SkyBridge Capital founder Scaramucci states he continues to buy Bitcoin at levels of $84,000, $63,000, and other equivalent prices.
(Background: Bitcoin dropped to $67,900, Ethereum fluctuated around $2,000 with “strong resistance above”: ETH may dip to $1,300)
(Additional context: China’s “opposition to stablecoins” pattern is set: digital yuan deposits earn interest, StableCoin advantages are completely eliminated)
Table of Contents
- ETF investors are surrendering, Scaramucci says this is an opportunity
- Trump is the “Crypto President,” but Greenland could be a stumbling block for crypto legislation?
- Solana, Avalanche, TON’s 2026 altcoin bets
Anthony Scaramucci, founder of SkyBridge Capital, said today (11th) at the Hong Kong Consensus summit during a discussion with Bullish CEO:
“Ten days ago, we bought Bitcoin at $84,000, last week at $63,000, and this week we continue to buy. We are buyers in this market.”
During Bitcoin’s sharp decline from a high of $126,000 in October last year to a low of $60,000 in early February, he also added that buying Bitcoin in a falling market is like catching a falling knife; however, a manager managing billions of dollars publicly announcing “buying on dips” still plays a stabilizing role in market sentiment.
ETF investors are surrendering, Scaramucci says this is an opportunity
Scaramucci’s public statement at this time is not without reason. The Bitcoin ETF market is experiencing the most severe capital outflow since its inception. From November 2025 to January 2026, US spot Bitcoin ETFs saw a net outflow of about $6.2 billion, setting the longest continuous outflow record in history.
On February 5th, BlackRock’s IBIT daily trading volume exceeded $10 billion, with over 284 million shares traded, breaking records. But this was not driven by buying, rather panic selling. IBIT redeemed $175 million that day, accounting for 40% of the total net outflow of $434 million across all 11 Bitcoin ETFs.
On-chain data also provides more direct evidence: on February 5th, the realized loss of Bitcoin adjusted for physical holdings reached $3.2 billion, a record high. The average cost basis for ETF holdings is around $90,000, with unrealized losses of about 15%. This means that a significant portion of ETF buyers who entered at high prices in late 2024 and early 2025 are now exiting at a loss.
Scaramucci’s logic is simple: when others are panicking and selling, smart money should buy.
Trump is the “Crypto President,” but Greenland could be a stumbling block for crypto legislation?
In the discussion, Scaramucci also touched on a subtle political observation. He called Trump a “crypto president,” believing that the current administration is more friendly toward digital asset policies than the previous one. But he quickly warned that Trump’s ambitions for Greenland could backfire on the crypto industry.
The reasoning is this: Trump’s aggressive geopolitical moves, especially his overt interest in Greenland, could anger Democratic opponents. When opponents are sufficiently provoked, they might choose to block crypto legislation as a way to counter Trump’s policy record, even if they themselves are not strongly opposed to cryptocurrencies.
Crypto legislation currently is not an isolated policy issue but embedded within larger partisan struggles. The fate of bills like stablecoin regulation, market structure laws, and tokenized securities frameworks may depend on political calculations unrelated to cryptocurrencies.
Solana, Avalanche, TON’s 2026 altcoin bets
Besides Bitcoin, Scaramucci has previously expressed his preferences for altcoins: Solana, Avalanche, and TON.
He is most clear about Solana, describing it as “low-cost, fast, developer-friendly,” and has a long-term target price of $2,500 within 5 to 10 years. His reasoning is that tokenization combined with clearer US regulation will position Solana as a core financial infrastructure system.
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