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- SkyBridge Capital founded by former Trump adviser Anthony Scaramucci has revealed plans to invest in Bitcoin.
- Scaramucci confirmed that he is a Bitcoin fan in a recent interview with Anthony Pompliano.
In a report to its shareholders filed with the Securities and Exchange Commission (SEC), SkyBridge Capital revealed its interest in Bitcoin (BTC). With an estimated value of $ 7.7 billion in total assets under management, the fund was founded by a former advisor to US President Donald Trump, Anthony “The Mooch” Scaramucci.
The report is a document required by the SEC that provides details to the company’s investors on share sales. There, SkyBridge Capital revealed which assets and investments it will seek exposure to. While the company specifically refers to investing in funds that give access to Bitcoin, it makes it clear that it won’t be limited to just one digital asset.
This leaves the door open for a possible investment in Ethereum, Litecoin or other major cryptocurrencies. About SkyBridge Capital’s SEC report, Strix Leviathan declared via Twitter:
In this challenging global macro landscape, Bitcoin has grown as an attractive investment for institutional investment managers …
Trump’s former adviser is a Bitcoin fan
Scaramucci had a short stint in the White House as Director of Communications. Although he only lasted 10 days in office, “The Mooch,” as he is popularly known, was one of the Trump administration’s most controversial advisers. Before founding SkyBridge Capital, he worked for Goldman Sachs for nearly 10 years.
In the crypto community, the news is seen as another sign that “the herd is coming”. In other words, Bitcoin is gaining more and more attention from the traditional market. In a podcast interview with Morgan Creek Digital co-founder Anthony Pompliano, “The Mooch” revealed that he is a “fan” of Bitcoin and blockchain technology:
Since returning to SkyBridge in 2018, we’ve taken a deep dive into the digital asset space. I’m a fan (…) I have five children, three of whom are millennials, and they are ready to trade and buy their Tesla in Bitcoin (…) The blockchain will provide this fantastic future. Frankly, it will be a future of digital assets.
At the moment, Bitcoin’s high level of adoption appears to be a major driver of its rally. At the time of publication, BTC is trading at $ 16,700 with gains of 2.37% over the past 24 hours. Capriole Investments founder Charles Edwards wondered how one can be bearish with announcements like the one from SkyBridge Capital and a user he answered as follows:
Now traditional hedge funds are coming. These guys are also a fund of funds, so attractive that they would plan to buy the asset itself. It could be that they are investing in #crypto hedge funds. I know Anthony well, not a fool.
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