During an open and honest interview with Cointelegraph at the World Economic Forum in Davos, Anthony Scaramucci, co-founder of SkyBridge Capital, strongly criticized Sam Bankman-Fried and shared insights into his own crypto portfolio.
Scaramucci expressed his previous trust in the former CEO of FTX, whose crypto exchange collapsed in late 2022. During a panel discussion prior to the interview, Scaramucci went as far as to say that the “ninth circle of hell” is reserved for SBF. He elaborated on his remarks when speaking with Cointelegraph:
Known as the “Mooch,” Scaramucci admitted that he is willing to discuss his mistakes in trusting SBF. He explained, “I am eager to talk about it because if I can prevent someone else from experiencing a similar disaster, just by learning from our experience, it’s worth it to me.”
Scaramucci is currently focused on recovering his company’s lost share from FTX. He is confident that FTX Ventures will eventually return the 30% stake they acquired, and he expects this to happen in 2023.
The Cointelegraph team is providing live coverage from Davos.
In a conversation with Gareth Jenkinson, senior reporter at Cointelegraph, Scaramucci also revealed his own crypto portfolio:
It may surprise some to learn that SkyBridge Capital has invested in cryptocurrencies, considering Scaramucci’s previous statement on Twitter that he “could care less” about Bitcoin (BTC). Since Scaramucci’s initial tweet about Bitcoin in 2013, the currency has seen a more than 1,000% increase.
Scaramucci acknowledged that he has made numerous mistakes throughout his Bitcoin and crypto journey. It took him many years and interactions with industry leaders, such as the Winklevoss twins, before he finally invested. He shared his belief that “skepticism usually arises from a lack of knowledge,” and added:
The Mooch has now become a regular commentator on the crypto space and recently shared his price predictions for Bitcoin in 2023, suggesting it could reach six figures. He explained that the mainstream has yet to fully grasp the significance of blockchain technology.
Related:
Scaramucci plans to invest in a crypto firm founded by the former CEO of FTX US.
Ultimately, as more and more individuals recognize the importance of peer-to-peer transactions without the need for intermediaries, the Bitcoin and blockchain industry will soar. According to Scaramucci, there is still plenty of room for growth in the Bitcoin, blockchain, and crypto markets.