A statement from Anthony Scamuccimi revealed the total crypto value of Australian alternative investment firm SkyBridge Capital. He said SkyBridge currently holds $700 million worth of crypto.
An alternative investment firm has applied for a cryptocurrency company ETF. This refers to crypto-based exchange-traded funds.
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They did so on Tuesday with the goal of increasing cryptocurrency offerings. SkyBridge Capital also revealed plans for the Algorand fund during the week’s SALT conference in New York.
SkyBridge Crypto Asset Value
SkyBridge founder Anthony Scaramucci, speaking to CNBC, stated that the company has raised over $100 million for the new Algorand fund. Anthony Scaramucci is also a former White House communications director, Scaramucci, who evaluates the company’s crypto assets at: about 700 million dollars
The CEO reaffirmed that crypto is here to stay, however, he added that if regulations plan to encourage more adoption of digital asset technology They should act quickly.
Anthony explained that adoption of crypto is similar to Uber, which regulators plan to exit. But later the people won because they accepted the use. He predicted that the United States It will start saving up to 200 million crypto users in the near future.
The CEO of SkyBridge made these comments as viewers worried about the SEC-controlled regulatory crackdown.
The SEC chief, Gary Gensler, has stated that the crypto sector has been linked to abuse and fraud, but Anthony Scaramucci disagrees, praising Gary for his stake in crypto.
He explained that Gary had a lot of people who didn’t fully understand crypto in Congress. As a result, they have a lot of negative aspects. and he would call upon a noble like Elizabeth. Warren attended the meeting.
However, being seated with industry members will give her a better understanding of the protocols. Anthony suggests it’s imperative to take everyone alone by educating them.
Other comments about the financial magnate
other financial executives In their speeches did not mention Anthony’s optimism. Instead, they doubt the possibility of adopting crypto over strict rules.
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Ray Dalio predicts that as the popularity of digital assets increases, it will attract the attention of lawmakers.
ALGO is currently down by 4% at the time of writing | Source: ALGOUSD on TradingView.com
However, while speaking to CNBC, he said that although crypto adoption has been growing successfully, The lawmakers would kill it. He believed lawmakers would succeed in killing it. because they have a way of doing that.
Dalio explains that every financial asset that offers cash alternatives is worth considering, including Bitcoin.
Featured image from Finance Magnates, chart from TradingView.com
