Famous Fund Manager Comments GameStop Madness: Useful For Bitcoin!
GameStop shares rose dramatically after being defended by a group of Reddit users, partially fueled by growing resentment towards Wall Street. After closing 2020 at about $ 18, GameStop’s shares closed yesterday at $ 147.98. This increase caused stocks to rise another 50% overnight. Reddit users, on the other hand, expressed great pleasure in lowering the value of Wall Street hedge funds, which took short positions in GameStop stocks. An investor said that this would benefit the Bitcoin price.
/r/WallStreetBets about to blowup another hedge fund, this one valued at $13.1 BILLION before the Reddit trolls decided to all buy GameStop lol pic.twitter.com/aONX0SwEwb
— William LeGate (@williamlegate) January 26, 2021
According to Skybridge Capital CEO Anthony Scaramucci, these things are a good sign for Bitcoin. Scaramucci used the following statements in a statement to Bloomberg :
“GAMESTOP ACTIVITY PROVIDES FURTHER EVIDENCE THAT BITCOIN WILL WORK. HOW WILL YOU BEAT THIS DECENTRALIZED CROWD? THIS GIVES ME MORE CONFIRMATION ABOUT DECENTRALIZED FINANCE. ”
Bitcoin’s price broke the all-time high of $ 42,000 earlier this month, however, it has even fallen below $ 30,000 since then. Yet this price drop did not deter those behind Skybridge Capital.
Skybridge Capital ve Bitcoin
Skybridge Capital entered the BTC industry by launching the Skybridge Bitcoin Fund earlier this month. Skybridge COO Brett Messing said the fund had risen to about $ 370 million in the first few weeks of its existence, according to the news in Decrpyt. Messing used the following statements:
“WE ARE VERY PASSIONATE ABOUT THIS. WE THINK WE ARE DOING PEOPLE A FAVOR BY INTRODUCING BITCOIN TO PEOPLE, AND WE ARE MAKING MONEY. “
Messing also said that Bitcoin is extremely “bullish” for its future. He also said he believes institutional investment in cryptocurrency could increase the price to $ 500,000, according to the news source.
“The turnaround is the transfer of micro investors and you better take it seriously. Otherwise, you will be deleted, ”he said.