In a candid interview with Cointelegraph at the World Economic Forum in Davos, SkyBridge Capital co-founder Anthony Scaramucci blasted Sam Bankman-Fried and shed light on his cryptocurrency portfolio.
Scaramucci leaned on former CEO, Sam Bankman Fried (SBF) of FTX, which imploded in late 2021. Scaramucci said in a panel pre-interview that “the ninth circle of hell” awaits the SBF. It added more color to the comments under discussion with Cointelegraph:
“I actually thought it was Mark Zuckerberg of cryptocurrency. I didn’t know it was Bernie Madoff. And that’s something I have to take responsibility for. And I take.”
“Mooch” as he is known has made it clear that he is happy to talk about his mistakes in trusting the SBF. “I like to talk about it because if I can stop someone from suffering a disaster like this, just learning from us, it’s worth it to me,” he explained.
Scaramucci is currently working to regain the portion of his company that FTX lost. He is confident that the 30% stake acquired by FTX Ventures will be returned in 2023.
Speaking with Cointelegraph’s chief correspondent Gareth Jenkinson, Scaramucci also revealed his crypto wallet:
“I started booking Bitcoin investments in 2020. We started buying Ethereum in early 2021. We have some Solana, we have something called Algorand, which is a smaller layer, but it has really good technology.”
SkyBridge Capital’s crypto investment may come as a surprise to a thought leader who once tweeted that he “won’t care” about Bitcoin (BTC). In fact, since Scaramucci first tweeted about Bitcoin a decade ago in 2013, the coin has gone up more than 1,000%.
– Anthony Scaramucci April 12, 2013
Scaramucci concludes that he made a lot of mistakes during his Bitcoin and cryptocurrency journey. It took many years and interactions with leaders in the space like the Winklevoss twins before investing. He shared that “doubt is often born from a lack of knowledge.”
“The more homework you do on blockchain, the more you will understand how blockchain will be a very important part of our future.”
Mooch is now a regular commentator in the crypto space and recently shared a 2023 price prediction for Bitcoin in the six-figure region. The “mainstream” still can’t understand the blockchain, rip
Ultimately, as more and more people start to understand the importance of transacting with each other without a third party, the Bitcoin and blockchain space will take off:
“Once you understand the scale of this, it’s going to be a great layering mechanism that will lead to great economic efficiency and innovation. That’s why I’m in space.”
According to Scaramucci, there is still a lot of room for growth in the Bitcoin, blockchain and crypto markets.