Famous American financier Anthony Scaramucci has admitted that having massive exposure to Bitcoin was a mistake in the short run, as he and his investment company suffered significant losses amid the bear market., Scaramucci noted that while his Bitcoin exposure via his investment firm, SkyBridge Capital, has incurred significant losses amid the market downturn, he does not regret investing in the cryptocurrency.
“I don’t regret it… To me, short-term is a mistake but remember; everyone is a long-term investor until they have short-term losses. So, I want to measure the bitcoin investment over a four-year interval. I think if you’ve held bitcoin for a rolling four-year cycle, you’ve made money,” he said.
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Source: Cointelegraph - 🏆 562. / 51 Read more »