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Skybridge Capital founder: Tariff turmoil causes short-term market volatility, Bitcoin and cryptocurrencies are long-term winners

2025-02-05 08:26

Odaily News Anthony Scaramucci, founder of Skybridge Capital, commented on the tariff turmoil, saying that President Trump’s erratic behavior will lead to short-term market turmoil, and Bitcoin and cryptocurrencies are long-term winners, but “you have to accept the full impact of Trump’s policies.”
The firm holds $1.4 billion in digital assets, or 57% of its total assets under management, while more than 60% of Scaramucci’s personal wealth is in Bitcoin.
Scaramucci also said: "If there is full institutional adoption, banks can custody cryptocurrencies, keep them on their own balance sheets, use their capital to become major investors in cryptocurrencies, or even just Bitcoin, I think it will be a far-reaching and extremely powerful move."