Skybridge Capital CEO Says Institutional Investors Remain Wary of Crypto Investment, Here's Why

Anthony Scaramucci the manager of one of the leading hedge funds Skybridge Capital in a recent interview with Bloomberg claimed that a majority of institutional investors are still cautious of investing in the crypto market and blockchain technology. Scaramucci’s comments are quite in contrast to the general belief that institutions have arrived in the crypto market as dozens of mainstream financial giants announced crypto-centric development this bull season. The hedge fund manager believes that the crypto market is dominated by only 10% of the financial service committee.