SkyBridge Capital founder Anthony Scaramucci is not backing down from Bitcoin.
Scaramucci, a Goldman Sachs veteran, served briefly as White House Communications Director under Trump in 2017 before being fired after just 11 days. He has since become one of Wall Street’s most outspoken Bitcoin advocates.
In a post on X Scaramucci laid out five specific reasons why he remains bullish, as the commodity struggles through tough times.
Deficiencies enforced by code, not promises
Scaramucci’s first point focuses on Bitcoin’s fixed supply. With a total of $21 million enforced by code rather than policy, he said this asset is unique in a world that is burdened with $37 trillion in debt.
“That’s the whole thesis,” he wrote.
This is a forced selloff, not a broken thesis
His second point attributed the recent decline in mechanical selling pressure rather than any deterioration in fundamentals.
Miners combining operating costs and leveraged positions, he said, are driving the movement, not a change in Bitcoin’s fundamental nature.
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Institutional infrastructure is going nowhere
Scaramucci’s third point focuses on institutional routes built from 2024. Custody solutions, ETF infrastructure, and regulated trading access, he said, do not disappear because the price has fallen.
He described that infrastructure as a permanent floor under the property, regardless of whether it is taken at a short-term price.
$1.3 trillion in assets chasing a $29 trillion market
The veteran Wall Street veteran’s fourth point focuses on the size gap between market capitalization Bitcoin, which is worth about $1.3 trillion, and gold, which is worth about $29 trillion.
Scaramucci’s argument is one of estimation rather than prediction: holding even 10 percent of gold’s role as a store of value would represent a multiple of Bitcoin’s current size, not a small percentage gain.
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Pessimism as a sign, not a warning
His final point was about the feeling itself.
Scaramucci asserted that extreme pessimism has marked the entry points in Bitcoin’s history, noting that “everything below looks like this.”
A familiar, subdued voice
Scaramucci has built much of his public profile in recent years on his steadfast advocacy of Bitcoin, often pleading guilty at times when sentiment has turned sour.
His latest post fits that pattern, a systematic defense of assets at a time when much of the surrounding discussion has turned to caution.
