SkyBridge Capital founder Anthony Scaramucci revealed five reasons on Saturday for maintaining a long position on Bitcoin (CRYPTO: BTC) despite its ongoing bear market.
Scaramucci Builds Bullish Case For Bitcoin Scaramucci posited in an X post that Bitcoin’s hardcoded 21 million supply cap is its most powerful safeguard against monetary debasement by governments—particularly relevant amid America’s rapidly mounting national debt, currently over $37 trillion.
He then dismissed the recent selloff as "forced" and not a reflection of "broken fundamentals." Scaramucci had earlier described Bitcoin's ongoing trajectory as a "self-fulfilling prophecy," in which traders, expecting a four-year cycle, begin selling and thereby make that outcome a reality. 5 reasons I’m still long Bitcoin:1.The only asset no government can debase. 21M cap, enforced by code — not promises.
In a $37T-debt world, that’s the whole thesis.2.This selloff is forced sellers — miners covering costs, leverage unwinding — not broken fundamentals.3.The…— Anthony Scaramucci (@Scaramucci) June 20, 2026 'Max Pessimism' A Historical Buying Opportunity?
The former White House Communications Director also highlighted the institutional infrastructure built since 2024, including the spot Bitcoin exchange-traded funds, asserting that it won't disappear due to a price drop.
