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SkyBridge’s Scaramucci is purchasing bitcoin during the market decline, refers to Trump as a cryptocurrency President.
Scaramucci mentioned that SkyBridge has been acquiring bitcoin at different price levels, including approximately $84,000, $63,000, and currently within a lower range.
What to know:
- Anthony Scaramucci, founder of SkyBridge Capital, indicated that he is still purchasing bitcoin despite the recent decline in the market.
- Scaramucci observed that SkyBridge has been acquiring bitcoin at multiple price levels, including around $84,000, $63,000, and in the current lower range.
- His remarks were made during an exchange with Bullish CEO Tom Farley at the Consensus Hong Kong conference, following Bitcoin’s drop to nearly $60,000 after a recent peak.
SkyBridge Capital’s founder Anthony Scaramucci stated on Wednesday that he is acquiring bitcoin amid the market decline and referred to Donald Trump as a “crypto president.”
“About 10 days ago, we were buying Bitcoin at $84,000, last week, you’re buying Bitcoin at $63,000, and this week, we’re buyers of Bitcoin in this market again,” Scaramucci remarked during a discussion with Bullish’s CEO Tom Farley at Consensus Hong Kong.
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He added that purchasing bitcoin in a declining market is comparable to catching a falling knife.
Bitcoin recently plunged to nearly $60,000 after reaching a peak of over $126,000 in October this year. Prices have slightly recovered to $69,000 since then, amid indications of capitulation in the bitcoin ETF market.
Scaramucci stated that President Donald Trump is a significantly better President for crypto compared to his predecessor, but mentioned that Trump’s geopolitical actions, such as his Greenland ambitions, provoke rival Democrats to resist him on various policies, including those related to digital assets.
“I’ll just mention that the Greenland situation, believe it or not, is actually linked to the industry. If he engages in actions like that, it irritates the opposition to the extent that they’re likely to think, You know what? We don’t want him to succeed in anything, and even if it means undermining ourselves, we will vote against the crypto bill to hinder Donald Trump,” he clarified.
Regarding Layer 1s, Scaramucci stated that the programmable blockchain Solana is expected to capture a significant share of the market.
