SkyBridge has achieved a 16% return this year on the back of Bitcoin’s surge
SkyBridge Capital, a hedge fund led by Anthony Scaramucci, has achieved a return rate of 16% so far this year in the market environment of a significant increase in Bitcoin. "Our digital asset business has risen by about 35%, so our performance at the beginning of this year is very strong," Scaramucci said in an interview with Bloomberg News in Abu Dhabi. He mentioned that in the past 14 months, SkyBridge's asset base has grown by 40%. Scaramucci made his comments on Wednesday when Bitcoin was hovering below $60,000. Since then, the price of Bitcoin has further risen and is approaching its historical high. Currently, about one-third of SkyBridge's total assets of $2.4 billion are invested in cryptocurrencies. "I am confident that the price of Bitcoin will double in the next 18 months. If this becomes a reality, then the proportion of these assets will increase," Scaramucci said.
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