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Skybridge Founder: Bitcoin Halving Not Priced in — BTC Has ‘a Lot More’ Upside

Skybridge Founder: Bitcoin Halving Not Priced in — BTC Has ‘a Lot More’ UpsideSkybridge Capital founder Anthony Scaramucci remains bullish on bitcoin, dismissing the notion that the potential benefits of the upcoming halving are already priced in. He emphasized that bitcoin has significant room for further growth, noting that the crypto could “trade to half of the valuation of gold,” which translates to a potential six to tenfold […]

The Runes Economy: Navigating the Booming Market of Bitcoin-Derived Tokens

Anthony Scaramucci Says Bitcoin Is at ‘March of 1999’ Stage of Adoption – Here’s What He Means

Anthony Scaramucci Says Bitcoin Is at ‘March of 1999’ Stage of Adoption – Here’s What He Means

Hedge fund veteran and SkyBridge Capital chief executive Anthony Scaramucci says Bitcoin (BTC) is still in the very early stages of adoption. In a new interview with CNBC, Scaramucci predicts Bitcoin’s global adoption will continue to increase in the coming years, leading to massive network growth. He compares Bitcoin’s current adoption rate to the early […]

The post Anthony Scaramucci Says Bitcoin Is at ‘March of 1999’ Stage of Adoption – Here’s What He Means appeared first on The Daily Hodl.

The Runes Economy: Navigating the Booming Market of Bitcoin-Derived Tokens

Skybridge Capital’s Anthony Scaramucci on Warren Buffett Buying Bitcoin: ‘Never Say Never’

Skybridge Capital’s Anthony Scaramucci on Warren Buffett Buying Bitcoin: ‘Never Say Never’Anthony Scaramucci, the founder and managing partner of Skybridge Capital, has commented on the potential for Berkshire Hathaway, the holding conglomerate founded by Warren Buffett, to buy bitcoin. While acknowledging Buffett’s negative stance on crypto, Scaramucci believes it’s still a possibility. ‘Never say never,’ stated Scaramucci. Skybridge Capital’s Anthony Scaramucci on Berkshire Hathaway Putting Money […]

The Runes Economy: Navigating the Booming Market of Bitcoin-Derived Tokens

Anthony Scaramucci Doubles Down on Bitcoin Prediction, Says $170,000 BTC Target Is ‘Conservative’ – Here’s Why

Anthony Scaramucci Doubles Down on Bitcoin Prediction, Says 0,000 BTC Target Is ‘Conservative’ – Here’s Why

Skybridge Capital founder Anthony Scaramucci is doubling down on his “conservative” six-figure price prediction for Bitcoin (BTC). In a new interview with Bloomberg Television, the hedge fund veteran says that he continues to believe that the crypto king could hit a cycle top of at least $170,000 months after the halving event in April which […]

The post Anthony Scaramucci Doubles Down on Bitcoin Prediction, Says $170,000 BTC Target Is ‘Conservative’ – Here’s Why appeared first on The Daily Hodl.

The Runes Economy: Navigating the Booming Market of Bitcoin-Derived Tokens

SkyBridge Capital’s Anthony Scaramucci Says Bitcoin and One Ethereum Rival Have Boosted the Firm’s Returns

SkyBridge Capital’s Anthony Scaramucci Says Bitcoin and One Ethereum Rival Have Boosted the Firm’s Returns

The founder of SkyBridge Capital says that Bitcoin (BTC) and one Ethereum (ETH) competitor have helped the firm see strong returns on its investments. In a new interview on Bloomberg Television, Anthony Scaramucci says that October 2023 was the best month SkyBridge Capital has had on record due to BTC and smart contract platform Solana […]

The post SkyBridge Capital’s Anthony Scaramucci Says Bitcoin and One Ethereum Rival Have Boosted the Firm’s Returns appeared first on The Daily Hodl.

The Runes Economy: Navigating the Booming Market of Bitcoin-Derived Tokens

Scaramucci leads bidding for Silicon Valley Bank VC arm: Report

Anthony Scaramucci’s SkyBridge Capital is among the asset management firms leading the bids for Silicon Valley Bank’s venture capital arm, with a sale expected in the coming weeks.

SVB Financial Group, the former parent company of Silicon Valley Bank is getting closer to a deal that will see the institution sell its venture capital arm SVB Capital.

According to a Sept. 15 report from the Wall Street Journal — citing sources familiar with the matter — Anthony Scaramucci’s SkyBridge Capital and Atlas Merchant Capital are jostling with the San Francisco firm Vector Capital in the final stages of the bidding process.

Sources claimed that SVB’s venture capital arm could be sold off for between $250 million and $500 million, but warned that a final sale is not guaranteed and that it would still require the review of the creditor’s committee.

A decision on the sale is expected to come before the court in the coming weeks.

Notably, SVB Capital was not included in the SVB's overarching Chapter 11 bankruptcy proceedings, and the bank reportedly said that the outfit would continue its “ordinary course operation” of business despite being put up for sale.

SVB Capital is an investment capital platform that conducts a wide range of investments, including the backing of other major Silicon Valley venture capital firms such as Sequoia and Andreessen Horowitz (a16z).

As of December 2022, SVB Capital held $9.5 billion in assets across 20 funds and 760 companies, including blockchain analytics service Chainalysis.

SVB Capital holdings overview as of December 2022. Source: SVB Capital

Meanwhile, Scarammuci’s SkyBridge Capital manages some $1.8 billion in assets. Of that figure, approximately $580 million is held in cryptocurrencies and other digital asset-related investments.

Cointelegraph contacted SkyBridge Capital and SVB Capital for comment but did not receive a reply by the time of publication.

