In a recent interview, former White House Director of Communications Anthony Scaramucci, who is the founder and managing partner of global alternative investment firm SkyBridge Capital (“SkyBridge”), shared his latest thoughts on Bitcoin.

SkyBridge is “a global alternative investments firm specializing in multi-strategy commingled fund of hedge funds products, custom separate account portfolios and hedge fund advisory solutions to address the needs of a wide range of market participants ranging from individual accredited investors to large institutions.”

On January 4, Skybridge announced “the launch of the SkyBridge Bitcoin Fund LP, which provides mass-affluent investors with an institutional-grade vehicle to gain exposure to Bitcoin.”

The press release went on to say:

Additionally, on behalf of its flagship funds, SkyBridge initiated a position, valued at approximately $310 million at the time of this release, in funds investing in Bitcoin during November and December 2020.

Last Monday (October 24), Scaramucci told CNBC’s “Capital Connection”:

Do the homework on bitcoin, understand what it is… Anybody that does the homework … ends up investing into it. Look at Ray Dalio, a bitcoin skeptic, now a bitcoin investor... These are brilliant guys [who] did the homework and drew a conclusion that they needed to own a piece of bitcoin.

Scaramucci mentioned that so far he has invested $1 billion into BTC:

For me, I have over a billion dollars in Bitcoin now. I started accumulating that position last year. I think that this manifests itself into a gigantic asset class. This is equivalent, to me, to digital gold.

However, he does not consider himself a Bitcoin evangelist :

Guys like Michael Saylor of MicroStrategy think it’s better than that, could be 10 times gold. I’m not that optimistic about it. I am not a Bitcoin evangelist. I don’t think that Jesus and Moses got together and made a baby and named it Bitcoin; that’s not me. But I am an investor in this because I see the technical properties associated with it.

Ultimately, this is a de-layering mechanism for society… It’s a ledger defined by math. And when you think about the history of money, a ledger defined by math that has a scarcity to it, where no politician or policymaker can corrupt it or add supply to it, I think is a fascinating thing. I think it will have a big position in the global economy over the next decade.


The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.

Image Credit

Featured Image by “Donbrandon” via Pixabay