Anthony Scaramucci Calls Bitcoin ‘Technically Oversold’
- June 24, 2022
- 0
If you look at the current price in the context of the exponential growth in wallet activity and the increase in the number of use cases, the first
If you look at the current price in the context of the exponential growth in wallet activity and the increase in the number of use cases, the first cryptocurrency was “technically oversold”. This was stated by Anthony Scaramucci, head of SkyBridge Capital, writes CoinDesk.
The hedge fund manager advised investors to consider Bitcoin retrospectively. With this approach, the asset would be “too cheap due to excessive leverage, which is worth taking advantage of”.
Scaramucci was philosophical about the collapse of Terra, which he supported, and the liquidity problems of Three Arrows Capital.
“I have seen such mistakes made several times”explained.
According to the financier, in times of “easy money”, when new industries or technologies are created, young representatives of the industry “tend to lose interest”.
Recall that in May, Scaramucci advised crypto investors to “stick to quality assets.”
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Source: Fork Log
I’m Sandra Torres, a passionate journalist and content creator. My specialty lies in covering the latest gadgets, trends and tech news for Div Bracket. With over 5 years of experience as a professional writer, I have built up an impressive portfolio of published works that showcase my expertise in this field.
