SkyBridge Capital founder Anthony Scaramucci said Wednesday that he is buying bitcoin during the market downturn and described Donald Trump as a “crypto president.”
“So 10 days ago we bought 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 CEO Tom Farley at Consensus Hong Kong.
He added that buying bitcoin in a down market is like catching a falling knife.
Bitcoin recently crashed to nearly $60,000 after reaching a peak of over $126,000 in October this year. Prices have risen 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 scandals, such as his Greenlandic ambitions, are encouraging rival Democrats to oppose him on various policies, including those affecting digital assets.
“I’m just going to tell you that Greenland, believe it or not, is actually tied to the industry. If he does something like that, it upsets the opposition to the point where they’re like, you know what? We don’t want him to win anything, and even if it comes to defying ourselves and cutting off our own horses, we’re going to vote against the aggrieved Donald Trump,” he says.
Speaking of Layer 1s, Scaramucci said the programmable blockchain Solana will be one of the biggest market share gatherers.
