New York-based Skybridge Capital co-founder Anthony Scaramucci recently explained that this week’s Gamestop fiasco is positive for global cryptocurrency bitcoin. Scaramucci’s statements follow the global investment manager’s recent plunge into the crypto economy by amassing exposure to more than $ 300 million in cryptocurrency.
Skybridge Capital co-founder says Gamestop Stock Activity strengthens the concept of Bitcoin
The recent Gamestop stock saga has shown the world the power of social media and financial technology combined. Meme gentlemen, Redditors, Discord users, Twitter heads, 4chan trolls, and a number of other internet listeners have wreaked havoc in the traditional financial world.
News.Bitcoin.com recently reported Gamestop (GME) stocks are skyrocketing, and the madness has also leaked to other stocks like AMC and Nokia. In addition, some popular entrepreneurs such as the US-Canadian venture capitalist Chamath Palihapitiya and Teslas Elon Musk have also added to the conversation.
This week, Skybridge Capital co-founder Anthony Scaramucci also discussed the Gamestop situation during a interview. Scaramucci said retailers have shown the power of decentralized financing and the impact of the leading crypto asset bitcoin (BTC). Scaramucci was also President Donald Trump’s communications director for 11 days.
It’s done with @telegram groups and users can rage against the algorithms
– Antonio Altamirano (@antonio) January 28, 2021
The Age of the Micro Investor
Scaramucci believes the recent stock market action confirms that the Bitcoin experiment will be successful. Recently, Scaramucci’s Skybridge Bitcoin Fund debuted when it “took a position worth approximately $ 310 million” at the time of the Announcement.
In his recent interview, Scaramucci explained that the Skybridge Bitcoin Fund has about $ 60 million, while the company has an exposure of about $ 385 million. “It’s the age of the micro investor and you better take it seriously – or you’ll be taken to the cleaners,” Scaramucci said of this week’s GME stock fiasco.
“The activity in Gamestop is more evidence of the concept that Bitcoin is going to work,” he added. How are you going to beat that decentralized crowd? To me that is more confirmation of decentralized financing. “
Meanwhile, like cryptocurrency fans cheer on the degenerate Bee r / wallstreetbets, a number of subscribers have discussed the possibility of producing a massive short squeeze with Silver. a wire on r / wallstreetbets suggests that the power of the masses could push the price of silver from $ 25 to $ 1,000.
“Inflation-adjusted silver should be $ 1,000 instead of $ 25,” the creator of the post u / jjalaj30 wrote. “Why not squeeze $ SLV into a real physical prize? Think about the benefits. If you don’t care about the profit, think about the banks like JP Morgan that you would destroy along the way, ”he added.
What do you think of the Gamestop equity fiasco and the statements of Skybridge Capital co-founder Anthony Scaramucci? Let us know what you think about this topic in the comments below.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or invitation to an offer to buy or sell, or a recommendation or endorsement of products, services, or companies. Bitcoin.com does not provide investment, tax, legal or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.