CEOInterviews.AI
Start App
Anthony Scaramucci
Anthony Scaramucci
Founder, SkyBridge Capital
Watch

Anthony Scaramucci on Warren Buffett Calling Bitcoin "Rat Poison Squared" (Part 6)

📅 Nov 01, 2026 djvlad 9 MIN 1308 VIEWS 30 SEGMENTS · 2 SPEAKERS
Become a VladStocks Member now: https://www.youtube.com/vladtv/join Part 5:    • Anthony Scaramucci & Vlad Debate Crypto vs...   Part 1:    • Anthony Scaramucci on How He Made His Firs...   -------- Anthony Scaramucci joins Vlad to break down Warren Buffett’s harsh criticism of Bitcoin, including “rat poison squared,” and why the SkyBridge Capital founder believes some legendary investors simply haven’t done the homework. Scaramucci compares Buffett’s stance with major financial figures who changed their minds, including Ray Dalio, Larry Fink, Stan Druckenmiller and JP Morgan Wealth Managemen...

What Anthony Scaramucci said

Written from the verified transcript and checked against it. Every figure links to the moment it was said.

Anthony Scaramucci discussed Warren Buffett's criticism of Bitcoin, saying Buffett, at 96, hasn't done his homework on it, unlike figures like Ray Dalio, Larry Fink, and Stan Druckenmiller who changed their minds after research. He noted Jamie Dimon's firm now recommends a 14% Bitcoin position. Scaramucci criticized meme coins, calling them gambling tokens that hurt the industry, and mentioned Trump's coin made $700 million while followers lost $3.8 billion. He revealed SkyBridge manages under $1 billion in crypto, down from over $1 billion. He then discussed his book 'All the Wrong Moves,' attributing Trump's rise to three decisions: letting China into the WTO without regulation, fighting wars in Afghanistan and Iraq with tax cuts and $8 trillion in debt, and bailing out banks that paid bonuses, fueling populist movements. He ended with advice to focus on self-improvement and gratitude.

Key takeaways

  1. Scaramucci says Buffett hasn't done homework on Bitcoin, unlike Dalio, Fink, and Druckenmiller who changed their minds.
  2. JP Morgan's wealth management recommends a 14% Bitcoin position, per Scaramucci.
  3. Trump's meme coin made $700 million while followers lost $3.8 billion.
  4. SkyBridge's crypto assets are under $1 billion, down from over $1 billion.

Numbers and commitments

FigureWhat it refers toTypeAt
14% Recommended Bitcoin position by JP Morgan wealth management guidance 1:35
$700 million Trump's earnings from his meme coin metric 2:28
$3.8 billion Losses by Trump's followers in his meme coin metric 2:28
$1 billion SkyBridge's crypto assets under management at peak metric 2:47
$8 trillion Cost of Afghanistan and Iraq wars metric 4:59
5,000 people Bank employees paid $1 million or more in bonuses after bailout metric 5:40

Chapters

  1. 0:00Buffett's Bitcoin criticism
  2. 1:35JP Morgan's Bitcoin recommendation
  3. 2:08Meme coins and Trump's coin
  4. 2:47SkyBridge's crypto assets
  5. 3:47Book on Trump's rise
  6. 3:58China's WTO entry
  7. 4:59Wars and tax cuts
  8. 5:40Bank bailouts and populism
  9. 7:15Personal gratitude and advice

