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Bitcoin has become a good long-term investment: Former WH Communications Director

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Anthony Scaramucci, former White House Communications Director, and founder of SkyBridge hedge fund made bullish statements about Bitcoin and called it “a good long-term investment.”

While predicting upcoming volatility and correction, Scaramucci believed the digital asset would only increase in price.

Alongside SkyBridge Partner and the Chief Operating Officer, Brett Messing, Scaramucci claimed that the asset declined in risk and was as safe as owning bonds and gold. The duo argued: 

Increased regulations, improved infrastructure and access to financial institutions — like Fidelity — that hold investors’ money have made bitcoin investments as safe as owning bonds and commodities like gold, which are also used to balance portfolios.

In short, bitcoin has matured — though it’s still in an early adoption phase — and now offers significant long-term value.

Recently, former senior chairman of Goldman Sachs, Lloyd Blankfein shared his opinion on how government regulations could get in Bitcoin’s way. The investment banker thinks that in such an event, perhaps investors could comply with new rules, but it would cost them their privacy, a key property that attracts investors to Bitcoin, in the first place. 

However, according to Scaramucci the value of the digital asset had strengthened because of increased regulation and scrutiny. In his latest opinion piece, Scaramucci said Bitcoin was a viable hedge against inflation for long-term investors.

Additionally, the exec believed that Bitcoin’s market capitalization was the strongest indicator of its value:

If we were to look at that through the prism of the S&P 500, it would make bitcoin a top 10 company in the world, having gone from zero to half a trillion in just 12 years. Only a few companies, like Facebook and Tesla, have grown that fast.

A month ago, Anthony Scaramucci planned to launch a new Bitcoin fund – named SkyBridge Bitcoin Fund L.P, which could seek “exposure to digital assets.”

Source: https://ambcrypto.com/bitcoin-has-become-a-good-long-term-investment-former-white-house-communications-director/

Amb Crypto

Miami Mayor dismisses Treasury Secretary Yellen’s criticism of Bitcoin

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Over the past few weeks and months, Miami and Mayor Francis Suarez have been working towards positioning the city as the country’s premier crypto-hub. “We want to be one of the most crypto-forward and technological cities in the country,” Suarez had said in a recent interview, with the comments coming on the back of reports […] Source: https://ambcrypto.com/miami-mayor-dismisses-treasury-secretary-yellens-criticism-of-bitcoin/

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FD7 Ventures launches $250M Micro-Fund in India for Cardano, Polkadot-based projects

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A few days after FD7 Ventures, a Dubai-based crypto-investment fund, made news after it announced its decision to sell its Bitcoin holdings worth $750M to buy more Cardano and Polkadot, the fund is in the headlines again. According to a press release, FD7 Ventures has now launched a $250M Micro-Fund in India to invest in […] Source: https://ambcrypto.com/fd7-ventures-launches-250m-micro-fund-in-india-for-cardano-polkadot-based-projects/

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Why Mark Cuban is looking forward to Ethereum’s use cases

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Entrepreneur Mark Cuban is in awe of Ethereum network and thinks that blockchain technology could be a game-changer for various industries. In a recent interview, Cuban said that it is the “simplification of smart contracts” on Ethereum that gets him “excited.” He said: Because now, all these SaaS companies, all these different companies, I could […] Source: https://ambcrypto.com/why-mark-cuban-is-looking-forward-to-ethereums-use-cases/

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Litecoin, EOS, Enjin Coin Price Analysis: 01 March

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Litecoin seemed positioned for additional losses after the long-term moving average closed in on the short-term line. EOS moved within a descending channel after finding support at $3.5. Lastly, ENJ went past a key resistance and saw its price rise on the charts. Litecoin [LTC] Losses in the last seven days amounted to over 25% […] Source: https://ambcrypto.com/litecoin-eos-ftx-token-price-analysis-01-march/

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