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Anthony Scaramucci: Liquidity from the cryptocurrency market has been drained by Trump’s meme coins., 2026/02/16 11:14:22
The CEO of SkyBridge Capital, Anthony Scaramucci, asserts that the emergence of meme coins associated with the family of U.S. President Donald Trump in January 2025 had a detrimental effect on the cryptocurrency market.
The former White House communications director recalled that following Trump’s inauguration, the TRUMP token experienced a rapid surge, with its market capitalization reaching $29 billion within two weeks. According to Scaramucci, these “Trump coins” siphoned billions of dollars from the altcoin market, triggering an early bearish trend and a sharp decline in Bitcoin in October 2025.
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“The crypto industry has suffered due to Trump tokens. I understand that people are reluctant to discuss this, as they feel uneasy about the U.S. administration. These meme coins extracted significant liquidity from altcoins because, in my view, the bearish trend began as early as January, but it did not significantly impact Bitcoin until October,” Scaramucci stated.
Nevertheless, the founder of SkyBridge Capital praised the structural reforms of the U.S. administration aimed at advancing cryptocurrency. He mentioned the appointment of David Sacks as the “crypto czar” to work on the regulatory framework for digital currencies, as well as the more crypto-friendly chair of the U.S. Securities and Exchange Commission (SEC), Paul Atkins. The entrepreneur also expressed hope for the swift passage of the CLARITY bill concerning the transparency of the digital asset market.
Scaramucci remains optimistic that Bitcoin’s price will reach $150,000 by the end of the year. He shared that he continues to purchase cryptocurrency, describing the current market downturn as an opportunity to “buy the dip.”
Recently, Scaramucci explained that Bitcoin faces challenges in reaching the $150,000 mark due to stalled cryptocurrency regulation bills in the U.S. Senate — last year, only the GENIUS Act concerning the regulation of stablecoin issuance and circulation was passed.
