“I thought SBF was the Mark Zuckerberg of cryptocurrencies,” says Anthony Scaramucci

In a candid interview with Cointelegraph at the World Economic Forum in Davos, Anthony Scaramucci, co-founder of SkyBridge Capital, criticized Sam Bankman-Fried and shed some light on his cryptocurrency portfolio.

Scaramucci trusted former CEO, Sam Bankman-Fried (SBF) of FTX, who imploded in late 2021. Scaramucci said in a pre-interview panel that the “Ninth Circle of Hell” is reserved for SBF . He added further color to the comments under discussion with Cointelegraph:

“I actually thought he was the Mark Zuckerberg of cryptocurrencies. I didn’t know it was Bernie Madoff. And it’s something I have to own. And so I own it.

The ‘Mooch’ as ​​he is known explained that he is happy to talk about his mistakes in trusting SBF. “I like to talk about it because if I can stop someone else from having a calamity like this, just by learning from us, it’s worth it to me,” he explained.

Scaramucci is currently working to recover the stake in his company that FTX lost. He is confident that the 30% stake acquired by FTX Ventures will be paid back in 2023.

The Cointelegraph team is reporting live from Davos.

Speaking to Cointelegraph senior reporter Gareth Jenkinson, Scaramucci also disclosed his cryptocurrency portfolio:

“I started tracking Bitcoin investments in 2020. Then we started buying Ethereum in the early part of 2021. We have some Solana, we have something called Algorand, which is a smaller layer, but it has great technology. “

SkyBridge Capital’s investments in cryptocurrencies may come as a surprise to a thought leader who once tweeted that he “couldn’t care less” about Bitcoin (BTC). In fact, since Scaramucci first tweeted about Bitcoin a decade ago in 2013, the currency is up more than 1,000%.

Scaramucci concluded that he made many mistakes during his Bitcoin and cryptocurrency journey. It took him many years and interactions with leaders in the space, like the Winklevoss twins, before he invested. He shared that “skepticism usually arises from a lack of knowledge.”

“The more homework you do on blockchain, the more you understand how blockchain will be a very important part of our future.”

The Mooch is now a regular commentator in the crypto space and recently shared his 2023 price predictions for Bitcoin in the six-figure territory. The “mainstream” has yet to come to terms with the blockchain, it has destroyed

Related: Scaramucci to invest in cryptocurrency firm founded by former US head of FTX

Eventually, as more and more people begin to understand the importance of transacting with each other without third parties, the Bitcoin and blockchain space will take off:

“When you understand the extent of it, it will be a wonderful layering mechanism that will lead to great economic efficiency and innovation. That’s why I’m in space.

According to Scaramucci, there is still a lot of room for growth in the Bitcoin, blockchain and cryptocurrency markets.