SkyBridge Capital Purchases Bitcoin Worth $ US $ 25 Million

[Suba]

SkyBridge Capital is an asset management company owned by Anthony Scaramucci, the former White House Communications Director.

A few days ago SkyBridge Bitcoin Fund was registered
in the US Securities and Exchange Commission (SEC). On 23 December 2020.
SkyBridge Bitcoin Fund is traded, the funds raised are
US $ 25 million was invested in Bitcoin.

This hedge fund is only open to accredited investors with a minimum annual income of US $ 200 thousand or institutions with assets of US $ 5 million.

Anthony Scaramucci recognizes Bitcoin as a store of value. Because the supply of fiat money (USD) is growing and Bitcoin is an asset that has the potential to double or triple again, and he doesn't want his customers to fall behind.

 

[Niftyyem]

This is actually very good news. Such large investments can only keep bitcoin price soaring. I would not put it past this investment the brief touch bitcoin had on the $25k mark. I hope to see more of this.

 

[Ltherman]

SkyBridge Capital is an asset management company owned by Anthony Scaramucci, the former White House Communications Director.

A few days ago SkyBridge Bitcoin Fund was registered
in the US Securities and Exchange Commission (SEC). On 23 December 2020.
SkyBridge Bitcoin Fund is traded, the funds raised are
US $ 25 million was invested in Bitcoin.

This hedge fund is only open to accredited investors with a minimum annual income of US $ 200 thousand or institutions with assets of US $ 5 million.

Anthony Scaramucci recognizes Bitcoin as a store of value. Because the supply of fiat money (USD) is growing and Bitcoin is an asset that has the potential to double or triple again, and he doesn't want his customers to fall behind.

Another classic example of institutional finance flushing in funds. If this follows Bitcoin at some point it'll definitely follow ethereum. And this is only getting started as the market is still very nascent there is definitely more to come from where that csme from.