$ALGO: SkyBridge Capital Founder Calls Algorand ‘The Google’ of Crypto

$ALGO: SkyBridge Capital Founder Calls Algorand ‘The Google’ of Crypto
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In a recent interview, former White House Director of Communications Anthony Scaramucci, who is the founder and managing partner of global alternative investment firm SkyBridge Capital (“SkyBridge”), shared his latest thoughts about Algorand ($ALGO).

SkyBridge is a global alternative investment firm specialising in multi-strategy funds blended with hedge fund products, customized segregated account portfolios and hedge fund management advisory solutions to meet the needs of a wide range of market participants, from accredited individual investors to large institutions."

As BINANCE Research explained in a research report published in June 2019, Algorand is “a permissionless, pure proof of stake blockchain that ensures full participation, protection and speed within a truly decentralized network.”

Algorand's goal is "to eliminate the technical obstacles that have undermined the adoption of mainstream blockchain: decentralisation, scale, and security."

Algorand was built by a team of 'internationally renowned researchers, mathematicians, cryptographers, and economists and leaders from global tech companies." the leadership team consists of silvio micali (founder), steve kokinos (managing director), & w. sean ford (coo).

According to a report published by The Daily Hodl earlier today, in an interview with Digital Asset News that was released on YouTube yesterday (January 15), Scaramucci explained why he has so far invested $250 million in Algorand:

I’ve got a quarter-billion dollars in Algorand right now. I think Algorand will be the Google...

You and I, when we were youngsters, we were logging onto the internet using AltaVista. We used lycos, America online – even wonders, if you remember. Then, in 1998, this company came on Google and people were like, "Why the hell do I need this? I have all these other instruments to access the Internet, and people say, "Well, you know, it's faster. The algorithms are more common. It’s going to lead to better outcomes,’ and lo and behold, Google trumped everybody, and I think that’s going to happen with Algorand...

“I think ultimately when the big enterprises get on to the tokenization side of the market and they start working in the world of DeFi (decentralized finance), they’ll need something that’s scalable like Algorand, secure like Algorand and ultimately decentralized, so they won’t have to worry about capricious inflation-deflation of what it is that they’re using as a form of exchange of value...

Algorand to me is the future. It will just take more and more people doing their due diligence and making the decision to choose it.

Last month, in an interview with CNBC’s Halftime Report, Scaramucci talked about why his firm had launched a $100 million fund to invest in Algorand:

The Skybridge research department thinks that Algorand actually has the opportunity to potentially flip Ethereum: it’s faster, [has] lower transaction charges. She's got a negative net carbon footprint.

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