Anthony Scaramucci Says Skybridge Had 'Best Month' In History Thanks To Investments In These 2 Coins: 'It Served Us And Our Clients Well'
Portfolio Pulse from Mehab Qureshi
SkyBridge Capital, founded by Anthony Scaramucci, reported record-breaking monthly returns in October, largely due to investments in Bitcoin and Solana. However, the company's reputation suffered due to its association with Sam Bankman-Fried, the former CEO of crypto exchange FTX, who is currently facing trial for fraud and misuse of customer funds. FTX's venture arm acquired a 30% stake in SkyBridge in September 2020, which Scaramucci plans to repurchase, subject to bankruptcy court approval.
November 01, 2023 | 4:59 am
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POSITIVE IMPACT
SkyBridge's record-breaking returns were largely due to investments in Bitcoin. This could potentially increase investor interest in Bitcoin.
SkyBridge's successful investment in Bitcoin could potentially attract more investors to the cryptocurrency, driving up its price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
SkyBridge also attributed its success to investments in Solana. This could potentially increase investor interest in Solana.
SkyBridge's successful investment in Solana could potentially attract more investors to the cryptocurrency, driving up its price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80