Anthony Scaramucci: “Black Friday gave everyone the opportunity to buy cryptocurrencies” – Bits Media

Yesterday, 26 November, stock markets showed a decline, and the cryptocurrency industry. But SkyBridge Capital founder Anthony Scaramucci believes, that this is a chance to buy cryptocurrencies.

The Bitcoin rate fell lower $54 000, and at the time of publication the first cryptocurrency does not show attempts at large-scale restoration. However, Anthony Scaramucci (Anthony Scaramucci) in an interview with CNBC emphasized, that from a fundamental point of view nothing has changed. "Black Friday", according to the investor, gave an excellent chance to buy cryptocurrencies at a reduced price.

"If you, just like us, rely on fundamentals, then now is the time to buy. There are practically no risks. Bitcoin and other cryptocurrencies have always been volatile, this takes people out of the game and reduces the volume of margin positions. Think, This is the foundation for an excellent first quarter of next year.", – Scaramucci emphasized.

The founder of Sky Bridge Capital also noted, that the reaction of the cryptocurrency market seemed very healthy to him. He called it "healing bloodletting" during a crisis. Interesting, that Scaramucci does not consider Bitcoin a defensive asset to hedge inflation risks:

"Think, in the long term, he can be such an asset. Especially if you have billions of dollars in reserves. But right now Bitcoin is more like Amazon stock 2000 year, it is very volatile".

Anthony Scaramucci previously said, that even by $60 000 Bitcoin looks attractive. He considers, that in the medium term the rate of the first cryptocurrency can reach $500 000.