Bitcoin is As Safe as Bonds and Gold. Anthony Scaramucci, president of SkyBridge Capital and also the former head of communications for the White House, has addressed most of the risks associated with digital assets. Then he considers that the value proposition of the cryptocurrency Bitcoin has strengthened significantly. In an opinion piece published by CNN, Scaramucci and Brett Messing, one of SkyBridge’s other executives, noted that the Bitcoin cryptocurrency is a reliable option for long-term investors who want to protect themselves from inflation. SkyBridge executives also suggested that bitcoin carries far less risk than a few years ago when regulations and infrastructure were not yet sufficiently developed.
Looking at the article, the growth of the Bitcoin cryptocurrency has caused governments and organizations to intervene and address most of the risks associated with digital coins.
The article continued as follows:
”(…) increased regulations, improved infrastructure, and access to financial institutions that protect investors ‘ money, such as Fidelity, have made Bitcoin investments as safe as commodities such as bonds and gold.”
SkyBridge Capital filed an application with the U.S. Securities and Exchange Commission to launch a Bitcoin hedge fund. Fidelity offers the fund storage service, which is launched a few weeks after the current application, and Ernst & Young offers the Audit Service.
November and December SkyBridge invested in the cryptocurrency Bitcoin. He had taken a big position before the start of the parabolic rise of cryptocurrency. On January 4, 2021, the company announced that the value of its bitcoin deposits was worth about $ 310 million. Bitcoin is As Safe as Bonds and Gold