Related: Senators slam bank execs for blaming collapses on crypto, pocketing millions

Earlier this year, Silicon Valley Bank was shut down by California’s financial watchdog on March 10 and filed for bankruptcy on March 17. Prior to its collapse, Silicon Valley Bank was one of the few institutions that offered banking services to crypto companies in the United States.

SVB crumbled alongside other crypto and tech-friendly banks, including Signature Bank and Silvergate Bank, in what was later seen as the worst banking crisis since 2008.

Earlier this year, the investment-banking arm of SVB Financial, known as SVB Securities, sold itself to its founder Jeff Leerink and other senior managers for $100 million.

Magazine: How to protect your crypto in a volatile market — Bitcoin OGs and experts weigh in

The Runes Economy: Navigating the Booming Market of Bitcoin-Derived Tokens

Scaramucci: ‘We’re through the bear market’ as Bitcoin notches up 70% YTD

Bitcoin’s strong start to 2023 is persisting despite numerous headwinds, and is currently outperforming the S&P 500 Index by nearly 60 percentage points.

Following Bitcoin’s (BTC) stellar start to 2023, SkyBridge Capital founder Anthony Scaramucci believes “we’re through the bear market” and expressed confidence in his firm's crypto investments.

However, "the Mooch" qualified the statement by adding, “That is a guess. We don't know.”

In an April 6 interview with Yahoo Finance, Scaramucci noted that Bitcoin has consistently outperformed every other asset class over longer periods of time, saying:

“But any time that you've held Bitcoin in a four-year rolling interval, so you pick the day, hold it for four years, you've outperformed every other asset class.”

Scaramacci also expressed his bullish outlook for the leading crypto by market cap ahead of the next halving cycle, which is set to take place in early March 2024 according to NiceHash.

Halving countdown according to NiceHash.

Bitcoin has historically operated on a four-year cycle, with the start of an upwards trend occurring soon after each halving cycle.

The theory behind the price cycle is that block rewards being halved makes the BTC in existence more scarce, and therefore more valuable.

Bitcoin has recorded gains of nearly 70% in 2023 according to Cointelegraph Pro, increasing from $16,521 to $28,060 compared to the S&P 500 index rising by just over 7% during the same time period.

Bitcoin’s enviable start to 2023 also comes amid what can only be described as poor market and regulatory conditions that may yet weigh down the price.

Crypto institutions based in the United States are struggling to find banking partners and liquidity following the collapse of crypto-friendly banks such as Silvergate, Silicon Valley, and Signature Bank and there are fears that the U.S. is putting into place a policy to prevent banks from interacting with crypto.

Related: Bitcoin ‘faces headwinds’ as US money supply drops most since 1950s

Additionally, the two largest crypto exchanges in the world according to CoinMarketCap — Binance and Coinbase — have both been subject to recent scrutiny from regulators.

Coinbase received a Wells Notice on March 22 notifying of possible enforcement action from the Securities and Exchange Commission, while Binance has been sued by the Commodity Futures Trading Commission after allegedly violating trading and derivatives rules

Yet, despite these events, crypto sentiment remains positive.

The Crypto Fear & Greed Index, an indicator used to measure crypto sentiment, is currently sitting in greed territory and is pushing for highs that haven’t been seen since November 2021 — Bitcoin's all time high.

Crypto Fear & Greed Index (screenshot). Source: Alternative.me

Asia Express: Zhu Su’s exchange did $13.64 in volume akshually, Huobi in crisis

The Runes Economy: Navigating the Booming Market of Bitcoin-Derived Tokens

Anthony Scaramucci’s Skybridge Capital Suffers 39% Loss in 2022 Amid Brutal Crypto Bear Market: Report

Anthony Scaramucci’s Skybridge Capital Suffers 39% Loss in 2022 Amid Brutal Crypto Bear Market: Report

Anthony Scaramucci’s hedge fund, SkyBridge Capital, reportedly suffered big losses during 2022’s crypto winter. According to a new Bloomberg report, SkyBridge’s biggest fund went down 39% on the year due to investments in slumping digital assets and bankrupt crypto exchange FTX. Investors attempted to withdraw 60% of the fund’s capital during the September 30th redemption […]

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The Runes Economy: Navigating the Booming Market of Bitcoin-Derived Tokens

‘Enormously Bullish’ Indicator Suggesting Crypto Rebound, Says SkyBridge Capital CEO Anthony Scaramucci

‘Enormously Bullish’ Indicator Suggesting Crypto Rebound, Says SkyBridge Capital CEO Anthony Scaramucci

The chief executive of hedge fund SkyBridge Capital reportedly says that an “enormously bullish” indicator is hinting at a rebound for risk assets and crypto. According to a new report by Bloomberg, Anthony Scaramucci says that he believes the U.S. Federal Reserve will pause its monetary tightening policies once it reaches its goal, sparking a […]

The post ‘Enormously Bullish’ Indicator Suggesting Crypto Rebound, Says SkyBridge Capital CEO Anthony Scaramucci appeared first on The Daily Hodl.

The Runes Economy: Navigating the Booming Market of Bitcoin-Derived Tokens

Former FTX President Launches New Crypto Venture, Raises $5 Million From Leading Investors

Former FTX President Launches New Crypto Venture, Raises  Million From Leading InvestorsLess than a week ago, Brett Harrison, the former president of FTX US, published a 49-part Twitter thread describing his side of the story when he worked for the disgraced co-founder of FTX, Sam Bankman-Fried (SBF). On Friday, Jan. 20, 2023, Harrison revealed that his new firm, Architect, has raised $5 million from investors such […]

The Runes Economy: Navigating the Booming Market of Bitcoin-Derived Tokens