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Anthony Scaramucci’s hedge fund, SkyBridge Capital, reportedly suffered heavy losses in the 2022 crypto winter.
According to a new Bloomberg report, SkyBridge’s largest fund fell 39% over the year due to a slump in digital assets and investments in bankrupt crypto exchange FTX.
Investors sought to withdraw 60% of the fund’s capital during the Sept. 30 redemption period, but received only 10%, according to reports. It also turns out that SkyBridge intends to allow only his 5% of capital to be discharged next March 31st. redemption period.
Despite huge losses, Scaramucci continues to praise the virtues of crypto assets, arguing that now is a good time to invest.
In a recent YouTube interview with SkyBridge CEO and founder Scott Melker, CEO of SkyBridge, the US Federal Reserve (Fed) quickly changed course, pivoting away from a tight monetary policy and pushing ahead with Bitcoin. We predict that it will boost the value of (BTC).
“If interest rates rise on the way to $34 trillion from $31 trillion of debt, the Fed will not be able to understand the budget at interest rates of $1 trillion to $1.5 trillion. interest payments to creditors of
That’s the best. Second, I believe the Fed will declare victory. Inflation will go down thanks to technology. And they will start cutting interest rates or pushing people to lower interest rates, which will make the market and bitcoin boom. ”
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Disclaimer: Opinions expressed on The Daily Hodl are not investment advice. Investors should exercise caution before making risky investments in Bitcoin, cryptocurrencies or digital assets. Please note that your money transfers and transactions are made at your own risk and you are responsible for any losses you may incur. The Daily Hodl does not endorse the buying or selling of cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. The Daily Hodl participates in affiliate marketing.
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