Anthony Scaramucci has revealed that SkyBridge has already invested $25 million in BTC in the Bitcoin crypto fund. We tell you all about it! Just yesterday the SkyBridge Bitcoin Fund was registered with the US Securities and Exchange Commission (SEC), and today SkyBridge Capital has already invested $25 million in the Bitcoin crypto fund.
Scaramucci is a new Bitcoin whale
Today, Anthony Scaramucci revealed in an interview on CNBC that the SkyBridge Bitcoin Fund began trading today with $25 million in bitcoins invested by SkyBridge.
According to Scaramucci, there are only two options: either bitcoin is a store of value, or it isn't. "After doing some research, we think it is. And given the money supply and the global coordination of central banks right now, it's going to be a very strong asset class over the next decade," he told CNBC.
Furthermore, Scaramucci was fairly confident that the crypto leader has not peaked, he explained that they "would have loved to have rolled out the fund three or four months ago."
Finally, note that the fund will welcome investments from outside investors on January 4, Scaramucci said. However, it will only be accessible to accredited investors, which the SEC defines as a person with an annual income of $200,000 or an institution with $5 million in assets.
Leading cryptocurrency continues upward trend
Data from CoinMarketCap, Coin360 and TradingView show BTC/USD returning to positions before the weekend's losses, topping USD23,400 at the time of publication. The passage of a new $908 billion stimulus bill by the US Congress could be largely responsible for the cryptocurrency's renewed momentum.
In fact, Tyler Winklevoss, co-founder of cryptocurrency exchange Gemini, tweeted, "Another $900 billion announcement for bitcoin. "
Ripple is in big trouble with the SEC
Yesterday, Ripple CEO Brad Garlinghouse explained to Fortune magazine that he expected the SEC to pursue the company for selling securities without a licence. As expected, Garlinghouse's comments caused panic in the crypto community and consequently sent the XRP crypto tumbling.
According to CoinMarketCap, XRP has fallen 12% in the last 24 hours. What does the future hold for the crypto? In a nutshell…
The Electronic Frontier Foundation (EFF) believes the US government is using the new cryptocurrency regulations to step up surveillance of individuals. Binance presented Crypto Trends 2020 where it says 2021 could be an epic year. Changpeng Zhao, CEO of cryptocurrency exchange Binance, said there is no better economic stimulus than bitcoin.
