SkyBridge Capitals Scaramucci Says Bitcoin Will Reach $250,000 Is This US Presidential Candidate Wins

Anthony Scaramucci, the founder of SkyBridge Capital, has predicted that Bitcoin could reach new all-time highs (ATH) when his preferred presidential candidate wins. He also claimed that crypto has already won following recent developments in the industry.  Bitcoin Could Rise To As High As $250,000 When Joe Biden Wins Scaramucci mentioned during an interview on [...]

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Sovereigns Are Buying Billions Of Bitcoin, Says Anthony Scaramucci

Bitcoin blasted back through the psychologically charged $100,000 threshold for only the second time in its 16-year history, reclaiming a level last seen in February. As the worlds first stateless money ticked higher, SkyBridge Capital founder Anthony Scaramucci told podcast host Anthony Pomp Pompliano that sovereign wealth funds are already accumulating the asset and are poised to scale those purchases dramatically once Washington finishes writing the rules of the road. Sovereigns Are Pouring Billions into Bitcoin Scaramucci, whose new Little Book of Bitcoin chronicles his own conversion from skeptic to evangelist, said overseas officials are quietly adding the digital asset even before the United States clarifies stablecoin legislation, bank-custody guidance and broader tokenization rules. Related Reading: Bitcoin Resistance Limited Beyond $100,000, On-Chain Data Suggests When asked if sovereigns are buying Bitcoin secretly, Scaramucci answered: I think they are buying it, I think theyre buying it on the margin, he said, adding that regulatory green lights will unleash a massive wave of capital inflow. I don’t think it’s going to be a gigantic ground swell of buying until we green light legislation in the United States, he stated. This, in Scaramuccis view, will make people worth 10, 20, 30 trillion dollars buying a half-a-billion dollars of Bitcoin, buying a billion dollars of Bitcoin. ANTHONY SCARAMUCCI JUST CONFIRMED THAT ALL SOVEREIGNS ARE BUYING BILLIONS OF #BITCOIN THIS IS WILD!!! pic.twitter.com/AInDVGR6Jh Vivek (@Vivek4real_) May 8, 2025 The former White House communications director framed todays discreet allocations as a rational response to an increasingly erratic policy environment. With tariffs ricocheting through global supply chains and the dollars primacy controlling the global economy, he argued, officials outside the United States are searching for insurance against what he called executive-policy behavior. We may need to be decoupled from one sovereign currency, Scaramucci said, predicting that golds record highs and Bitcoins resilience during this years stock-market slump stem from the same instinct for self-protection. Related Reading: Bitcoin Soars Toward $100,000 As Treasury, Not Fed, Drives Liquidity: Expert He stopped short of predicting that Bitcoin will replace the dollar, but he insisted that sovereign accumulation is the precondition for an eventual seven-figure price tag. If you want to see a million-dollar Bitcoin, thats when somebody at a sovereign says, Okay, this is part of the infrastructure of the worlds financial-services architecture. In that scenario, he expects official portfolios to target 1%-3% allocationsenough, in his view, to lift Bitcoins market capitalization toward golds $20-30 trillion domain. Digital Gold Will Win For now, the digital gold thesis appears to be holding. While global equity indices have fallen 5%-8% since the latest tariff salvos, Scaramucci noted, Bitcoin is roughly where it was at the beginning of the year. Thursdays breakout above $100,000 underscores that relative strength. SkyBridge itself has ridden that wave. Scaramucci reminded listeners that he began buying Bitcoin for his flagship fund around $20,000, calling the position quite beneficial to our performance. Independent fund-database figures show the $1.7 billion vehicle returned 43% in 2024, outpacing its hedge-fund benchmark by more than four-to-oneresults Scaramucci attributes chiefly to the Bitcoin stake. This is the best idea I have seen in my career, he said. I knew the risks of not jumping in were far greater than playing it safe. Generational dynamics are reinforcing those flows. While older asset-managers still lean toward bullion, Scaramucci said, younger allocators already treat Bitcoin as an heirloom asset. My grandchildren will end up having Bitcoin as a store of value, he predicted. Still, he cautioned that widespread institutional adoption will not occur until the United States clarifies its regulatory stance. If we green-light legislation before the end of the congressional term then I will tell you that therell be large blocks of buying, he said. Absent that clarity, purchases will remain incrementalyet even incremental flows from trillion-dollar institutions can tally in the billions. At press time, BTC traded at $103,077. Featured image created with DALL.E, chart from TradingView.com

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Four "Heavyweights" in Finance Debate: Bitcoin VS Gold - Which One Will The Future Favor?

