We're in a crypto "winter," but you wouldn’t know it by attending the annual SALT conference in New York City this week, sponsored by hedge fund SkyBridge.
Driving the news: A week ago, the Anthony Scaramucci-founded firm announced it sold a 30% stake to crypto exchange FTX — and the conference felt like an ad for the hedge fund’s new owner.
FTX was everywhere: logos all over the event, an interview with CEO Sam Bankman-Fried kicking off the conference, and his other execs littered throughout the rest of the day's program (four spoke on stage, according to the agenda).
The big picture: The price of bitcoin is off 70% from its all-time high last November, while laser eyes and ".eth" (a reference to ethereum) have all but disappeared from Twitter profiles. Yet SkyBridge seems to be betting the farm (or at least 30% of it) on crypto.
“We did that because Sam is a visionary and probably the most visionary person in crypto,” Scaramucci told a group of journalists at the event. "[Crypto]...
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