SkyBridge Capital investment fund invested $ 25 million in bitcoin

SkyBridge Capital investment fund invested $ 25 million in bitcoin
CONTENT

  • One of the largest investment funds joined the Bitcoin rally

  • The initial investment was $ 25 million

  • foreign investors will be able to invest in the fund from January 4, 2021

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SkyBridge Capital investment fund invested $ 25 million in bitcoin

Multi-billion dollar investment firm SkyBridge Capital announces $ 25 million investment in bitcoin

American investment company SkyBridge Capital, which manages nearly $ 6 billion, has invested $ 25 million in bitcoin. Anthony Scaramucci, founder of SkyBridge Capital, announced this in an interview with CNBC.

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SkyBridge Capital investment fund invested $ 25 million in bitcoin

According to Scaramucci, bitcoin is still at the very beginning of its journey despite the renewal of its all-time high (a new record is set at $ 24,350 / BitMEX). The head of SkyBridge Capital noted that MicroStrategy’s decision to invest in cryptocurrency helped to see the need to create a new customer-focused product.

Democratizing the crypto market

A new crypto fund called SkyBridge Bitcoin Fund already has an authorized capital of $ 25 million. The minimum entry threshold for investors is $ 50 thousand. Foreign investors will be able to invest in the fund from January 4, 2021, Scaramucci said..

“You either accept bitcoin as a store of value, or you don’t,” said the head of SkyBridge Capital.

Scaramucci stresses that given the volume of the money supply and the global coordination of central banks, bitcoin will be “a very strong class asset for the next ten years.”.

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At the same time, Scaramucci admitted that the company is trying to tune its clients exclusively to long-term prospects, and not to intraday asset trading. Also, SkyBridge Capital believes that bitcoin can still triple its price from current positions..

SkyBridge Capital investment fund invested $ 25 million in bitcoin

At the time of this writing, the price of bitcoin BTC / USDT is $ 23,567.

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