Anthony Scaramucci’s Skybridge Capital Suffers 39% Loss in 2022 in Sharp Crypto Bear Market: BlockBlog Report

Anthony Scaramucci’s hedge fund, SkyBridge Capital, reportedly suffered big losses during the crypto winter of 2022.

According to a new Bloomberg reportSkyBridge’s largest fund fell 39% on the year due to falling investments in digital assets and the bankruptcy of crypto exchange FTX.

Investors attempted to withdraw 60% of the fund’s capital during the September 30 redemption period, but only received 10%, according to the report, which also finds that SkyBridge intends to only allow only 5% of the capital to be released by March 31. redemption period.

Despite the heavy losses, Scaramucci continues to extol the virtues of crypto assets, arguing that now is the time to invest in them.

In a recent YouTube interview Along with crypto influencer Scott Melker, the CEO and Founder of SkyBridge predicts that the US Federal Reserve will soon change course and deviate from its tight monetary policies, which would boost the value of Bitcoin (BTC).

“It’s impossible for the Fed if you have $31 trillion in debt on the way to $34 trillion and interest rates go up, the feds won’t be able to make sense of their budget with a $1 trillion to $1.5 trillion interest rate payment to all debt holders.

It’s number one. Second, I believe the Fed will declare victory. Inflation will go down thanks to technology. And they’re going to start cutting rates or guiding people to lower rates, which is going to blow up the market and blow up Bitcoin.

Don’t miss a beat – Subscribe to receive crypto email alerts straight to your inbox

Check price action

follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Blend

Generated Image: Midjourney