VRB News
Virtual Reality Brisbane
  • Home
  • About us
  • IT news
  • Tech
  • World
  • Contact
No Result
View All Result
  • Home
  • About us
  • IT news
  • Tech
  • World
  • Contact
No Result
View All Result
No Result
View All Result
Home IT news

Hedge fund manager Sees the crypto market on the upswing again soon

admin by admin
August 17, 2022
in IT news
0
Hedge fund manager Sees the crypto market on the upswing again soon
0
SHARES
12
VIEWS
Share on FacebookShare on Twitter

Anthony Scaramucci, the founder of the hedge fund Skybridge Capital, is convinced that the future of the crypto markets will be rosy, which is why he advises investors to “look beyond the current crisis”.

The hedge fund manager comes to the corresponding forecast in a recent interview with CNBC, in which he refers, among other things, to the new cooperation between the crypto exchange Coinbase and the influential asset management BlackRock. So their new Bitcoin investment fund would be a very positive sign.

“Finally, BlackRock CEO Larry Fink notices the institutional demand for digital assets, otherwise he would hardly introduce such an investment product and cooperate with Coinbase.

“I remind you that there are only 21 million Bitcoin (BTC) in total, and there will be a shortage that will leave very little supply,” Scaramucci said.

Ethereum Merge as a driving force

The expert also sees the upcoming merger of Ethereum (ETH), which is scheduled for September 15, as an important event that could have a lasting impact on the price development of the second largest cryptocurrency.

For example, traders are currently increasingly buying the leading altcoin in order to be able to take the potential of switching to the proof-of-stake (PoS) consensus procedure with them, but Scaramucci sees the danger that investors will sell off quickly.

“Many traders are currently speculating on the hopes for the merge, and will probably sell again immediately when it is actually completed, but I would advise people not to do this, because this is actually a good long-term investment,” said the hedge fund manager.

Despite the ongoing bear market, some cryptocurrencies are now on the upswing again. For example, BTC was able to gain 20% last month and almost climb back up to $ 25,000, while ETH with a whopping increase of 62% is within reach of the important $ 2,000 mark.

In this context, Scaramucci underlines that he has already noticed an increased interest from investors with his company, and he also assumes that the global economy will be able to build on its strong performance from the fourth quarter of 2019 in 6 to 12 months.

Overall, the expert is therefore in a positive mood regarding the medium to long-term development of the crypto market, which is why he advises against reacting excessively panicky and emotionally to bad news and falling prices.

Previous Post

Crypto News: the most important events of the week

Next Post

Dangerous Data Fishing: Phishing has many faces

admin

admin

Related Posts

ChatGPT gets paid version with subscription model
IT news

ChatGPT gets paid version with subscription model

February 2, 2023
When is the HOT SALE 2023 in Mexico?
IT news

When is the HOT SALE 2023 in Mexico?

January 31, 2023
Dedicated Servers
IT news

The advantages of dedicated servers: cost, performance, security

January 27, 2023
Different types of proxies and their benefits for online security
IT news

Different types of proxies and their benefits for online security

January 27, 2023
Image technology: DHL warns against fake SMS – you need to know that fake SMS with supposed address queries from DHL are circulating at the moment. Sometimes the messages seem very authentic. That’s what’s behind it. More…
IT news

Image technology: DHL warns against fake SMS – you need to know that fake SMS with supposed address queries from DHL are circulating at the moment. Sometimes the messages seem very authentic. That’s what’s behind it. More…

January 25, 2023
Next Post
Dangerous Data Fishing: Phishing has many faces

Dangerous Data Fishing: Phishing has many faces

Premium Content

Oculus Quest 2 is the best VR headset you can buy

Oculus Quest 2 is the best VR headset you can buy

March 9, 2022
Apple: the combination of augmented reality and electronic purchases

Apple: the combination of augmented reality and electronic purchases

August 19, 2020
SteamVR update improves the use of (Air) Link

SteamVR update improves the use of (Air) Link

July 8, 2021

Browse by Category

  • Games
  • IT news
  • Tech
  • World

VRB News is ready to cooperate with webmasters and content creators. Send an email to info@virtualrealitybrisbane.com

Categories

  • Games
  • IT news
  • Tech
  • World

Recent Posts

  • ChatGPT gets paid version with subscription model
  • When is the HOT SALE 2023 in Mexico?
  • The advantages of dedicated servers: cost, performance, security

© 2021 - The project has been developed ServReality

No Result
View All Result
  • Home
  • About us
  • IT news
  • Tech
  • World
  • Contact

© 2021 - The project has been developed ServReality

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?