SkyBridge’s Scaramucci takes advantage of the Bitcoin slump, labeling Trump a cryptocurrency president.

Scaramucci Buys Bitcoin on Dip, Calls Trump a ‘Crypto President’

Anthony Scaramucci, founder of SkyBridge Capital, confirmed Wednesday that his firm has been buying Bitcoin at several key price points, including $84,000, $63,000, and lower levels amid the current market downturn.

Speaking at Consensus Hong Kong with Bullish CEO Tom Farley, Scaramucci said, “Ten days ago we were buying Bitcoin at 84,000, last week at 63,000, and we continue to buy in this market.” He acknowledged the risk of buying during a downtrend, comparing it to “catching a falling knife.”

Bitcoin recently dipped to nearly $60,000 after soaring past $126,000 in October. Since then, prices have rebounded slightly to around $69,000 amid signs of capitulation in the Bitcoin ETF market.

On the political front, Scaramucci called former President Donald Trump “a much better president for crypto” than his predecessor. He added, however, that controversial moves—such as Trump’s Greenland proposal—can provoke opposition Democrats to block crypto-related policies.

“The Greenland situation, believe it or not, is tied to the industry,” he said. “Moves like that upset the opposition so much that they’ll vote against crypto bills just to oppose Trump, even if it hurts themselves.”

Scaramucci also highlighted Solana as a Layer 1 blockchain he expects will capture significant market share in the coming years.