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SkyBridge CEO Scaramucci: Buying Bitcoin with debt is dangerous
Anthony Scaramucci, the founder and CEO of SkyBridge, a company known for its investments in digital assets and the crypto space, stated that he finds it dangerous for Strategy-type companies to start acquiring Bitcoin. The renowned investor expressed that this is "a craze, a trend," while noting that his faith in Bitcoin has not changed.
"Bitcoin will suffer the loss..."
Speaking at the DigiAssets 2025 conference, Scaramucci stated that this approach resembles the past "SPAC frenzy" and the merger frenzy of companies, saying, "These kinds of extreme movements always happen in our industry. It usually doesn't end well. I think this is a trend, a craze. In the end, Bitcoin will suffer the consequences."
"If Michael Saylor were here, I would tell him too"
Scaramucci, who changed Michal Saylor's comment on Bitcoin as "Digital real estate," stated, "Bitcoin is, for me, digital gold... Therefore, I believe Bitcoin will reach the market value of gold. If Michael were here, I would tell him that too. He is talking about a value of 500 trillion dollars. I think it will turn into an asset worth 24-25 trillion dollars."
As is known, recently many companies have shifted to a strategy of purchasing Bitcoin, from GameStop to Trump Media and from Semler Scientific to Metaplanet. Saylor's company, Strategy, was the first to take this step in August 2020.
Published: June 18, 2025 19:02Last Updated: June 18, 2025 19:07