Scaramucci Buys the Bitcoin Dip, Calls Trump a ‘Crypto President’
Anthony Scaramucci, founder of SkyBridge Capital, said Wednesday that his firm has been actively buying Bitcoin at multiple price points, including $84,000, $63,000, and lower levels in the current market downturn.
Speaking with Bullish CEO Tom Farley at Consensus Hong Kong, Scaramucci explained, “Ten days ago, we were buying Bitcoin at 84,000, last week at 63,000, and we continue to be buyers in this market.” He noted that purchasing during a downward trend is risky, likening it to “catching a falling knife.”
Bitcoin recently fell to nearly $60,000 after reaching a high above $126,000 in October. Since then, the price has recovered slightly to around $69,000 amid signs of capitulation in the Bitcoin ETF sector.
Scaramucci also weighed in on politics, calling former President Donald Trump “a much better president for crypto” than his predecessor. He cautioned, however, that some of Trump’s controversial moves—like his Greenland proposals—can prompt opposition Democrats to block initiatives affecting digital assets.
“The Greenland stuff, believe it or not, is tied to the industry,” he said. “Moves like that upset the opposition so much that they’ll block crypto-related bills just to oppose Trump, even if it hurts themselves.”
On the blockchain front, Scaramucci highlighted Solana as a programmable Layer 1 platform poised to capture significant market share in the coming years.
