In a recent conversation at Consensus Hong Kong, Anthony Scaramucci, the founder of SkyBridge Capital, revealed his strategy to purchase Bitcoin during the ongoing market downturn. Scaramucci noted that he had recently acquired Bitcoin at varying prices, indicating a bullish sentiment despite the volatility. “So 10 days ago, we were buying Bitcoin at $84,000 last week; we’re buying Bitcoin at $63,000 this week,” he stated, emphasizing his commitment to the cryptocurrency even in challenging conditions. He compared investing in Bitcoin during its price decline to “catching a falling knife,” highlighting the risks involved in such decisions.
Following a significant market fluctuation that saw Bitcoin’s price fall nearly to $60,000 from its peak of over $126,000 last October, there has been a slight recovery. As of his latest comments, the cryptocurrency is hovering around $69,000 amid indications of capitulation in the Bitcoin ETF market.
Scaramucci also expressed his views on former President Donald Trump, calling him a “crypto president.” He contended that Trump was more favorable to the cryptocurrency industry than his predecessor, yet acknowledged the limitations placed on Trump’s policies due to his controversial geopolitical actions. “The Greenland stuff is actually tied to the industry. If he does stuff like that, it upsets the opposition to the point where they are willing to vote against the crypto bill just to thwart him,” Scaramucci elaborated, commenting on the politically charged environment surrounding digital assets.
In addition to discussing Bitcoin, Scaramucci shared insights into the evolving landscape of blockchain technology, particularly emphasizing the potential of Solana as a leading Layer 1 protocol. He predicted that Solana would capture a significant market share, positioning it as a key player in the future of blockchain development.
