Anthony Scaramucci, CEO of SkyBridge Capital, recently shared details about an informal meeting with Michael Saylor, co-founder of MicroStrategy.
Scaramucci also hinted at his forthcoming book on Bitcoin, which Saylor has contributed to.
Saylor has become a prominent advocate for Bitcoin, with MicroStrategy accumulating approximately $8.3 billion in BTC since August 2020. Initially using their cash reserves for purchases, they later raised additional funds through convertible notes to further invest in Bitcoin. This strategy positioned MicroStrategy as a de facto Bitcoin ETF before the SEC approved spot Bitcoin ETFs in January.
Scaramucci praised Saylor as a “living legend” and thanked him for writing the foreword for his new book, “The Little Book of Bitcoin,” though he revealed little about the content except for a teaser that suggests it covers insights Wall Street has already discovered.
In response to Scaramucci’s tweet, Dan Tapiero, another notable Bitcoin investor, congratulated him. Saylor recently mentioned on CNBC’s Squawk Box that MicroStrategy’s Bitcoin strategy has led to significant outperformance in share price compared to other S&P 500 companies. He also forecasted Bitcoin could reach $13 million in value over the next 21 years.
Tyler Winklevoss, co-founder of crypto exchange Gemini, has accused JPMorgan of retaliating against the platform by freezing its effort to restore banking services.
Renowned author and financial educator Robert Kiyosaki has issued a word of caution to everyday investors relying too heavily on exchange-traded funds (ETFs).
Bitcoin may be entering a typical summer correction phase, according to a July 25 report by crypto financial services firm Matrixport.
Bitcoin has dropped sharply to test its local range low near $115,000, with analysts pointing to renewed whale activity and long-dormant supply movements as key contributors to the decline.