Despite the significant drop in the cryptocurrency market, SkyBridge Capital CEO Anthony Scaramucci noted that bitcoin has performed better than the shares of many technology companies.

Anthony Scaramucci invests in a variety of assets, including cryptocurrencies. And, according to him, bitcoin is still not the worst asset for investment. For example, since the beginning of the year, the stock price of the largest retailer Amazon has fallen by 50%. And shares of the popular electric car manufacturer Tesla lost 69%. Bitcoin, at the same time, decreased by only 64%.

The CEO of SkyBridge Capital stressed that the cryptocurrency market was shaken by really big failures. For example, the Terra ecosystem collapsed, and towards the end of the year, news outlets around the world were full of headlines about the bankruptcy of a large FTX cryptocurrency exchange. And against the background of these events, the decline of bitcoin by only 64% confirms its value as an investment asset.

At the time of publication, the first cryptocurrency is trading at $16,600. The growth rate was 0.2% per day. In August, Scaramucci said that accepting bitcoin is still not enough to call it an asset for hedging inflation.