Anthony Scaramucci, the founder of SkyBridge Capital, said on Wednesday that he is buying Bitcoin during market declines while calling Donald Trump the cryptocurrency president.
“Ten days ago, we were buying Bitcoin last week at 84,000 BTC, this week you were buying Bitcoin at 63,000 BTC, and we are again a Bitcoin buyer in this market,” Scaramucci said while speaking with Bullish CEO Tom Farley at Consensus Hong Kong.
He added that buying Bitcoin in a downtrending market is like catching a falling knife.
Bitcoin recently plummeted to nearly $60,000 after peaking at over $126,000 in October of this year. The price has since recovered slightly to $69,000 as the Bitcoin ETF market showed signs of capitulation.
Scaramucci called President Donald Trump a better cryptocurrency president than his predecessor, but added that Trump’s geopolitical shenanigans, such as his Greenland ambitions, have emboldened rival Democrats to oppose his various policies, including those affecting digital assets.
“I just want to say to you, the Greenland thing, believe it or not, is actually very relevant to the industry. If he did something like this, it would upset the opposition and they would say, you know what? We don’t want him to win on anything, even if it pisses us off and cuts off our own horses, we’re going to hurt Donald Trump by voting against the cryptocurrency bill,” he explained.
Speaking of Layer 1, Scaramucci said that the programmable blockchain Solana will become one of the largest market share collectors.