Donald Trump’s first 30 days of his second term as President of the United States have been quite eventful. To mark the occasion, Saxo Bank spoke to Trump’s former Communications Director, Anthony Scaramucci, to get his take on Trump’s first month. Scaramucci is probably best known for serving as the White House Director of Communications for just 11 days. He is also the founder of SkyBridge Capital which has invested in crypto.
Saxo asked Scaramucci about the future of crypto, price predictions of Bitcoin, his digital asset ETF, and a strategic Bitcoin reserve.
Excluding Bitcoin and Ethereum, Scaramucci was asked which digital asset he believes holds the most potential in the next 18 months. He said that he holds a lot of Solana and that, besides Bitcoin, that’s about it. He noted that he owns some Avalanche and Polka Dot for the long term.
“We have private positions and public positions in Asteroid Labs, in Nvidia, and I’m sitting in those spaces even though some people think that they’re bubbles.
This is revolutionary stuff that reminds me of when I was 36, all the rage was the web and the internet, Web1. And people got destroyed in Web1 when the crash happened. But anybody that held on got very, very rich. And I think we’re in the same situation today as we were with Web1 and with these two asset classes, crypto and AI.”
Scaramucci also commented on Skybridge’s crypto ETF, which has returned 150% in the last year. He said that in 2021, they were not allowed to have a BTC ETF, so they looked for correlations – investments that could mirror Bitcoin returns.
“We can own the components of the digital ecosystem. We can own some of the Bitcoin miners, which are publicly traded. We can own something like MicroStrategy, which is publicly traded. Coinbase which is obviously an arms supplier to the crypto industry. And so we put together a list of about 20 stocks.”
He believes that for Bitcoin to be an asset class, it would have to trade into the $15-20 trillion zone.
Regarding a possible Bitcoin Reserve, he said he thought the idea was workable.
Once a Trump supporter and now, largely a detractor, Scaramucci said that Trump is a grifter. He noted that meme coins are going into the “stratosphere,” explaining, “That’s a disaster, and he’s a grifter.”
You may read the interview here.