Scaramucci buys Bitcoin during the drop and sees Trump as pro-cryptocurrency in the US.

• Scaramucci buys Bitcoin during the dip and reinforces his long position.
• Trump is called the "crypto president" by Scaramucci.
• Solana could gain market share among layer 1 blockchains.

SkyBridge Capital founder Anthony Scaramucci stated on Wednesday that he is buying Bitcoin during the market turbulence. In a conversation with Tom Farley, CEO of Bullish, during the... In Hong Kong, he said he saw the moment as an opportunity and called Donald Trump, the current US president, a "crypto president".

"So, 10 days ago, we were buying Bitcoin at 84.000 last week, we're buying Bitcoin at 63.000 this week, we're buying Bitcoin in this market again," Scaramucci stated, commenting on the strategy of increasing exposure amidst the price pullback.

Even while advocating for a buy, he described the move as challenging. According to Scaramucci, entering a bear market can be like trying to catch a falling knife, as declines often occur in waves and with significant short-term volatility.

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Bitcoin fell back to near $60.000 after peaking above $126.000 in October of this year. Prices then rebounded back to the $69.000 range, at a time when investors were observing signs of capitulation in the Bitcoin ETF market.

In the same speech, Scaramucci compared the current political environment to that of the previous administration and said he considers Trump more favorable to the cryptocurrency market. Even so, he highlighted that some of the president's geopolitical maneuvers could increase resistance among Democrats, affecting the progress of bills related to the sector.

“I’ll tell you one thing: believe it or not, the Greenland issue is really tied to the industry. If he does things like that, it irritates the opposition to such an extent that they think: ‘You know what? We don’t want him to win anything, and even if it means hurting ourselves and harming us, we will vote against the cryptocurrency bill to hurt Donald Trump’,” he explained.

When discussing layer 1 networks, Scaramucci also mentioned that the programmable blockchain Solana could be one of the fastest to gain market share, as users and applications seek performance and lower transaction costs.