In what was billed as the "biggest bitcoin vs gold debate in history," and moderated by Ran of Crypto Banter, the event featured four financial heavyweights squaring off to argue the merits and flaws of bitcoin and gold as potential future stores of value and mediums of exchange. 

In one corner were the bitcoin backers - Eric Voorhees, an early bitcoin adopter and founder of ShapeShift, and Anthony Scaramucci, founder of SkyBridge Capital and former White House spokesman. They championed bitcoin as a revolutionary, decentralized digital currency outside government control.

"Bitcoin is radical, it's rebellious, it's non-compliant, it's American," Scaramucci proclaimed. Voorhees added "Anything that moves the world away from centralized control of money to market-based control of money is something I would be in favor of."

In the other corner were gold advocates Peter Schiff, CEO of Euro Pacific Asset Management who famously predicted the 2008 housing crash, and economist Nouriel Roubini. They argued bitcoin has no intrinsic value and is essentially "digital fools gold."

"Bitcoin can't do anything that gold can do...You can't have digital gold, you can't make jewelry out of it," Schiff stated. Roubini bluntly called bitcoin "a damned speculative asset - that's it."

Schiff and Roubini repeated the same anti-crypto talking points they've been saying for the last 10 years... unfortunately, in 7 out of those 10 years Bitcoin outperformed all other investments.

How can anyone with a track record that includes 7 years of advising investors to avoid the most profitable investment still be taken seriously?

The intense 2+ hour debate covered a wide range of topics around modern monetary theory, inflation, the economic outlook, role of governments, and the fundamental value propositions of bitcoin vs gold.

Voorhees and Scaramucci made the case that bitcoin's fixed supply of 21 million coins and properties like pseudo-anonymity give it immense value as "a non-debasable monetary commodity." As Scaramucci said, "We took [the working class] from aspirational to desperation in 35 years" due to currency inflation.

However, Schiff and Roubini countered that bitcoin fails all the tests of being a true currency. "It's not a unit of account, not a scalable means of payment, and not a stable store of value...it can never be money," Roubini argued.

While no minds seemed changed by the intense back-and-forth, it encapsulated the broader ideological battle between bitcoin's freedom philosophy and gold's traditional role. 

With bitcoin's market cap over $1.2 trillion, this debate is no longer hypothetical. Its outcome will shape monetary systems, investing, privacy and decentralization for years ahead.

I tried my best to summarize the debate that ran slight over 2 hours long, but if you want to see every minute for yourself, you can view an archive of the live stream on Crypto Banter's Youtube Channel. 

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Author: Oliver Redding
Seattle Newsdesk  / Breaking Crypto News

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Bitcoins Potential for Huge Surge in Value Hinges on Legal Approval for SWF Investment, Says Scaramucci

Bitcoin and Sovereign Wealth Funds: How US Legislation Is Impacting Institutional Investment In recent news, there has been an increasing interest among sovereign wealth funds in purchasing Bitcoin. This move comes in light of the recent United States legislation that is paving the way for institutional investment in the cryptocurrency market. Anthony Scaramucci, founder of [...]

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SkyBride Founder Scaramucci Says Bitcoin Would Reward Patient Investors

Anthony Scaramucci continues to promote the widespread adoption of Bitcoin, emphasizing that investors who are patient would be well rewarded. …

The post SkyBride Founder Scaramucci Says Bitcoin Would Reward Patient Investors first appeared on The Crypto Basic.

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Skybridge Founder Insists Its Still Very Early to Buy BTC Sees Bitcoin as the New Berkshire Hathaway

Skybridge Capital founder Anthony Scaramucci has insisted that it is “still very very early” to buy bitcoin. He likened the cryptocurrency to Warren Buffett’s company, calling it the “Berkshire Hathaway of the 21st century.” He opined: “It was never ‘too late’ to buy Berkshire stock. It is still very very early for bitcoin.” ‘Bitcoin Is [...]

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Galaxy Lawsuit Slammed as Lawfare by NAYG Exposing Scaramuccis Claims

Galaxy Digital, the cryptocurrency investment firm, is facing a lawsuit from a lesser-known entity called NayG for alleged misconduct. This legal battle, often referred to as “lawfare,” brings attention to the complexities and risks within the digital asset industry. The lawsuit is spearheaded by NayG, a relatively unknown player compared to the renowned Galaxy Digital [...]

The post Galaxy Lawsuit Slammed as ‘Lawfare’ by NAYG – Exposing Scaramucci’s Claims appeared first on Crypto Breaking News.

