Scaramucci Comments On Market Volatility And Cryptocurrency Potential

According to Odaily, Anthony Scaramucci, founder of SkyBridge Capital, commented on the tariff disputes, stating that U.S. President Donald Trump's unpredictable actions could lead to short-term market volatility. However, he believes that Bitcoin and cryptocurrencies will emerge as long-term winners, emphasizing the need to endure the full impact of Trump's policies. SkyBridge Capital holds $1.4 billion in digital assets, representing 57% of its total assets under management, while over 60% of Scaramucci's personal wealth is in Bitcoin. Scaramucci further noted that if institutions fully adopt cryptocurrencies, banks could custody them, retain them on their balance sheets, and leverage their capital to become major investors in cryptocurrencies, particularly Bitcoin. He described this potential development as a profoundly impactful and powerful move.