SkyBridge Capital is betting on a sustained turnaround in cryptocurrency markets in 2023, the firm's founder Anthony Scaramucci said, while admitting this view was 'overly bullish'.
Anthony Scaramucci, founder and managing partner of SkyBridge speaks during the SALT conference in Manhattan, New York City, U.S., September 14, 2022. REUTERS/David 'Dee' Delgado
"If bitcoin could trade back to $35,000, SkyBridge is going to have an amazing year," Scaramucci told the Reuters Global Markets Forum in Davos, Switzerland. Bitcoin is trading at around $20,800, a 26% gain so far this year after falling by more than 64% in 2022. "Structured credit, mortgage-backed securities, credit card debt, auto loans -- that's an attractive space again," Scaramucci said. As of last September, his firm managed $2.2 billion, including $800 million in digital asset-related investments.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Davos 2023: Global recession seen likely in 2023 -WEF surveyTwo-thirds of private and public sector chief economists surveyed by the World Economic Forum (WEF) expect a global recession in 2023, the Davos-organiser said on Monday as business and government leaders gathered for its annual meeting.
Read more »
Davos 2023: Global recession in 2023 seen as likely in WEF surveyTwo-thirds of private and public sector chief economists surveyed by the World Economic Forum (WEF) expect a global recession in 2023, the Davos-organiser said on Monday as business and government leaders gathered for its annual meeting.
Read more »
Davos 2023: Climate activists protest over big oil hijacking debateClimate activists protested in Davos on Sunday against the role of big oil firms at this week's World Economic Forum (WEF), saying they were hijacking the climate debate.
Read more »
Davos 2023: Protesters urge world leaders to rethink economic systemEcological crisis is fueled by current economic structure, say activists gathered in Davos-Klosters, Switzerland protesting ahead of the annual summit starting from Monday.
Read more »
Davos 2023: Climate activists protest the presence of oil giants at World Economic ForumClimate activists are staging protests in Davos, Switzerland, on the sidelines of this week's World Economic Forum to oppose the presence of oil and gas firms.
Read more »
Davos 2023: Man Utd set up shop with luxury lounge in Swiss AlpsManchester United set out a dazzling Davos shop front this week, but insisted its lounge was to entertain clients and partners rather than to attract buyers for the English soccer club.
Read more »