SkyBridge Capital CIO: Even if the Fed scales back asset purchases, bitcoin prices could still rise

Gold will soar to new highs next year, but investors looking for currency alternatives should look to bitcoin as global debt balloons, according to Troy Gayeski, co-chief investment officer and senior portfolio manager at SkyBridge Capital, a Forbes news outlet, June 7. purchases, gold and bitcoin prices could still rise. In addition, Gayeski expects the SEC to approve the firm’s bitcoin ETF in the fourth quarter of 2021 or the first quarter of next year, saying, “We have a small but significant position in alternatives to fiat currencies like bitcoin, which amplifies our strategic mix in our broader portfolio.” In previous news, SkyBridge Capital had filed a bitcoin ETF in mid-March of this year.