An investment company buys $25 million worth of Bitcoin… Details here
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Answer An investment company buys $25 million worth of Bitcoin… Details here
It seems that we are actually experiencing the beginning of the institutional appetite for Bitcoin and the re-consideration of it as an investment asset.
stated Anthony Scaramucci told CNBC yesterday that the investment firm SkyBridge Capital that he founded and that manages a New York-based hedge fund has invested $25 million in bitcoin.
Scaramucci’s statement emerged after SkyBridge Fund began negotiations yesterday with the US Securities and Exchange Commission, after which it would invest $25 million in Bitcoin.
Tell Scaramucci:
The fund will welcome investments from outside investors on January 4th.
You either have to accept that Bitcoin is a store of value or not.
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After doing the research, we think it is.
Given the money supply and global central banking coordination at the moment, this will be a very strong asset class over the next decade.
He added to CNBC:
We would have loved to have posted the fund three or four months ago, but we think Bitcoin hasn’t peaked yet.
He said that to deter investors from pumping and offloading shares in his bitcoin fund for a quick profit, the fund implemented a three-week holding period.
He added in his statement:
Bitcoin is an asset that can go up 2/3 times from here, we don’t want our clients to miss out on investing in it.
The SkyBridge investment fund will only be available to accredited investors, who are defined by the Securities and Exchange Commission as people with an annual income of $200,000 or an institution with $5 million in assets.
SkyBridge, an investment company founded in 2005 and headquartered in New York, manages $9.3 billion in assets.
Scaramucci previously reported that his interview with Michael Saylor influenced his decision to enter his company into Bitcoin.
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Saylor has previously bought more than $1 billion in bitcoin, and Saylor tweeted about bitcoin on Twitter:
Bitcoin is like a battery charged with the power of cash.
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Why do most people rush to buy Bitcoin at a higher price and not when it is low?
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