Skybridge Capital founder: Tariff turmoil causes short-term market volatility, Bitcoin and cryptocurrencies are long-term winners
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Odaily Odaily News reports that Anthony Scaramucci, the founder of Skybridge Capital, commented on the tariff turmoil, saying that the inconsistent behavior of President Trump will lead to short-term market volatility, and Bitcoin and cryptocurrencies are long-term winners, but "you must accept the full impact of Trump's policies." The company holds $140 million in digital assets, accounting for 57% of its total assets under management, and Scaramucci has more than 60% of his personal wealth in Bitcoin. Scaramucci also said: "If fully adopted by institutions, banks can custody cryptocurrencies, hold them on their own balance sheets, leverage their capital to become major investors in cryptocurrencies, even just Bitcoin, I think this would be an enormously powerful and far-reaching move."
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