Anthony Scaramucci said he assumed SBF was the Mark Zuckerberg of cryptocurrency
Anthony Scaramucci, co-founder of SkyBridge Capital, criticized Sam Bankman-Fried and made plain his cryptocurrency holdings in a frank interview with Cointelegraph on the World Financial Discussion board in Davos.
Scaramucci had faith in FTX’s former CEO Sam Bankman-Fried (SBF), who presided over the company’s collapse in late 2021. In a panel discussion held before the interview, Scaramucci said that SBF is designated for the “ninth circle of hell.” In his conversation with Cointelegraph, he provided additional context for the comments:
“I actually thought he was the Mark Zuckerberg of crypto. I didn’t realize he was the Bernie Madoff. And that’s something I have to own. And so I own it.”
The “Mooch,” as he is known, is happy to discuss his mistakes in thinking SBF was to be trusted. He explained, “I prefer talking about it because if I can stop anyone else from experiencing a calamity like that, simply by learning from us, it’s worth it to me.”
Scaramucci is currently seeking to reclaim the portion of his company that FTX misappropriated. He has been guaranteed that FTX Ventures would be able to get back its 30% investment at some point in 2023.
In a conversation with Cointelegraph senior reporter Gareth Jenkinson, Scaramucci also disclosed his cryptocurrency holdings:
“I started marking Bitcoin investments in 2020. We then started buying Ethereum in the early part of 2021. We have some Solana, we have something called Algorand, which is a smaller layer one, but it’s got very good technology.”
The cryptocurrency investments made by SkyBridge Capital may surprise a thought leader who recently tweeted that he “could care less” about Bitcoin (BTC). Clearly, Bitcoin has increased by nearly 1,000% since Scaramucci first tweeted about it in 2013, which was ten years ago.
Scaramucci came to the conclusion that he had committed numerous mistakes throughout his exploration of Bitcoin and other cryptocurrencies. Before he invested, he had to wait a few years and interact with influential people, such the Winklevoss twins. “Skepticism is typically born from a lack of knowledge,” he said.
“The more homework you do on the blockchain, the more you understand how the blockchain is going to be a very big part of our future.”
The Mooch, who has now become a frequent commentator on the cryptocurrency industry, recently predicted that Bitcoin would reach six figures by 2023. He claimed that the “mass” has yet to fully understand blockchain technology.
The Bitcoin and blockchain space will eventually take off as more and more individuals see the value of trading with one another without a middleman:
“When you understand the magnitude of that, it will be a wonderful layering mechanism that will lead to great economic efficiency and innovation. So that’s why I’m in the space.”
The Bitcoin, blockchain, and cryptocurrency markets still have a lot of space for expansion, in Scaramucci’s opinion.
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