SkyBridge Capital founder Anthony Scaramucci stated at the Consensus Hong Kong conference that he is continuously buying Bitcoin during the market downturn. Scaramucci revealed that he purchased Bitcoin last week at $84,000 and added more this week at $63,000, describing buying Bitcoin in a falling market as catching a falling knife.
Bitcoin’s recent price dipped close to $60,000, after reaching a high of $126,000 in October 2025. Subsequently, due to a short-term correction in the Bitcoin ETF market, the price rebounded to around $69,000. Scaramucci remains optimistic about the long-term market outlook, believing that current lows present an opportunity to establish long-term positions.
Regarding political factors, Scaramucci said that President Trump is more adaptable in the cryptocurrency space, even calling him the “Crypto President.” He pointed out that Trump’s geopolitical moves, such as interest in Greenland, could provoke the Democratic opposition to take a tougher stance on issues including digital asset policies, indirectly impacting the crypto market policy environment.
Additionally, when discussing blockchain technology development, Scaramucci stated that the programmable Layer 1 blockchain Solana is expected to become one of the fastest-growing blockchains in market share. He believes Solana’s advantages in transaction speed and scalability will attract more developers and users in the coming years, accelerating the adoption of blockchain applications.
Overall, Scaramucci’s buying strategy and political analysis show that he remains confident in the growth potential of Bitcoin and high-performance public chains amid current market volatility. He emphasizes seizing low-cost investment opportunities under risk management, making him a noteworthy indicator for crypto investors.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Morgan Stanley Purchases 177.76 BTC Worth $13.75 Million
Gate News message, Morgan Stanley bought 177.76 BTC worth $13.75M three hours ago. The firm now holds 1,347.54 BTC worth $103.94M in total.
GateNews1h ago
BTC fell below 77000 USDT
Gate News bot message, Gate quotes show that BTC fell below 77000 USDT, trading at 76961.6 USDT.
CryptoRadar2h ago
NYSE Welcomes Morgan Stanley’s MSBT Launch as First Spot Bitcoin ETF Issued by a Major US Bank
Bank-backed bitcoin ETFs are accelerating institutional adoption and strengthening market credibility. The NYSE marked a new milestone as Morgan Stanley Investment Management rang the closing bell and celebrated the launch of MSBT, which the NYSE described as the first spot bitcoin ETF by a major
Coinpedia6h ago
BTC falls 0.49% in 15 minutes: fragile long leverage and active sell-off pressure resonate to weigh on the short term
From 18:00 to 18:15 (UTC) on 2026-04-17, the BTC price fluctuated and trended downward within the 77097.4 to 77573.2 USDT range. Over these 15 minutes, the return rate recorded -0.49%, and the amplitude reached 0.61%. During this period, market trading was active; short-term volatility was amplified, and trading attention increased significantly. The main driver behind this abnormal move is that the overall leverage structure is bearish and long positions are fragile. At present, the BTC perpetual contract funding rate has remained negative for 11 consecutive days, indicating that the bears have the upper hand in the market. In addition, futures open interest (OI) is about 628.3 billion USDT, which is at a historical high. During the anomaly window, trading volume increased noticeably. On-chain data shows large amounts of BTC flowing from long-term holder addresses to exchanges, suggesting that active sell orders may have triggered longs to passively reduce positions, amplifying downward price pressure. Moreover, institutional positioning enthusiasm in the mainstream contract market has cooled off; liquidity boundaries have tightened, causing large-trade activity to have an amplified effect on market volatility. In the options market, implied volatility rose to 39.81%, increasing demand for downside protection and reflecting a defensive posture among market participants. Macro-environment volatility and some capital flowing into safe-haven assets, together with the recent regulatory uncertainty-related historical events, reinforced the move, pushing overall market risk appetite lower. Current BTC leverage risks still remain. If, in the future, there are concentrated sell-offs, volatility may be further amplified. It is recommended to continue monitoring sustained high OI levels, the persistence of negative funding rates, and on-chain transfers of large amounts of funds, and to stay alert for whale behavior and any disruptions to market sentiment caused by macro-policy developments. For subsequent price action, please watch key support levels, institutional and whale on-chain moves, and relevant global market news, and guard against short-term risks.
GateNews7h ago
Bitcoin Liquidations Hit $815M as BTC Surges Above $78K Amid Iran Strait Opening
Over $815 million in leveraged cryptocurrency positions were liquidated recently, mainly due to short positions against Bitcoin. Markets improved as Iran reopened the Strait of Hormuz and Trump hinted at a deal with Iran, boosting Bitcoin prices significantly.
GateNews8h ago
