The first cryptocurrency is “technically oversold”, if you look at the current price in the context of the exponential growth in wallet activity and an increase in the number of use cases. This was stated by the head of SkyBridge Capital Anthony Scaramucci, writes CoinDesk.
The hedge fund manager advised investors to evaluate bitcoin in retrospect. With this approach, the asset will turn out to be “very cheap due to excess leverage, which is worth taking advantage of.”
Scaramucci was philosophical about the collapse of Terra, which he supported, as well as Three Arrows Capital’s liquidity problems.
“I have seen such mistakes made several times”he explained.
According to the financier, during periods of “easy money”, when new industries or technologies are being formed, young representatives of the sector “tend to lose relevance.”
Recall that in May, Scaramucci advised crypto investors to “stick to quality assets.”
Read Cryplogger bitcoin news in our Telegram – Cryptocurrency news, courses and analytics.
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The first cryptocurrency is “technically oversold”, if you look at the current price in the context of the exponential growth in wallet activity and an increase in the number of use cases. This was stated by the head of SkyBridge Capital Anthony Scaramucci, writes CoinDesk.
The hedge fund manager advised investors to evaluate bitcoin in retrospect. With this approach, the asset will turn out to be “very cheap due to excess leverage, which is worth taking advantage of.”
Scaramucci was philosophical about the collapse of Terra, which he supported, as well as Three Arrows Capital’s liquidity problems.
“I have seen such mistakes made several times”he explained.
According to the financier, during periods of “easy money”, when new industries or technologies are being formed, young representatives of the sector “tend to lose relevance.”
Recall that in May, Scaramucci advised crypto investors to “stick to quality assets.”
Read Cryplogger bitcoin news in our Telegram – Cryptocurrency news, courses and analytics.
Found a mistake in the text? Select it and press CTRL+ENTER
