Anthony Scaramucci's $7 Billion Fund Eyes Investment in Bitcoin
2 min read
SkyBridge Capital, the investment firm founded by former White House Communications Director Anthony Scaramucci, looks like it is warming up to Bitcoin.
In a filings note posted last week, the firm, which manages $7.7 billion in assets according to Reuters, said it “may seek exposure to digital assets.” It noted that by “digital assets,” the firm meant Bitcoin—but was not limited solely to the biggest cryptocurrency by market cap.
The investment firm did not specify in the filing whether it had already invested in digital assets.
“Investments by the Company and/or Investment Funds may also be made in companies providing technologies related to digital assets or other emerging technologies,” the note read.
“Company may invest in Investment Funds that provide access to a particular digital asset or assets without a discretionary investment strategy,” it added.
Scaramucci, who served in the White House for 10 days before being dismissed, has previously expressed interest in cryptocurrencies. “I am a fan,” he once said during an interview. “I believe that digital assets have a future and obviously that blockchain has a future.”
On Friday, Skybridge Capital filed an amendment with the SEC, allowing their $3.6 billion fund to start investing in Bitcoin.
Keep an eye on @Scaramucci
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— Kevin Rooke (@kerooke) November 16, 2020
‘The Mooch’—as he is nicknamed—added that millennials are the current driving force in the adoption of cryptocurrency.
SkyBridge Capital is the latest big name firm to show interest in digital currencies.
According to market analysts, part of the reason the price of Bitcoin has been shooting up lately is down to high-profile figures and companies expressing support for the asset and other digital currencies.
