During the recent Consensus conference in Hong Kong, SkyBridge founder Anthony Scaramucci revealed his ongoing strategy of buying Bitcoin despite the recent price dip to near $60,000. He remains confident in the long-term potential of the leading cryptocurrency.
According to Scaramucci, SkyBridge has been purchasing Bitcoin at various price levels, including around $84,000, $63,000, and the current lower range. This staggered buying approach aims to mitigate the risks associated with market volatility.
Bullish Outlook on Bitcoin
Despite short-term market corrections, Scaramucci maintains a positive stance on the future of cryptocurrencies. He believes Bitcoin serves as an effective store of value, especially amid growing global economic uncertainties.
Trump's Crypto Stance
In a discussion with Bullish CEO Tom Farley, Scaramucci praised former U.S. President Donald Trump's openness to digital assets. He referred to Trump as the 'crypto president' and predicted a more favorable regulatory environment for the industry if the former president returns to the White House.
- SkyBridge buying Bitcoin at multiple price points
- Scaramucci sees current levels as attractive entry points
- Expecting crypto-friendly policies if Trump returns to office