In a recent appearance at the World Economic Forum in Davos, Switzerland, Anthony Scaramucci, founder of SkyBridge Capital, expressed his strategy shift towards macro trading as U.S. policy uncertainty continues to create market volatility under President Donald Trump’s administration. During a discussion at the Reuters Global Markets Forum, Scaramucci highlighted that macro traders are currently outperforming due to the unpredictable nature of the markets.
SkyBridge Capital, known for its significant investments in digital assets, has also been realigning its investment strategies. Recent filings indicate that their SkyBridge Opportunity Fund is adjusting its portfolio to prioritize macro strategies, with a macro weighting climbing to 69%, up from 65% in cryptocurrencies and digital assets as of March 2025.
Scaramucci, an outspoken advocate for cryptocurrencies, remains optimistic about Bitcoin’s long-term value, despite a dramatic decline from record highs in the previous year. He described the current downturn as a timing issue rather than a change in fundamentals, stating, “I don’t think the fundamental story for bitcoin has changed. If anything, you’ve seen a lot of consolidation.”
Bitcoin’s journey through 2025 has been marked by volatility, reaching a peak of over $126,000 in October before plummeting. Currently, the cryptocurrency is trading below $90,000, approximately 28% off its all-time high. Scaramucci has set a hopeful target range for Bitcoin, aiming for it to rebound to between $125,000 and $150,000. However, he acknowledged the inherent unpredictability of Bitcoin, remarking, “it does whatever it wants.”
Looking back, Scaramucci noted that expectations within the Bitcoin community were overly optimistic regarding the resolution of regulatory issues affecting digital assets. He pointed to the stablecoin legislation approved in July of the previous year and the ongoing consideration of the Clarity Act in Congress, which seeks to clarify the regulatory status of various crypto tokens, as areas of disappointment.
Despite these challenges, he remains “cautiously optimistic” about the industry’s outlook for the year ahead, suggesting that there could be potential for recovery and growth in the crypto market.
