Despite Bitcoin’s recent tumultuous descent, Wall Street financier and SkyBridge Capital founder, Anthony Scaramucci, reveals his firm is actively increasing its Bitcoin holdings, viewing the current downturn as a strategic buying opportunity.

Speaking at the “Consensus 2026” conference in Hong Kong during a dialogue with Bullish CEO Tom Farley, Scaramucci shared his firm’s aggressive accumulation strategy:

“Ten days ago, we were buying Bitcoin at $84,000; last week, when it dropped to $63,000, we continued to buy; and this week, we remain active buyers of Bitcoin.”

This bold approach comes as Bitcoin navigates a challenging period. After reaching an all-time high of $126,000 last October, the cryptocurrency has experienced a significant retreat, recently flirting with the $60,000 mark. While it has since rebounded slightly to trade around $67,000, the market’s underlying confidence remains fragile, evidenced by a noticeable selling trend in spot Bitcoin ETFs.

Scaramucci candidly acknowledged the inherent risks of his strategy, likening the act of purchasing Bitcoin during a downtrend to “catching a falling knife”—a move that demands both courage and resilience from investors.

Political Undercurrents and Crypto Legislation

Shifting focus to the political landscape, Scaramucci expressed strong approval for Donald Trump’s stance on cryptocurrency, suggesting his policies are more conducive to industry growth than those of previous administrations. However, he quickly pivoted to caution, highlighting how Trump’s unconventional maneuvers in international politics, such as his past ambition to acquire Greenland, could inadvertently jeopardize crucial cryptocurrency legislation by fueling partisan conflict.

“Believe it or not, ‘crazy talk’ like buying Greenland can actually impact the entire cryptocurrency industry.”

Scaramucci elaborated that such actions might provoke Democrats into an adversarial stance, leading them to oppose crypto bills purely to thwart Trump’s perceived successes, adopting a “rather lose together than let him win anything” mentality during legislative votes.

The Future of Public Blockchains: A Solana Bet

Regarding the competitive landscape of public blockchains, Anthony Scaramucci conveyed significant optimism for Solana. He predicts that Solana is poised to be a major beneficiary of the industry’s expansion, potentially emerging as one of the top blockchains in terms of market share in the years to come.