About Anthony Scaramucci
Anthony Scaramucci, founder and managing partner of SkyBridge Capital, has been a frequent commentator on financial markets, cryptocurrency, and U.S. politics. He has expressed a bullish outlook on Bitcoin, stating that it is in a "self-fulfilling prophecy zone" as a store of value and predicting a rally through its all-time high by the end of 2026. Scaramucci described the current crypto bear market as cyclical and consistent with Bitcoin's four-year halving cycle, and he said he continues to buy Bitcoin monthly regardless of price. He has also discussed the potential for tokenization in capital markets and criticized the Trump administration's "Trumpcoin" meme coin, saying it left a "poor taste" and damaged the political prospects for crypto legislation.
Scaramucci has been sharply critical of President Donald Trump and his administration. He described Trump's disclosure of over 3,700 trades as "disgusting" and "probably legal," and accused the president of insider trading. He predicted that Trump will "end up destroying the careers" of Marco Rubio and J.D. Vance, and characterized Trump as a "Shakespearean elderly, tragic figure." Scaramucci has also commented on the broader political landscape, stating that the Trump era is ending and that the country needs "transformational leaders" to address economic anxiety and political corruption. He expressed support for California Governor Gavin Newsom and predicted Democratic electoral success in the 2026 midterms and the 2028 presidential election.
Source: AI-verified profile updated from Anthony Scaramucci's recent appearances.
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✨ AI-enhanced transcript with speaker attribution
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Interviewer0:00
20% in the past month, well off record highs north of 70,000 set earlier in the year.
Joining me now post-9 for crypto outlook is Anthony Scaramucci from SkyBridge Capital. What is going on? I ask you this every time but it's such a volatile asset class that the question needs to be reasked. It was north of 70 and here we are.
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Anthony Scaramucci0:22
If we get to 100,000 by the end of the year, you'll invite me back.
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Anthony Scaramucci0:28
I won't have the basketball trophy. You have a lot of things going on at the same time. The German government is releasing about 140,000 bitcoins in a ten-year drawn-out affair. SkyBridge alongside Fortress participated in that. So you had a combination of these things going on at the same time, with some selling pressure in the ETF. And when that happens, Bitcoin is a volatile asset. You also had halving, not to get into the Bitcoin jargon with you.
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Interviewer1:05
I think everyone is well versed.
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Anthony Scaramucci1:07
Halving forces the miners to sell some Bitcoin to keep up their revenues, which puts temporary pressure on Bitcoin, but we still love the fundamentals of Bitcoin long-term. And I do think, as I said, it will be 170,000 post, but I think it can get to 100,000 by year-end, but it has to chug through this slog right now. One last quick point, FTX is going to be releasing shortly $16 billion of cash to investors that had their accounts at FTX. That's very good news for Bitcoin holders, I believe. A lot was in Bitcoin. It got frozen in the bankruptcy, it got dollarized at low numbers for Bitcoin, but it will go back to those account holders shortly. We think a lot of that will flow into the assets.
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Interviewer1:56
I was going to ask you that. Do you think at least for those people, in their minds, there's some tarnish on the story, enough they won't want to assume the risk again in crypto because of what happened to them in the first place?
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Anthony Scaramucci2:10
Yeah, we call these things life chips. If you get a windfall back like that, you are counting on not getting that money back. Now that you're getting it, you may buy a car, a house, a summer house, but I do think 40 to 50% of that will go back into the asset class. These are hardcore people. Remember, they are early adopters too. If you have an account at Coinbase or FTX, you're considered an early adopter in the digital coin space. Early adopters typically have loyalty to the asset class.
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Interviewer2:45
You raise another interesting point about the German government selling. How big of a risk do you think sovereigns in general are to the story? Is that a longer-term risk more than people have thought about?
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Anthony Scaramucci3:06
I don't think so, Scott. I'll take you back to the early days of Uber. No government wanted Uber. No administrator wanted Uber. No mayor wanted Uber. All the regulators said no to Uber, but the people wanted Uber. One thing that just happened today in the GOP platform, they'll have their convention next week, right there glaringly in the GOP platform is the protection of digital assets and the protection specifically of Bitcoin. So I think that's a huge mistake by the Democrats. I feel they're fumbling the football. It's not a niche business. You can go by the Mike Novogratz conversation. Let's cut those down. Let's say there's only 20 million wallets of eligible voters in the United States. Let's say 10% of them are single-issue voters. We have 2 million potential voters in a very close, very narrow election being resolved by six or seven swing states that could be single-issue digital asset voters. To me, it's an overwhelming conclusion this will be an acceptable long-term asset class in the United States. If that's the case, I'm not worried about the other sovereigns.
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Interviewer4:26
You're obviously well connected in the political arena. You're probably thinking about, not probably, you are, I know, thinking about what many are thinking about: what's going to lead up to the election. What do you think? What do you hear? What's the story?
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Anthony Scaramucci4:46
I think President Biden is obviously dug in, had a poor debate performance, but it appears like he's going to be the nominee. The swing state voting right now has former President Trump in the lead. I'm a markets guy, I know you're a markets guy. The Poly Markets are favoring Donald Trump right now. But these things are close elections. There's a lot to be decided right now. You have the VP process which will come up this week. You've got another debate on September 10th. If President Biden is staying in the race, I think he really has to demonstrate what he's been trying to do over the last couple of days. He was on Morning Joe this morning, our sister network, very articulate on Morning Joe, but he's having problems putting sentences together and I think that has to worry about.
