SkyBridge’s Scaramucci: Bitcoin Is ‘Technically Oversold’
— Overboard, Tendency, Sector, Oversold, Younger, Trump, Recently, Bitcoin, Technically, Technologies, Participants, Scaramucci, Things, Periods, Skybridges — 1 min read
The former Trump administration director of communications said younger sector participants have a “tendency to do things that are excessive and overboard” during macroeconomic periods of “easy money” where nascent industries or technologies emerge, such as crypto, emerge, he said. He said younger investors have a tendency to do "excessive and overboard" during these times of easy money, like crypto, they have to do more than "easy money," such as in the first few years of the financial boom, he added. He added that younger investors should be aware of the risks of over-extremism and over-excessive over-indulge in digital currency markets such as bitcoin and other currencies such as cryptocurrencies, especially in crypto. Source