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Anthony Scaramucci
Founder, SkyBridge Capital

Watch CNBC's full interview with SkyBridge Capital's Anthony Scaramucci

📅 Dec 06, 2024 CNBC Television 9 MIN 4777 VIEWS 14 SEGMENTS · 2 SPEAKERS
Anthony Scaramucci, SkyBridge Founder & Managing Partner, joins CNBC's "Halftime Report" to discuss the future of crypto and his new book "The Little Book of Bitcoin."

Questions asked in this interview

4
  1. 0:52But you've been a HODLer though, right?
  2. 1:46Do you feel like we're at an inflection point again, another one, as it relates to the new administration that is widely expected to be much more friendly, in quotes, towards this asset class that you suggest it is?
  3. 3:23What would that mean to the people that are already investing with SkyBridge, people that have clients on the platform?
  4. 5:30Are we still in danger of some of that nonsense?
Scott 0:00 ↗
Our halftime headliner literally has written a book on Bitcoin. Anthony Scaramucci is the founder and managing partner of SkyBridge Capital, the author of "The Little Book of Bitcoin: What You Need to Know That Wall Street Has Already Figured Out." It's good to see you. Congrats on this new book.
Anthony Scaramucci 0:15 ↗
Thanks, Scott. I mean, what an amazing time to not only have the book, but for us to have you. What do you think this moment, the $100,000 moment, signifies?
Well, I think it's obviously a big moment, but I think it's really just the beginning. You've had me on before, and I've had my ups and downs with Bitcoin. We started buying it in October of 2020 at $17,000. It went to $69,000, and then unfortunately it went back down to $15,000. So I've been a hero and a goat in Bitcoin over the years.
Scott 0:52 ↗
But you've been a HODLer though, right? You held on.
Anthony Scaramucci 0:54 ↗
Yeah, we held on. Our clients have benefited. They're 5 to 1 on our Bitcoin investment depending on entry point. But I really do see this as an asset class, and I think that was the point of the book. I was very happy to get Michael Saylor to write the foreword, although he did yell at me and made me change the last chapter of the book because I was recommending a 2% allocation. Michael said to me, "Do you have 50 other ideas as good as this?" I said I don't. He said, "Well, okay, then you have to rewrite the last chapter," just implying that people could start at one or two percent but could think more broadly. I think that's where we are right now. If it's an asset class, it will trade to $18 trillion where gold is. It's probably at $2 trillion right now at that $100,000 number. So I think it's still the beginning.
Scott 1:46 ↗
Saylor trying to write his own chapter obviously in his company's place in all of this. Do you feel like we're at an inflection point again, another one, as it relates to the new administration that is widely expected to be much more friendly, in quotes, towards this asset class that you suggest it is?
Anthony Scaramucci 2:03 ↗
Yeah, and I think this was a fundamental failure by the Democrats actually. They had the same opportunity that the Republicans did. They took for granted the crypto investors, they took for granted the lobbying around crypto. I think Fairshake, I think Josh you probably looked at this, I know you've written about it, Fairshake won 48 out of 48 elections. They put their money up. They knocked Sherrod Brown out of his seat. He was the head of the Senate Banking Committee. So I think President Trump, who I saw speak at the Bitcoin conference last July, is putting a pro-Bitcoin team in place. It's a combination of Bo Hines and Paul Atkins and others. I think it's good for America. Jerome Powell said yesterday at Andrew's DealBook that this was a competitor to gold, it's not necessarily a competitor to the US dollar. I think if we think about it that way, the American government can get very comfortable with Bitcoin as being part of a portfolio asset allocation strategy. The dollar will remain supreme. We do need stablecoin legislation in the next congressional term. I think that will help the whole industry. Just remind people, there are stablecoins like Tether and Circle that own huge swaths of US Treasuries. I think Tether right now...

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APA

Scaramucci, A. (2024, December 6). Watch CNBC's full interview with SkyBridge Capital's Anthony Scaramucci [Interview transcript]. CNBC Television. CEOInterviews.AI. https://ceointerviews.ai/interview/618458/

MLA

Anthony Scaramucci. "Watch CNBC's full interview with SkyBridge Capital's Anthony Scaramucci." CNBC Television, 6 Dec. 2024. Transcript, CEOInterviews.AI, https://ceointerviews.ai/interview/618458/.

BibTeX
@misc{scaramucci2024_618458,
  author       = {Anthony Scaramucci},
  title        = {Watch CNBC's full interview with SkyBridge Capital's Anthony Scaramucci},
  howpublished = {Interview transcript, CNBC Television. CEOInterviews.AI},
  year         = {2024},
  month        = {dec},
  url          = {https://ceointerviews.ai/interview/618458/},
  note         = {Speaker-attributed transcript with timestamps}
}