SkyBridge Capital founder Anthony Scaramucci said Wednesday that he is buying Bitcoin. during the market downturn and described Donald Trump as a “crypto president.”
“10 days ago we were buying Bitcoin at 84,000 last week, we’re buying Bitcoin at 63,000 bitcoins this week, we’re long Bitcoin again in this market,” Scaramucci said in a conversation with Bullish CEO Tom Farley at Consensus Hong Kong.
He added that buying bitcoin in a falling market is like catching a falling knife.
Bitcoin recently crashed to near $60,000, after hitting a high of over $126,000 in October this year. Since then, prices have recovered slightly to $69,000, amid signs of capitulation in the Bitcoin ETF market.
Scaramucci called President Donald Trump a much better president on crypto than his predecessor, but added that Trump’s geopolitical shenanigans, such as his Greenland ambitions, are emboldening rival Democrats to oppose him on various policies, including those affecting digital assets.
“I’m just going to tell you that the Greenland business, believe it or not, is actually industry-related. If he does things like that, it upsets the opposition to the point where they’re like, You know what? We don’t want him to win on anything, and even though it’s going to upset us and cut our own horses, we’ll vote against the crypto bill to hurt Donald Trump,” he explained.
Speaking about Layer 1s, Scaramucci said that the Solana programmable blockchain will be one of the biggest market share collectors.
