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SkyBridge Capital founder Anthony Scaramucci revealed that he is actively buying bitcoin during the latest crypto market downturn, reinforcing his long-term bullish stance on the leading digital asset. Speaking at Consensus Hong Kong in a conversation with Bullish CEO Tom Farley, Scaramucci said his firm has been accumulating BTC at multiple price levels as volatility shakes the market.
“So 10 days ago, we were buying Bitcoin at $84,000. Last week, we were buying Bitcoin at $63,000. This week, we’re buyers again,” Scaramucci stated, emphasizing SkyBridge’s commitment to investing in bitcoin despite sharp price swings. He compared purchasing bitcoin in a falling market to “catching a falling knife,” a common Wall Street phrase that highlights the risks of buying during a downturn.
Bitcoin recently dropped to nearly $60,000 after reaching an all-time high above $126,000 in October. The cryptocurrency has since rebounded to around $69,000, supported by signs of capitulation in the bitcoin ETF market and renewed investor interest. Market volatility continues to define the crypto landscape, but institutional investors like SkyBridge Capital appear to view the dip as a buying opportunity.
Scaramucci also described President Donald Trump as a “crypto president,” arguing that Trump’s policies are more favorable to digital assets than those of his predecessor. However, he warned that Trump’s geopolitical moves, including controversial proposals like acquiring Greenland, could intensify political opposition and potentially impact crypto legislation. According to Scaramucci, heightened partisan tensions may lead some lawmakers to resist supporting crypto-related bills.
Beyond bitcoin, Scaramucci highlighted Solana as a leading Layer 1 blockchain poised to capture significant market share. As programmable blockchains compete for dominance, he believes Solana could emerge as one of the strongest performers in the evolving digital asset ecosystem.
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