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Following Bitcoin’s strong start to 2023, SkyBridge Capital founder Anthony Scaramucci believes the cryptocurrency has moved past its bear market. He also expressed confidence in the crypto investments held by his firm.
During an interview with Yahoo Finance on April 6, 2018, Scaramucci discussed Bitcoin’s (BTC) performance, noting that over longer timeframes, Bitcoin has consistently outperformed every other asset class:
“Each time that you’ve held Bitcoin in a four-year rolling period, which means that you can select any day and keep it for the next four years, you’ve beaten every other asset class.”
Anthony Scaramucci, Founder of SkyBridge Capital
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Bitcoin price analysis
Bitcoin’s value rose by approximately 70% in 2023, climbing from the $16,500 level to $28,000. This stands in stark contrast to the S&P 500 index, which grew by just over 7% during the same period.
BTC/USD price | Source: CoinMarketCap
While Bitcoin has had an excellent start to 2023, this performance coincides with what can only be described as challenging market and regulatory conditions, which could potentially drive prices lower.
