SkyBridge Capital's founder's experience with the crypto industry has not always been positive.
He also compared BTC’s adoption, with over 300 million wallets as of now, to the Internet back in 1998, which is around 4% of the global population. As such, once this percentage doubles to 8, investors will see “explosive returns” from their bitcoin exposure.a 30% stake in SkyBridge Capital.
Given everything that happened with SBF just a few months after that deal, Scaramucci has turned against his former partner,him the Bernie Madoff of crypto in the past. In the most recent interview, he even went a step further: “You’re mentioning the Sam Bankman-Fried thing. It was almost like if John Meriwether and Bernie Madoff had a baby, it was Sam Bankman-Fried. You got everything in that story. You got fraud, you got over-leverage, you’ve got excess confidence. And it caused a really big depression in the markets.”
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