The New York-based Skybridge Capital cofounder, Anthony Scaramucci, recently explained that this week’s Gamestop fiasco is positive for the global cryptocurrency bitcoin. Scaramucci’s statements follow the global investment manager’s recent dive into the crypto economy by gathering exposure to over $300 million worth of the cryptocurrency.
Skybridge Capital Cofounder Says Gamestop Stock Activity Bolsters the Concept of Bitcoin
The recent Gamestop stock saga has shown the world the power of social media and financial technology combined. Meme lords, Redditors, Discord users, Twitter heads, 4chan trolls, and a number of other internet lurkers have caused a major disruption in the traditional finance world.
News.Bitcoin.com recently reported on the Gamestop (GME) shares skyrocketing, and the madness has also leaked over to other stocks like AMC and Nokia. Moreover, a number of popular entrepreneurs like the American-Canadian venture capitalist Chamath Palihapitiya and Tesla’s Elon Musk have also added to the conversation.
This week, Skybridge Capital cofounder Anthony Scaramucci also discussed the Gamestop situation during an interview. Scaramucci said that retail traders have shown the power of decentralized finance and the impact solidifies the leading crypto asset bitcoin (BTC). Scaramucci also served as President Donald Trump’s communications director for 11 days.
It is done with @telegram groups and users are able rage against the algorithms
— Antonio Altamirano (@antonio) January 28, 2021
‘The Age of the Micro Investor’
Scaramucci believes the recent stock market action affirms that the Bitcoin experiment will be successful. Just recently, Scaramucci’s Skybridge Bitcoin Fund debuted when it “initiated a position, valued at approximately $310 million,” at the…