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Head of SkyBridge Capital (a global investment firm based in New York CityAnthony Scaramucci recently told Business Insider that finds the technology of the Algorand project impressive and that he made a major investment in ALGO.
The high-bandwidth blockchain was created by Italian computer scientist Silvio Micali, who recently called Bitcoin a “Neanderthal.”
Scaramucci believes that stock market traders have not yet capitulated, since there is no extreme panic in the air. Speaking about the dynamics of the price of bitcoin, he refrained from predicting the price, but the investor believes that “anything can happen.”
Scaramucci added that people should not own Bitcoin or Ethereum unless they believe in their technology. The investor is confident that the blockchain is the most breakthrough innovation since the advent of the Internet.
An opportunity to buy?
He advises investors to contact investment strategy for averaging dollar value (DCA). He believes that now that the shares of big tech giants such as Amazon (AMZN) have fallen by more than 20%, investors in the technology sector have an amazing opportunity to buy.
The Mooch is also betting on shares of Coinbase, the largest cryptocurrency exchange in the US. COIN shares fell by more than 80% compared to the peak value, which corresponds to the indicators of the leading cryptocurrencies.
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