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Skybridge Capital Founder Advises Act Like Youre Dead With Your Bitcoin and Dont Sell

Skybridge Capital founder Anthony Scaramucci has advised bitcoin investors to act like they are dead with their coins and not sell them. “Don’t do anything with it,” he recommended, emphasizing: “The dead people at Charles Schwab do far better than the living people.” Anthony Scaramucci’s Bitcoin Investing Advice Skybridge Capital founder Anthony Scaramucci offered some [...]

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“Sam Bankman-Fried really hurt the industry” — Anthony Scaramucci

The politician and business magnate has his eyes set on Binance CEO CZ taking the reins of the future crypto industry.

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'The war room was despondent' — Scaramucci recounts FTX collapse at Consensus

The SkyBridge founder said that Binance CEO Changpeng Zhao is not to blame for the collapse.

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FTX’s Huge Creditor List Includes Some of SBF’s Close Partners

Media, tech, and venture capital firms are in document listing FTX creditors. List also includes some of Sam Bankman-Fried’s partners.

Continue reading FTX’s Huge Creditor List Includes Some of SBF’s Close Partners at DailyCoin.

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Scaramucci: FTX Cannot Be Saved, Sam Betrayed Me

Anthony Scaramucci, the founder of Skybridge Capital, thinks failed crypto exchange FTX cannot be saved following its bankruptcy filing.  Ex-FTX Boss’ Betrayal In an exclusive interview while attending the World Economic Forum in Davos, Switzerland, the founder and American entrepreneur opined that there is no way the exchange could be saved.  Still, Scaramucci considers the founder of FTX, Sam Bankman-Fried, a friend who was given a seat at the table of “high-profile people.” The problem is he feels betrayed that Sam turned out to be “delusional” and allegedly a fraud. Whether Sam will end up in jail or not, he adds, is up to the jury and the presiding judge. FTX, at its peak, was among one of the largest cryptocurrency exchanges in the world, offering what was, at that time, thought to be a solid trading platform for hundreds of thousands, if not millions, of users.  Related Reading: 59% of Bitcoin Holders Are Sitting On Profits However, as the crypto market cratered and Bitcoin slid toward this week’s trade range of around $20k, cracks began to emerge in FTX.   Eventually, an explosive piece revealing the misdoings of its founder, Sam Bankman-Fried, and several accounting errors in their finances broke the camel’s back. FTX halted customer withdrawals before news broke out that they were filing for Chapter 11 Bankruptcy protection in the United States. It later emerged that FTX and its trading wing, Alameda Research, had misappropriated billions of customer funds. Anthony Scaramucci: Skybridge Capital Is Patient Considering the evidence presented and claims from the restructuring officer in charge of FTX bankruptcy proceedings, Anthony Scaramucci said nothing is to be done. He divulged that his fund wasn’t spared by the crypto winter and the FTX contagion as market prices slumped, affecting their revenue. Their core fund, Anthony said, was down 30 percent in 2022. In January 2023, there were signs of recovery, and their core funds are up double digits. Scaramucci also confirmed that Skybridge Capital is “completed unleveraged” and owns its inventory.  Asked whether he lost money last year, he confirmed that his Bitcoin (BTC) is intact and didn’t lose any monies since he didn’t use leverage. Leverage is a trader borrows money to trade. The borrowed funds, together with the deposit, act as a margin allowing for higher profits. Still, there can be losses if a trader’s an incorrect prognosis. Traders can lose all their deposits if they use leverage and trade any other asset, including crypto.  Anthony revealed that though FTX finds itself in crisis and could dissolve, the exchange was one of the early investors of Skybridge Capital, buying 30% of the fund. As part of the deal, the fund bought 10 percent of FTX’s FTT token only to sell it for a loss of $9.5 million.  Related Reading: FTX’s FTT Token Spikes 43%, A Revival In The Works? Despite this, Antony said they are patient and waiting for “what the bankruptcy people say” so that they can buy back their shares. The fund, he explains, isn’t going to blame the disgraced founder of FTX for all woes in the crypto market or Skybridge Capital. Overall, he remains confident in crypto’s prospects. Featured image from Harvard Political Review, Charts from TradingView.com

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Davos: Scaramucci Calls FTX’s SBF Bernie Madoff of Crypto

Anthony Scaramucci said he felt “betrayed” by Sam Bankman-Fried because he had a close relationship with him and his family.

Continue reading Davos: Scaramucci Calls FTX’s SBF Bernie Madoff of Crypto at DailyCoin.com.

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From Wall Street to Crypto: Anthony Scaramucci’s Ties to FTX

Scaramucci, at first reluctant, now says it’s “very clear” that there was fraud in FTX.

