Scaramucci Accumulates Bitcoin During Pullback, Praises Trump’s Crypto Stance
SkyBridge Capital founder Anthony Scaramucci said Wednesday that his firm has continued accumulating Bitcoin throughout the recent market decline, purchasing the asset at several price levels, including around $84,000, $63,000, and within the current lower trading range.
Speaking alongside Bullish CEO Tom Farley at Consensus Hong Kong, Scaramucci emphasized that SkyBridge remains committed to buying despite volatility. “Ten days ago we were buying at 84,000. Last week we were buying at 63,000. And we’re still buyers in this market,” he said. He acknowledged the inherent risk of stepping in during a downturn, comparing the strategy to “catching a falling knife.”
Bitcoin recently dropped to nearly $60,000 after reaching a high above $126,000 in October. The asset has since rebounded to roughly $69,000, with signs of capitulation emerging in the Bitcoin ETF market.
Beyond market commentary, Scaramucci addressed U.S. politics, describing former President Donald Trump as “a much better president for crypto” than his predecessor. However, he cautioned that certain controversial geopolitical positions — including Trump’s renewed focus on Greenland — could intensify partisan resistance in Washington.
According to Scaramucci, such moves may push opposition lawmakers to block crypto-related legislation simply to deny Trump a political win. “If he does things that inflame the opposition, they may decide they don’t want him succeeding on anything — even if that means voting against policies that benefit the industry,” he said.
Turning to blockchain ecosystems, Scaramucci highlighted Solana as a leading Layer 1 network positioned to capture significant market share going forward.
