Many investors in crypto have lost their investments due to ongoing volatility. The effects of the crash still have reverberations across crypto exchanges and firms.
Some lost liquidity and couldn’t sustain users’ demands, while others downsized their staff capacity. While chaos was raging, there were some investors who seized this opportunity to grow their crypto portfolio. Anthony Scaramucci, an example of such futur-oriented investor, is one.
Scaramucci revealed today that SkyBridge Capital was responsible for increasing its BTC and ETH volumes during the crash. While others were trying to save their losses, SkyBridge Capital was busy building up its future.
XRP Consolidates, Is It Going To Retrace Now?| XRP Consolidates, Is It Going To Retrace Now?
Scaramucci stated that investors need to be more disciplined during chaos than panicking. Scaramucci pointed out that crypto’s top competitors would also be able to survive Amazon’s winter of 20 years ago.
Cryptocurrency: Discipline is Key
According to market reports, things aren’t looking very good. The worst day was June 14, when most cryptos dropped terribly, according to data. The bloodbath continues to deepen, with even crypto BTC number one falling below its record in the fourth quarter of 2020. Ethereum (ETH), which has fallen below its 2018 ATH, is not also doing well.
This creates panic and fear in the industry. Scaramucci believes that staying calm in the midst of chaos is the best choice. This was his position during an interview.
Scaramucci was a long-standing supporter for bitcoin. Even though there are not many positive signs, Scaramucci is optimistic that BTC and other top crypto projects will be able to rebound after the storm. Scaramucci claims that Bitcoin recently has dominated crypto markets to greater heights. So, there’s hope it will rebound.
Scaramucci attributes the ongoing downward trend to the actions of Terra (Climate) and Terra (Terra) during the drop in prices. Investors should avoid using leverage and stay longer to prevent such things.
Similar Reading: Bitcoin in a Relentless Sell-Off. Is it Targeting $13,000 Right Now?| Bitcoin Amidst Relentless Sell-Off; Is It Targeting $13,000 Now?
Scaramucci warned Bitcoin investors at first to take care when scaling up their investments. According to Scaramucci’s strategy, investors must remember that cryptocurrency is going to be around for the long-term and should allocate enough capital to invest.
Does Discipline Involve More Investment?
Scaramucci was asked why he bought more BTC, ETH during the interview. Scaramucci was asked if the decision was part of the discipline that he recommended. Answering that question, the financial expert said stacking up is part of his discipline.
According to him, people will regret not taking the plunge after the storm passes.
Featured image taken from TradingView.com. Chart from TradingView.com.