Crypto

“I thought SBF was the Mark Zuckerberg of crypto,” says Anthony Scaramucci

In a candid interview with Cointelegraph at the World Economic Forum in Davos, Anthony Scaramucci, co-founder of SkyBridge Capital, blasted Sam Bankman-Fried and shed some light on his crypto portfolio.

Scaramucci trusted former CEO Sam Bankman-Fried (SBF) of FTX, who imploded at the end of 2021. Scaramucci said in a panel preceding the interview that the “ninth circle of hellis reserved for the SBF. He added color to the comments when chatting with Cointelegraph:

“I actually thought he was the Mark Zuckerberg of crypto. I didn’t know he was the Bernie Madoff. And that’s something I have to own. And so I own it.

The “Mooch”, as he is called, explained that he was happy to talk about his mistakes in trusting SBF. “I love talking about it because if I can save someone else from having a calamity like this, just by learning from us, it’s worth it to me,” he explained.

Scaramucci is currently working to recover the part of his company which FTX lost. He is convinced that the 30% stake that Acquired FTX Ventures would be returned sometime in 2023.

The Cointelegraph team reports live from Davos.

Speaking to Gareth Jenkinson, Senior Reporter at Cointelegraph, Scaramucci also disclosed his crypto portfolio:

“I started tagging Bitcoin investments in 2020. We then started buying Ethereum in early 2021. We have Solana, we have something called Algorand, which is a smaller layer, but it has a really good technology.”

SkyBridge Capital’s investments in crypto may come as a surprise to a thought leader who once tweeted that he “couldn’t care less” about Bitcoin (BTC). Indeed, since Scaramucci first tweeted about Bitcoin a decade ago in 2013, the currency has risen over 1,000%.

Scaramucci concluded that he made many mistakes during his bitcoin and crypto journey. It took him many years and interactions with space leaders, such as the Winklevoss twins, before investing. He shared that “skepticism is usually born from a lack of knowledge”.

“The more blockchain homework you do, the more you understand how blockchain is going to be a very big part of our future.”

The Mooch is now a regular commentator in the crypto space and recently shared the 2023 price prediction for Bitcoin in the six-figure territory. The “mainstream” has not yet really tamed the blockchain, it is tearing

Related: Scaramucci to Invest in Crypto Firm Founded by Former FTX US Boss

Ultimately, as more and more people begin to understand the importance of transacting with each other without third parties, the Bitcoin and blockchain space will take off:

“When you understand the magnitude of this, it will be a wonderful layering mechanism that will lead to great economic efficiency and innovation. That’s why I’m in the space.

According to Scaramucci, there is still plenty of room for growth in the bitcoin, blockchain, and crypto markets.