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
Former PayPal President Drops a Big Statement: Bitcoin Is Better Than Gold
A fresh argument around Bitcoin and gold has returned to the spotlight after former PayPal president David Marcus delivered a blunt verdict on the role of BTC in sovereign reserves.
His position did not focus on hype or short-term price moves. He addressed a deeper question about how nations m
CaptainAltcoin7m ago
Bitcoin ETF capital inflow slows down, with the main reason being the narrowing of the basis
Matrixport analyzes that Bitcoin ETF capital inflow has slowed down due to narrowing market basis and low retail participation. The gains from futures-spot arbitrage are limited, making it difficult for institutional funds to accelerate their allocation, resulting in prolonged market consolidation.
GateNewsBot38m ago
Bitcoin drops below $67,000 as hawkish Federal Reserve expectations pressure the crypto market
On February 11, news reports indicate that influenced by the shift towards a hawkish outlook in the US macroeconomic prospects, Bitcoin and mainstream cryptocurrencies collectively weakened in early Wednesday trading. Data shows that Bitcoin's price fell below $67,000, declining about 3% in the past 24 hours to around $66,800; Ethereum also retreated to approximately $1,960. Major coins like XRP and BNB each dropped more than 4%, with market risk appetite significantly cooling.
Analysts point out that the core driver of this correction is the re-pricing of expectations regarding US monetary policy. Andri Fauzan Adziima, Head of Research at Bitrue, stated that after Kevin Warsh was nominated as Federal Reserve Chair, the market generally believes that future policies will be more tightening, and the liquidity environment may continue to tighten, with less room for rate cuts. This expectation directly weakened the willingness to allocate assets to high-risk investments.
GateNewsBot55m ago
