$3,500,000,000 Hedge Fund Doubles Down on Bitcoin (BTC), Ethereum (ETH) and Algorand (ALGO):

TLDR:

SkyBridge Capital founder Anthony Scaramucci is reportedly devoting nearly half of his firm’s $3.5 billion worth of assets under management to Bitcoin (BTC), Ethereum (ETH), Algorand (ALGO) and crypto-related stocks.

In addition to this, the hedge fund has a lot of belief in Algorand and went on to say:

“I’ve got a quarter-billion dollars in Algorand right now. I think Algorand will be the Google… Algorand to me is the future. It’s just going to require more and more people doing deep dive due diligence and making the decision to choose it.”

Scaramucci predicts Algorand will eventually challenge leading competitors in the crypto industry just as Google did in the early days of the internet.

What are your thoughts on investing a cool $250,000,000.00 in Algorand? Do you think this is a wise move or the hedge fund sees sense?

The full article can be found here: source

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