SkyBridge Capital founder Anthony Scaramucci stated at the Consensus Hong Kong conference that he is continuously buying Bitcoin during the market downturn. Scaramucci revealed that he purchased Bitcoin last week at $84,000 and added more this week at $63,000, describing buying Bitcoin in a falling market as catching a falling knife.
Bitcoin’s recent price dipped close to $60,000, after reaching a high of $126,000 in October 2025. Subsequently, due to a short-term correction in the Bitcoin ETF market, the price rebounded to around $69,000. Scaramucci remains optimistic about the long-term market outlook, believing that current lows present an opportunity to establish long-term positions.
Regarding political factors, Scaramucci said that President Trump is more adaptable in the cryptocurrency space, even calling him the “Crypto President.” He pointed out that Trump’s geopolitical moves, such as interest in Greenland, could provoke the Democratic opposition to take a tougher stance on issues including digital asset policies, indirectly impacting the crypto market policy environment.
Additionally, when discussing blockchain technology development, Scaramucci stated that the programmable Layer 1 blockchain Solana is expected to become one of the fastest-growing blockchains in market share. He believes Solana’s advantages in transaction speed and scalability will attract more developers and users in the coming years, accelerating the adoption of blockchain applications.
Overall, Scaramucci’s buying strategy and political analysis show that he remains confident in the growth potential of Bitcoin and high-performance public chains amid current market volatility. He emphasizes seizing low-cost investment opportunities under risk management, making him a noteworthy indicator for crypto investors.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Trader James Wynn opened a 40x leveraged BTC short position on HyperLiquid with a liquidation price of $71,112.48
Gate News reports that on March 21, Lookonchain monitoring showed that trader James Wynn has recently resumed activity in on-chain transactions. After claiming 1,654 USDC in referral rewards, he deposited 3,911 USDC into HyperLiquid, and subsequently opened a short position of 2.69 BTC (approximately $190,000) with 40x leverage, with a liquidation price of $71,112.48.
GateNews12m ago
Why Gasoline Prices and Borrowing Rates Are Directly Impacting Bitcoin
New data from March shows a familiar household pressure – fuel costs – rapidly spreading to financial markets before impacting Bitcoin. A preliminary survey from the University of Michigan recorded consumer confidence declining to 55.5, the lowest level since the beginning of 2026, among which
TapChiBitcoin42m ago
BTQ Launches Quantum-Resistant Bitcoin Testnet With BIP 360
BTQ Technologies has launched the first working implementation of BIP 360 on its Bitcoin Quantum testnet. The update allows developers to test quantum-resistant bitcoin transactions in a live environment.
Bitcoin Quantum Testnet Debuts BIP 360 Implementation
BTQ Technologies has introduced Bitco
Coinpedia1h ago
Here is why Bitcoin Cash traders should watch for this buy signal
Bitcoin Cash (BCH) remains above the crucial support level of 440 USD. Current market indicators show mixed signals, yet BCH's price action reflects positive momentum influenced by Bitcoin (BTC). Short-term trading opportunities arise, but long-term trends also need consideration for a robust strategy.
TapChiBitcoin1h ago
Bitcoin fell nearly 5% this week, with traditional markets like the S&P 500 experiencing synchronized pressure
Affected by the U.S.-Israel-Iran conflict, Bitcoin fell nearly 5% this week. The S&P 500, Dow Jones, Nasdaq, and gold all declined in sync, while crude oil rose 7.3%. Over the past three months, the S&P 500 and Nasdaq ETFs saw $64 billion in outflows, reaching historic highs. Bitcoin's net realized profits once accelerated but subsequently fell below $70,000.
GateNews1h ago
