Skybridge CEO Lists Factors To Spur Crypto Market Recovery

The crypto industry is gradually seeing a glimpse of light with promising improvement in the performance of digital assets. Based on the flowing uptrend, Anthony Scaramucci, the founder and managing partner of Skybridge Capital, expressed optimism about the crypto future. Furthermore, he pointed out the key players that would positively impact crypto markets in the future. Scaramucci advised that investors should keep up their confidence and focus as they look beyond the present atmosphere. There would be a change for greater market profitability due to a long-term overtake with price surges. The manager expressed his views during an interview with CNBC. He maintained that lots of new projects and innovations in the crypto space are making a difference. But, to him, it would be long before the increased commercial flows in the space would yield more rewards. Related Reading: Ethereum Sees Setback After Breaking $2k, But Price Likely to Maintain Upward Trajectory Further, Scaramucci pointed out some key factors that he believes are contributory to the recovery of the crypto market. First, he stated that the Ethereum blockchain is finally getting its long-awaited upgrade as the Merge takes place on September 15. As the world’s second-largest cryptocurrency, the upgrade from Ethereum would significantly impact its market price. With the Merge launch, the network would transit from a Proof-of-Work (PoW) consensus mechanism t...