K a coin, it will not matter whether you bought it at $20K or $60K." pic.twitter.com/MSlyFRLm06
— Squawk Box (@SquawkCNBC) August 12, 2022
His Views on ‘The Merge’
Anthony Scaramucci, Founder of SkyBridge Capital, shared his view on the upcoming event, ‘The Merge’, which will happen in September. To add the information, ‘The Merge’ is an upgrade from Proof-of-Work (PoW) to Proof-of-Stake (PoS). The term is also related to the concept of Ethereum 2.0, which is the new version of Ethereum that uses PoS.
He said, “A lot of traders are probably buying that rumor; they will probably sell on the news of that merger, which [is going to] happen in mid-September. I would caution people not to do that; these are great long-term investments.”
His Views on The Crypto Industry
Despite the ups and downs in the crypto industry, the price of Bitcoin (BTC) and Ethereum (ETH) has increased in the last few days, based on CoinMarketCap data.
Anthony Scaramucci has been giving positivity to the crypto industry moving forward. According to him, the crypto markets have been showing a recovery. He also reminded investors not to pull out and to stay patient and long-term.
In the interview, Scaramucci also highlighted the recent partnership between BlackRock and Coinbase.
He stated, “Finally, CEO Larry Fink is seeing institutional demand for digital assets. Otherwise, he wouldn’t be setting up those products, and he wouldn’t be teaming up with Coinbase.”
He ended the interview by saying investors need to relax as he is optimistic about Bitcoin, Ethereum, Solana, and Algorand over the next 12 to 24 months.
Currently, the community is waiting to see upcoming updates on the market.