Anthony Scaramucci, founder, SkyBridge Capital
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On this episode of The Scoop, Skybridge Capital's Anthony Scaramucci explores these developments and why he is "there" when it comes to being convinced to allocate some capital to bitcoin.
Scaramucci said that a few more announcements like Paul Tudor Jones' revelation that he will take on exposure to bitcoin will cause the "wall to fall down."
We also explore:
- Why Scaramucci recently moved close to $300 million to legendary hedge funds Bridgewater Associates, Oaktree Capital, and Third Point, and why his fund and others suffered during the first part of the year
- Why the pandemic hit the structured credit market especially hard relative to equities
- The implications of the liquidity the Fed is injecting into the economy, and why money printing can last longer than we think
- Why the crypto rush will happen, but not as quickly as people want it to – and why he doesn't buy the threat to the dollar in the near future
- Scaramucci gives us an inside look on what's going on in Washington and why Libra would be an unmitigated disaster from the government's perspective