The sky bridge capital founder Anthony Scaramucci has strong faith in his firm. His firm has a strong investment in the crypto market. In the last couple of months, bitcoin has performed beyond anyone’s expectations. It has outperformed many other assets for a long period. There are certain tricks every crypto user must follow. He also talked that the four-year holding process.
Scaramucci Is Looking Foward To 2024
Scarmucci is looking forward to a bullish outlook. The next halving cycle is near, the leading market cap is going to take place next March.
The four-year cycle is once you have held a Bitcoin for four years on a rolling interval. You again pick one day for another four years. In this way, you and your Bitcoin have outperformed other assets in the market.
Bitcoin always has perhaps operated on a four-year cycle. This is kind of set in stone. The upward trend usually starts immediately after the halving cycle. Precisely after every halving cycle.
As the bitcoin reached the peak of up to 70% YTD. This regained confidence in Scaramucci. He has faith in his firm and in the market. He strongly believes he is a strong competitor to stay in the market for a long time and deserves a solid place. Bitcoin has been performing well since the beginning of 2023 and recently it beat teh S&P 500 index. They beat by 60% points.
It has increased from $16,521 to $28,060.Compared to S&P 500, it has increased only 7% this year.
Crypto is facing a difficult time, they are drying up and unable to find banking support, given the incident that happened with silicon valley and signature bank. After such a disaster, crypto is avoiding all the banks to tie up with.
