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SkyBridge Capital’s founder, Anthony Scaramucci, said on Wednesday that he is buying bitcoin during the market downturn and described Donald Trump as a “crypto president.”
“So 10 days ago, we were buying Bitcoin at 84,000 last week, we’re buying Bitcoin at 63,000 bitcoin this week, we’re buyers of Bitcoin in this market, again,” Scaramucci said during a conversation with Bullish’s CEO Tom Farley at Consensus Hong Kong.
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He added that buying bitcoin in a downward-trending market is akin to catching a falling knife.
Bitcoin recently crashed to nearly $60,000, after hitting a peak of over $126,000 in October this year. Prices have recovered slightly to $69,000 since then amid signs of capitulation in the bitcoin ETF market.
Scaramucci called President Donald Trump a much better President for crypto than his predecessor, but added that Trump’s geopolitical shenanigans, such as his Greenland ambitions, embolden rival Democrats to oppose him on various policies, including those that affect digital assets.
“I’ll just say to you that, like, the Greenland stuff, believe it or not, is actually tied to the industry. If he does stuff 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 if it’s going to spite ourselves and cut our own horses off, we will vote against the crypto bill to hurt Donald Trump,” he explained.
Speaking of Layer 1s, Scaramucci said that programmable blockchain Solana will be one of the biggest market share gatherers.