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SkyBridge Capital Founder Advises Investors To Be Patient To Ride Through BTC's Volatility
Summary: Anthony Scaramucci, the founder of Skybridge Capital, compared Bitcoin with the early days of Amazon in the "The What Bitcoin Did" podcast. He said: "I think Bitcoin is Amazon in 2000, 2001, or 2002. It’s out there, it’s a winner, but it’s still in the very, very early stages of it." Bitcoin decreased by nearly ...
Anthony Scaramucci, the founder of Skybridge Capital, compared Bitcoin with the early days of Amazon in the "The What Bitcoin Did" podcast. He said: "I think Bitcoin is Amazon in 2000, 2001, or 2002. It’s out there, it’s a winner, but it’s still in the very, very early stages of it."
Bitcoin decreased by nearly 20% in 24 hours, however, Scaramucci believed volatility is very different from risk. He thought If investors are patient and understand the good fundamentals of Bitcoin, volatility is acceptable, added: "If you rode Amazon for 23 years and accepted the 50% declines in its price activity, but you knew the fundamentals were there, then you didn’t really have risk as much as you had to be patient to ride through the volatility."
By Mary Liu
Tags: Amazon,Anthony Scaramucci,Bitcoin,Skybridge Capital
Link: SkyBridge Capital Founder Advises Investors To Be Patient To Ride Through BTC's Volatility [Copy]
