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Despite a significant dropcryptocurrency market, SkyBridge Capital CEO Anthony Scaramucci noted that Bitcoin has performed better than the shares of many technology companies.
Anthony Scaramucciinvests in a variety of assets, including cryptocurrencies. And, according to him, Bitcoin is still not the worst asset for investment. For example, since the beginning of the year, the stock price of the largest retailer Amazon has fallen by 50%. And shares of the popular electric vehicle manufacturer Tesla lost 69%. Bitcoin, meanwhile, fell only 64%.
The CEO of SkyBridge Capital emphasized thatThe cryptocurrency market has been rocked by some really big setbacks. For example, the Terra ecosystem collapsed, and towards the end of the year, news publications around the world were full of headlines about the bankruptcy of the large cryptocurrency exchange FTX. And against the backdrop of these events, the decline in Bitcoin by only 64% confirms its value as an investment asset.
At the time of publication, the first cryptocurrencytrading at $16,600. The rate increased by 0.2% per day. Scaramucci said in August that Bitcoin's adoption was still not enough to call it an inflation-hedge asset.
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