The managing partner and founder of SkyBridge Capital, Anthony Scaramucci, says the company has bought the dip in Bitcoin and ether with the expectation of recovery.
The announcement by the executive comes as the cryptocurrencies face a bearish momentum that has seen most tokens dip by double digits.
The company Executive claims that having gone through the eight cryptocurrency dips, he is assured that there would be a positive outcome in the long run.
Scaramucci maintains that the case with Celsius is causing market sell offs the same as the way Terra caused market turmoil and subsequent crash.
The investors opined that the market should be ready for anything, alluding that what investors think will not happen on Wall Street certainly does happen.
Scaramucci, better known as ‘The Mooch,’ has criticized some anti-cryptocurrency investors, including Berkshire’s Warren Buffet, Charlie Munger, and Jamie Dimon, for not researching Cryptocurrency well on Cryptocurrency.
Source: Twitter
"I am encouraged by the fact that #Bitcoin is above 50% of the overall #crypto marketcap right now which is another sign that there's a flight to quality there," says @Scaramucci. "I would recommend people stay disciplined. We have bought more $BTC and $ETH." pic.twitter.com/5gzOytm4N5
— Squawk Box (@SquawkCNBC) June 13, 2022
