The CEO of hedge fund SkyBridge Capital Anthony Scaramucci believes that Bitcoin (BTC) is currently undervalued.
Scaramucci says in a new Bloomberg interview that the crypto market is “overshot to the downside” after the FTX debacle last year.
According to the SkyBridge Capital CEO, Bitcoin should be currently worth approximately $40,000 – about 46% lower than the current level.
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“A lot of things happened last year. 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.
And the market is probably overshot to the downside. And
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