Questions asked in this interview

3
  1. 2:37So, as someone who has hundreds of millions of dollars, well, do you have billions of dollars in Bitcoin or no?
  2. 3:09What is your take on these other coins?
  3. 3:56And what's the focus of that book?
Interviewer 0:04 ↗
Well, our hero Buffett actually talked about Bitcoin. He called it rat poison squared, a mirage and a delusion. And he said that if someone offered him all the Bitcoin in the world for $25, he wouldn't take it.
Anthony Scaramucci 0:19 ↗
This is Warren Buffett, right? This is Warren Buffett saying that.
Interviewer 0:22 ↗
Yeah.
Anthony Scaramucci 0:23 ↗
Yeah, you know, and I appreciate that and I admire him. And so he may be right, you know, you can invite me back on. Hopefully we're both still here in 10 years. And you can invite me back on and I can tell you I got it wrong. Buffett was right. Bitcoin's at zero. Or I could say, you know, Mr. Buffett had a defined discipline and he had a core circle of competence. And when Bitcoin came around, he was already in his, you know, he's 96 years old. And so he was already in his late 70s when Bitcoin came around. And he didn't do the homework on Bitcoin, but Ray Dalio, who hated Bitcoin, did the homework on Bitcoin, became a Bitcoin holder. Larry Fink, who hated Bitcoin, he's running one of the largest asset managers in the history of the world. He did the homework. He now has the largest Bitcoin ETF in the world. You know, I could list the different people. You know, Stan Druckenmiller hated Bitcoin, now likes it. There's a whole host of people that start out not liking Bitcoin, myself included, and then end up doing the homework and liking it. I just think Mr. Buffett at 96 has not done the homework. And he's entitled to his opinion.
Jamie Dimon called it a decentralized pet rock. He's called it a decentralized Ponzi scheme. And yet his core asset allocation for JP Morgan wealth management was just published last week. And they're saying that Bitcoin is one of the cheapest assets. And they're recommending a 14% position in Bitcoin. So people do change their minds on Bitcoin if they do the homework. But again, I'm not here to talk your viewers or listeners into Bitcoin. I'm just here to tell them they should do their homework on it.
Interviewer 2:08 ↗
Well, Bitcoin is relatively stable. Ethereum is stable, Solana stable, but you have these meme coins and one of your favorite people, Donald Trump, came out with a Trump coin and that coin has dropped 98%.
Anthony Scaramucci 2:24 ↗
Yeah.
Interviewer 2:25 ↗
And Trump, I think, pocketed over half a billion dollars from that coin.
Anthony Scaramucci 2:28 ↗
700 million. He made 700 million. His loyal followers that participated in that lost 3.8 billion.
Interviewer 2:37 ↗
Mhm. Yeah. So, as someone who has hundreds of millions of dollars, well, do you have billions of dollars in Bitcoin or no? Under management.
Anthony Scaramucci 2:47 ↗
Just under that, actually. You know, we don't have, we're not over a billion. Now, we were at one point over a billion. We're under it now. I mean, if Bitcoin goes back to 126,000, I could probably make that statement, but I can't make that statement at 80,000.
Interviewer 3:02 ↗
Okay. So, as someone who has owned at one point a billion dollars in Bitcoin,
Anthony Scaramucci 3:08 ↗
Yeah.
Interviewer 3:09 ↗
What is your take on the meme coins? And for example, his wife also came out with a meme coin that ended up tanking as well. It seems like most times when people come out with these coins, they tank. Hunter Biden came out with a coin. That tanked. What is your take on these other coins?

14 more exchanges in this transcript

Sign in free to read the rest of this interview. No card required.

Sign in to read the full transcript

Cite this transcript

APA, MLA, BibTeX
APA

Scaramucci, A. (2026, November 1). Anthony Scaramucci on Warren Buffett Calling Bitcoin "Rat Poison Squared" (Part 6) [Interview transcript]. djvlad. CEOInterviews.AI. https://ceointerviews.ai/interview/3178385/

MLA

Anthony Scaramucci. "Anthony Scaramucci on Warren Buffett Calling Bitcoin "Rat Poison Squared" (Part 6)." djvlad, 1 Nov. 2026. Transcript, CEOInterviews.AI, https://ceointerviews.ai/interview/3178385/.

BibTeX 
@misc{scaramucci2026_3178385,
  author       = {Anthony Scaramucci},
  title        = {Anthony Scaramucci on Warren Buffett Calling Bitcoin "Rat Poison Squared" (Part 6)},
  howpublished = {Interview transcript, djvlad. CEOInterviews.AI},
  year         = {2026},
  month        = {nov},
  url          = {https://ceointerviews.ai/interview/3178385/},
  note         = {Speaker-attributed transcript with timestamps}
}