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‘This is a buying opportunity,’ says SkyBridge CEO, Scaramucci post massive sell-off
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The financial markets worldwide suffered a brutal sell-off on 26 November. Investors scrambled to shelter themselves from economic hardships that could be brought back by lockdowns and travel bans. However, Anthony Scaramucci of investment firm SkyBridge Capital believed it to be a buying opportunity for both, stocks and crypto-assets.
Top crypto, Bitcoin plunged to its lowest levels since the second week of October. The total cryptocurrency market suffered a 5.5% devaluation amounting to over $200 billion. Along with BTC, top altcoins such as Ethereum, Solana, Polkadot, Ripple, and Avalanche lost between 5-12% of their value in a 24-hour time frame.
Global stocks and oil prices suffered similarly, with the S&P down 2.27% and oil futures
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