Beware of robber banks (RB), bad advisors.
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Hedge fund manager Scaramucci launches cryptocurrency fund
Anthony Scaramucci’s firm SkyBridge Capital is the latest traditional fund manager to launch a bitcoin-focused fund after a surge of interest in cryptocurrencies in 2020. Scaramucci, who previously served a short stint as U.S. President Donald Trump's communications director, joins Paul Tudor Jones here and Britain's Ruffer Investment Management in embracing the nascent asset. Despite the increasing institutional acceptance of bitcoin, it remains highly volatile, subject to patchy regulation and seen by most major investors as highly risky. SkyBridge, a fund of hedge funds, on Monday announced it had started the ... (full story)