During an open and honest interview with Cointelegraph at the World Economic Forum in Davos, Anthony Scaramucci, co-founder of SkyBridge Capital, strongly criticized Sam Bankman-Fried and provided insights into his own cryptocurrency portfolio.
Scaramucci revealed that he had placed his trust in the former FTX CEO, whose cryptocurrency exchange collapsed in late 2022. In fact, during a panel discussion prior to the interview, Scaramucci went as far as to say that the “ninth circle of hell” is reserved for SBF. He expanded on this sentiment during his conversation with Cointelegraph.
Known as the “Mooch,” Scaramucci expressed his willingness to discuss his mistakes in trusting SBF. He explained, “I am happy to talk about it because if I can prevent someone else from experiencing a disaster like that just by learning from our experience, it is worth it to me.”
Currently, Scaramucci is focused on recovering the portion of his company’s investment that was lost through FTX. He is optimistic that the 30% stake acquired by FTX Ventures will be returned sometime in 2023.
Cointelegraph’s team is providing live coverage from Davos.
In a conversation with Gareth Jenkinson, senior reporter at Cointelegraph, Scaramucci unveiled his cryptocurrency portfolio. It may come as a surprise to some that SkyBridge Capital has invested in cryptocurrencies, especially considering Scaramucci’s past tweet expressing indifference towards Bitcoin (BTC). Since Scaramucci’s initial tweet about Bitcoin in 2013, the value of the currency has increased by over 1,000%.
Scaramucci admitted to making numerous mistakes throughout his Bitcoin and cryptocurrency journey. It took him several years and interactions with industry leaders like the Winklevoss twins before he decided to invest. He emphasized that skepticism often arises from a lack of knowledge and understanding.
Now a regular commentator in the crypto space, the Mooch recently shared his price predictions for Bitcoin in 2023, forecasting a six-figure value. He believes that the mainstream has yet to fully comprehend the potential of blockchain technology.
In conclusion, Scaramucci believes that there is still significant room for growth in the Bitcoin, blockchain, and cryptocurrency markets. As more individuals grasp the importance of direct transactions without intermediaries, these industries will truly soar.