'The fair market value for bitcoin right now is about $40,000,' said Skybridge Capital's founder, adding that ether's fair market value is about $2,800. crypto cryptocurrency $BTC $ETH
Scaramucci confirmed that withdrawals are still halted, adding that the move was necessary to keep the fund’s composition intact after investment bank Morgan Stanley put a sell recommendation on the fund.
“I can’t have the private investments go too high,” the Skybridge founder stressed. “I can’t let everybody out right at this second until I can have appropriate fairness and balance in the fund.” He revealed that the fund is currently selling some of its private investments, noting: “Once we get liquid on those investments, we will then let whoever wants to get out.”the price of bitcoin to reach $100K this year and $500K long-term.
Commenting on the U.S. economy, the Skybridge executive said, “I think the second half of the year is going to surprise people because there’s already a slowdown in consumption.” He opined: There will likely be a shallow, but not a deep recession because people have a tremendous amount of savings. And there are more jobs available than people looking for them.
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