Anthony Scaramucci Backs Avalanche as Enterprise Blockchain Leader

Anthony Scaramucci, founder of SkyBridge Capital and former White House communications director, has reinforced his confidence in digital assets by investing in Avalanche (AVAX). With a background spanning law, banking, and media, Scaramucci brings a broad perspective to financial technologies and blockchain adoption.

In a recent CNBC interview, he praised Avalanche as “a Swiss Army knife of Layer-1 blockchains,” citing its speed, flexibility, and enterprise-ready architecture. Avalanche’s subnet functionality allows institutions to create custom blockchains for tokenized funds, securities, and digital assets, helping firms meet regulatory and operational demands more effectively.

Highlighting growing credibility, Scaramucci pointed to adoption by major players like BlackRock and Visa. He noted that institutional interest signals Avalanche’s potential to rival Ethereum and Solana, particularly in tokenized finance and enterprise applications.

While supporting Avalanche, Scaramucci reiterated his bullish stance on Bitcoin, projecting a cautious year-end 2025 price of $180,000 to $200,000. His investment strategy emphasizes blockchain platforms with strong technical capabilities and practical enterprise use cases.

Building on this momentum, Avalanche is advancing institutional expansion with plans to raise $1 billion via two U.S.-based cryptocurrency treasury vehicles. The first, led by Hivemind Capital, targets a $500 million private investment in a Nasdaq-listed company, while the second involves a $500 million SPAC backed by Dragonfly Capital. Both deals, expected to close in October, will purchase AVAX tokens directly from the Avalanche Foundation at discounted rates.

Market reaction has been positive. As of September 23 during Asian trading hours, AVAX was priced at $33.18, reflecting a 3.7% daily rise and a 27.5% monthly gain. With increasing institutional and retail attention, Avalanche is positioning itself as a versatile blockchain platform for the next wave of digital finance.