Scaramucci Buys Bitcoin on Dip, Calls Trump a ‘Crypto President’
Anthony Scaramucci, founder of SkyBridge Capital, revealed Wednesday that his firm has been actively purchasing Bitcoin at multiple price points, including around $84,000, $63,000, and in the current lower range of the market.
Speaking with Bullish CEO Tom Farley at Consensus Hong Kong, Scaramucci said, “Ten days ago, we were buying Bitcoin at 84,000, last week at 63,000, and we continue to be buyers of Bitcoin in this market.” He acknowledged that buying during a downtrend is risky, likening it to “catching a falling knife.”
Bitcoin recently tumbled to nearly $60,000 after peaking above $126,000 in October. Since then, prices have rebounded slightly to around $69,000, amid signs of capitulation in the Bitcoin ETF market.
On the political front, Scaramucci praised former President Donald Trump as more favorable to crypto than his predecessor. However, he noted that some of Trump’s controversial geopolitical moves—such as his Greenland proposals—can backfire, galvanizing opposition Democrats to block initiatives, including those affecting digital assets.
“I’ll just say that the Greenland stuff, believe it or not, is tied to the industry,” Scaramucci explained. “If he does things like that, it upsets the opposition to the point where they say, ‘We don’t want him to win on anything,’ and even if it hurts ourselves, we’ll vote against crypto-related bills to spite Donald Trump.”
On the blockchain front, Scaramucci highlighted Solana, a programmable Layer 1 platform, predicting it will capture significant market share in the coming years.
About The Author
More Stories
Robinhood falls short of Q4 revenue expectations as crypto downturn weighs on quarterly results.
Bithumb concedes that critical vulnerabilities left its internal infrastructure open to potential tampering.
Crypto’s latest downturn reflects turbulence in traditional financial markets rather than an industry-specific crisis.