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Troy Gayeski, Co-Chief Investment Officer and Senior Fund Manager at SkyBridge Capital, claims that having a “significant Bitcoin position” may be the secret to a “good to great” year. Gayeski also expressed his views about what people could expect if they did not invest in Bitcoin in a recent interview with Bloomberg Surveillance. He believes it can only get “tougher” in the face of “choppy” financial policies. He elaborated:
“If you had a meaningful Bitcoin position, you had a good to a great year, and if you didn’t, it could be much tougher to perform given all the phenomena that we are discussing in terms of choppy monetary policy, rates, valuations.”
Furthermore, Gayeski reported that SkyBridge Capital’s exposure to Bitcoin accounted for approximately 13% of the company’s portfolio. According to the executive, the corporation will continue to keep the commodity for the time being and he is unconcerned about Bitcoin’s price instability. He said that volatile markets were “one of the costs” of increased efficiency. Gayeski went on to say:
It’s a unique opportunity where you are actually getting paid for that risk.
Bitcoin excitement pervades the SkyBridge squad, as Gayeski is not the only member of the fund manager who is optimistic on the cryptocurrency. Anthony Scaramucci, Founder of SkyBridge Capital, recently announced that, apart from Bitcoin, no other cryptocurrency has inspired him sufficiently. The former White House Communications Director claimed that he was “singularly focused” on the flagship cryptocurrency and was not influenced by Ethereum or other cryptocurrencies such as DOGE.
Scaramucci founded a Bitcoin Fund at the end of Trump’s presidency, which now holds about $500 million in Bitcoin. During the November and December rallies, the company spent about $310 million in Bitcoin. As a result of this decision, the company’s Bitcoin fund increased in value. In reality, COO Brett Messing stated that the fund grew to $360 million in the first few weeks of operation.