SkyBridge’s Scaramucci: Bitcoin Is ‘Technically Oversold’

Jun 24,2022
KingData News: Given bitcoin’s (BTC) widening use in an increasing number of areas and the exponential growth of wallet activity, the crypto is “technically oversold” at current levels, SkyBridge founder Anthony Scaramucci said Thursday in a speech at the Collision conference in Toronto. Scaramucci said investors may look back and recognize bitcoin being a “very cheap asset that we can take advantage of because of certain people being over-levered in the system.” He said he was initially skeptical about bitcoin, though discussions years ago around digitizing the U.S. dollar spurred his interest in blockchain technology. SkyBridge has launched various bitcoin-related funds, and also tried to garner approval for a spot bitcoin ETF, which was rejected by the U.S. Securities and Exchange Commission (SEC). (CoinDesk)
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