SkyBridge Capital founder Anthony Scaramucci said Wednesday that he is buying bitcoin. during the market crash and described Donald Trump as a “crypto president.”
“10 days ago, we were buying Bitcoin at 84,000 last week, we are buying Bitcoin at 63,000 bitcoins this week, we are 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 downtrend market is like catching a falling knife.
Bitcoin recently plummeted to nearly $60,000, after reaching a high of over $126,000 in October of 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 cryptocurrencies than his predecessor, but added that Trump’s geopolitical antics, such as his ambitions in Greenland, embolden rival Democrats to oppose him on various policies, including those affecting digital assets.
“I’ll just tell you, the Greenland thing, believe it or not, is actually tied to the industry. If you do things like that, it upsets the opposition to the point of saying, ‘You know what? We don’t want him to win anything, and even if he’s going to screw us over and cut our own horses, we’ll vote against the cryptocurrency bill to hurt Donald Trump,” he explained.
Speaking of Layer 1, Scaramucci said that the Solana programmable blockchain will be one of those that will gain the largest market share.