Continue reading From Wall Street to Crypto: Anthony Scaramucci’s Ties to FTX at DailyCoin.com.

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‘Ninth circle of hell’ is reserved for SBF for his betrayal: Scaramucci

The SkyBridge founder opened up about his trust in FTX founder Sam Bankman-Fried which was ultimately broken after the exchange collapsed.

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Anthony Scaramucci Invests In Former FTX President’s Company

Anthony Scaramucci has said he is investing in a company established by Brett Harrison, the former president of inoperative crypto exchange FTX US, according to [...]

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Skybridge eyes stake buyback from FTX, as Galaxy CEO says he would like to ‘punch’ SBF

Anthony Scarammuci also noted that there was "clearly fraud" in the SBF and FTX debacle, while Mike Novogratz said there’s a side of him that would like to “punch” SBF in the face.

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FTX Ventures to Acquire 30% Stake in SkyBridge Capital

<p>FTX Ventures, a $2 billion venture capital firm based in Nassau, Bahamas, is planning on buying a 30% stake in SkyBridge, a global hedge fund and alternative asset manager.</p><p>SkyBridge Capital, which was founded in 2005 by Anthony Scaramucci, a former aide of ex-President Donald Trump, announced the planned investment on Friday in a statement. </p><p>The hedge fund, however, did not disclose the financial terms of the deal.</p><p>FTX Ventures in the statement said it will provide an additional working capital to SkyBridge Capital in addition to the acquisition.</p><p>And SkyBridge Capital said it will use a portion of the amount received to buy $40 million in cryptocurrencies to hold as a long-term investment.</p><p>“The deal is the latest collaboration between SkyBridge and FTX, following the multi-year partnership to sponsor global SALT conferences in North America, Asia and the Middle East, and co-present Crypto Bahamas, the leading institutional digital assets conference that launched in April 2022,” SkyBridge Capital explained.</p><p>“The firms will expand their collaboration on venture and digital asset investing across current and future product offering,” the hedge fund firm added.</p><p>FTX and Crypto Investments</p><p>Commenting on the partnership, Scaramucci, the Founder and Managing Partner of SkyBridge, noted that his company “will remain a diversified asset management firm." He added that the company will invest heavily in blockchain.</p><p>Also speaking, Sam Bankman-Fried, the billionaire leader of FTX Ventures, noted that the venture capital firm was looking forward to working closely with SkyBridge Capital on its crypto investment activities.</p><p>FTX Ventures also plans to work with SkyBridge “on promising non-crypto-related investments,” Bankman-Fried added.</p><p>In early 2022, FTX Ventures <a href="https://www.financemagnates.com/fintech/news/dave-receives-100-million-investment-from-ftx-ventures/">invested $100 million</a> in Dave, a fast-growing banking app, to accelerate the expansion of the global cryptocurrency ecosystem.</p><p>In the aftermath of the recent crash in prices in the cryptocurrency markets, cryptocurrency exchange FTX extended helping hands to crypto lenders <a href="https://www.financemagnates.com/cryptocurrency/blockfi-and-ftx-ink-250-million-revolving-credit-agreement/">BlockFi</a> and <a href="https://www.financemagnates.com/cryptocurrency/ftx-and-alameda-ventures-propose-to-provide-early-liquidity-to-voyagers-customers/">Voyager Digital</a> as well as <a href="https://www.financemagnates.com/cryptocurrency/news/crypto-lender-celsius-files-for-bankruptcy-in-new-york/">bankrupt</a> lender Celsius.</p><p>Additionally, Bankman-Fried in May <a href="https://www.financemagnates.com/forex/brokers/ftx-ceo-sam-bankman-fried-buys-76-stake-in-robinhood/">acquired a 7.6% stake</a> in Robinhood, a US commission-free stock trading and investing app.</p><p>A regulatory filing showed that the billionaire founder purchased Robinhood shares worth a total of $648 million at an average price of $11.52.</p> This article was written by Solomon Oladipupo at www.financemagnates.com.

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FTX Founder Sam Bankman-Fried Takes 30% Stake of Anthony Scaramucci's SkyBridge Capital...

FTX Founder and CEO Sam Bankman-Fried and SkyBridge Capital founder Anthony Scaramucci, discuss why FTX has taken a stake in SkyBridge Capital. Bankman-Fried also weighs in on Ethereum's upcoming merge, and the exchange's interest in a Robinhood acquisition. 

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Scaramucci: "I Still Like Bitcoin Long-Term..."

Anthony Scaramucci, SkyBridge Capital founder, discuss what's next for crypto and the headwinds Skybridge faces ahead with investors. 
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