During an open and honest discussion with Cointelegraph at the World Economic Forum in Davos, Anthony Scaramucci, co-founder of SkyBridge Capital, criticized Sam Bankman-Fried and shared details about his cryptocurrency portfolio.
Scaramucci admitted that he had placed his trust in the former FTX CEO, whose cryptocurrency exchange collapsed in late 2022. In fact, during a panel before the interview, Scaramucci went as far as to say that the “ninth circle of hell” is reserved for SBF. He expanded on his comments during the interview with Cointelegraph.
The “Mooch,” as he is affectionately known, expressed his willingness to discuss his mistakes in trusting SBF. He explained, “I like to talk about it because if I can prevent someone else from experiencing a disaster like that just by learning from our experience, then it’s worth it to me.”
Currently, Scaramucci is working hard to recover his company’s lost share from FTX. He is confident that the 30% stake acquired by FTX Ventures will be returned sometime in 2023.
The Cointelegraph team is providing live coverage from Davos.
In a conversation with Gareth Jenkinson, senior reporter at Cointelegraph, Scaramucci also revealed details about his cryptocurrency portfolio. It may come as a surprise to some that SkyBridge Capital has investments in the crypto market, considering Scaramucci once tweeted that he “could care less” about Bitcoin. However, since his initial tweet about Bitcoin in 2013, the currency has increased in value by over 1,000%.
Scaramucci admitted that he made many mistakes during his Bitcoin and cryptocurrency journey. It took him several years and interactions with industry leaders, such as the Winklevoss twins, before he decided to invest. He shared his belief that skepticism often stems from a lack of knowledge, stating, “The more you learn, the more you realize the potential.”
Nowadays, Scaramucci is a regular commentator on the crypto space and has recently shared his price predictions for Bitcoin in 2023, envisioning it reaching six figures. He believes that the mainstream has not fully grasped the significance of blockchain technology.
In conclusion, Scaramucci believes that there is still plenty of room for growth in the Bitcoin, blockchain, and crypto markets. As more and more people recognize the importance of conducting transactions without intermediaries, these industries will continue to flourish.