Hedge fund investor Anthony Scaramucci argues anybody who research bitcoin rigorously and understands the cryptocurrency shall be satisfied of its potential.
“Do the homework on bitcoin, understand what it is,” the founder and managing companion of SkyBridge Capital informed CNBC’s “Capital Connection” on Monday. He recommended studying the white paper by the creator of bitcoin, amongst different supplies.
“Anybody that does the homework … ends up investing into it. Look at Ray Dalio, a bitcoin skeptic, now a bitcoin investor,” Scaramucci stated, including that different big-name buyers akin to Paul Tudor Jones and Stanley Druckenmiller have additionally purchased bitcoin.
“These are brilliant guys [who] did the homework and drew a conclusion that they needed to own a piece of bitcoin,” he stated.
Trump’s SPAC
Separately, Scaramucci stated the particular function acquisition firm linked to former President Donald Trump is “obviously a meme stock” in the intervening time.
“I would be very careful being long that stock and I’d also be very careful being short that stock,” Scaramucci stated. “There might be a trapdoor in that stock at a moment’s notice, where, next thing you know, the bees are onto something else.”
He stated the hype is “based on nothing other than the fact that it’s” Trump’s SPAC.
Last week, Scaramucci informed CNBC that he hopes the SPAC does effectively.
“I want that thing to go up like another 10 times. The more it goes up, the less likelihood Donald Trump is running for president in 2024, so I’m rooting for that SPAC,” he stated. Scaramucci served as White House communications director for a mere 10 days in July 2017 in the course of the Trump administration.
— CNBC’s Jade Scipioni, Ryan Browne, Hannah Miao, Yun Li and Kevin Stankiewicz contributed to this report.
