The founder of Skybridge Capital asks investors not to panic

• scaramucci asked the Bitcoin investors not to lose sight of the overall picture
• he also compared the volatility of Bitcoin during growth with the Amazon share in the late 1990s

The founder of Skybridge Capital, Anthony Scaramucci, asked investors to capture their crypto-assets because he believes that the current market slump will soon have come to an end.

" take a chill pill, stay long Bitcoin, other cryptocurrencies such as Algorand and Ethereum, and I think you will be very well served with these investments in the long term." he said.

Bitcoin is not yet a mature value reservation

speak during a cnbc Interview he explained that the dollar will always remain the dollar, so the change should be changed from Bitcoin relative to this does not cause much concerns among investors. He asked her to concentrate on the future and make long -term investments, and found that Bitcoin is an emerging technology, the role of which will increase as a value preservation means with increasing acceptance.

" We overtake. If it is in 2025 and there are a billion Bitcoin money exchanges, we call it a currency. The dollar is still the dollar. For me, this is an emerging technology that will finally develop into a business value if more and more people join the network."

scaramucci also mentioned the growth of Amazon at the end of the 90s, a time when the stocks were exposed to massive volatility, as a reason why he would not treat Bitcoin too hard because of its volatility.

Despite a loss of value of at least 50 % in a total of eight periods, the share of the company listed on the Nasdaq survived and is now considered one of the most valuable tickers. He postulated that investors had to recognize that Bitcoin is still an early adoption technology and is therefore neither a value preservation means nor a currency.

" Ultimately, it is about buying quality and realizing that Bitcoin - and I have often said that on the air - is not a value -added preservation at the moment. Technically speaking, it is not a currency at the moment." he explained.

The acceptance of crypto is increasing this year

In addition to his enthusiasm for the digital asset, Scaramucci said that he recommended his customers to invest in the asset, but in reasonable amounts.

He insisted that he would expect Bitcoin to be retained his upward trend. The former Manager of Goldman Sachs explained that the cryptoma markets are still extremely unpredictable, but he assumes that the introduction of crypto will be increasing this year.

In addition, he found that every sudden break -in of the markets for Bitcoin was nothing new, and predicted that the coin would grow to 500 million to 1 billion wallets worldwide by 2024.

" ... Bitcoin in my opinion will have half a billion wallets, possibly a billion wallet when we come by 2024. So people should sit out of this stake. I think it is nonsensical to expect only an asymmetrical 45-degree line in such a new story."