Latest news with #SkyBridgeCapital
Yahoo
7 hours ago
- Business
- Yahoo
Scaramucci Says Bitcoin Treasury Trend Will Fade Despite Saylor's Success
Anthony Scaramucci, the founder and managing partner of hedge fund SkyBridge Capital, says the wave of companies adopting a bitcoin (BTC) treasury strategy is just a passing trend. In an interview with Bloomberg, Scaramucci said he expects the approach to lose momentum in the coming months. 'Right now we're having this replicative treasury company idea,' Scaramucci said. 'So, you know, it will fade.' He implied that investors may start to wonder why they're paying extra for a company to hold an asset they could simply buy themselves. The idea of using bitcoin as a corporate treasury asset gained traction in 2021, when Strategy (MSTR), a software developer led by Michael Saylor, became the first major public company to do so. Saylor's aggressive bitcoin purchases turned Strategy into a de facto bitcoin investment vehicle, sending its stock price soaring nearly 3,000% since then. The massive gains drew attention across corporate America and elsewhere. A number of companies followed Strategy's lead, including medical device maker Semler Scientific (SMLR), which announced its own bitcoin treasury strategy in May 2024, and Tokyo-based Metaplanet (3350), which started out as a hotel management company. The trend hasn't been limited to high-profile firms. Smaller companies, often penny-stocks, also jumped in, trying to raise capital or attract investor interest by adding bitcoin or other cryptocurrencies to their balance sheets. What began as a focus on bitcoin soon expanded to other digital assets. Some companies opted to purchase ether (ETH) or XRP (XRP) as part of their treasury strategy, pushing the concept beyond its original scope. Scaramucci acknowledged that Saylor's success is unique, pointing to the company's other business lines beyond bitcoin holdings. 'Saylor's case is different, because he's got a couple different products going now,' Scaramucci said in the interview with Bloomberg. 'I'm not negative on the others, because I'm too bullish on bitcoin, but I would just say as an investor, you have to look through the underlying costs associated with each one of these treasury companies.'
Bloomberg
12 hours ago
- Business
- Bloomberg
Scaramucci Says Crypto Treasury Company Trend ‘Will Fade' Away
Anthony Scaramucci, founder and managing partner of the hedge fund SkyBridge Capital, says that the recent proliferation of public companies adopting crypto treasury strategies is a trend that will eventually go away. 'Right now we're having this replicative treasury company idea,' Scaramucci said in an interview Tuesday. 'So, you know, it will fade.'
Time of India
19-06-2025
- Business
- Time of India
Cryptocurrency Live News & Updates : Ethereum Reserves Reach 1% Amid Corporate Growth
20 Jun 2025 | 04:00:12 AM IST Anthony Scaramucci, founder of SkyBridge Capital, predicts that Solana (SOL) will eventually surpass Ethereum (ETH) in market capitalization, although he did not specify a timeline. In recent developments, Anthony Scaramucci of SkyBridge Capital has expressed confidence that Solana could outpace Ethereum in market value, reflecting his deep understanding of the cryptocurrency landscape since entering in 2020. Meanwhile, OKB, the utility token of the OKX exchange, has seen a remarkable 13% surge, breaking the $54 mark, driven by whale accumulation and the exchange's U.S. expansion. This surge is notable amid a generally flat market for major cryptocurrencies. Additionally, Elon Musk is working on transforming X into a comprehensive super app that may include investment and trading features, potentially reshaping how users interact with digital assets. In a different realm, Donald Trump's company has reduced its stake in WLFI, which could yield substantial profits, while Mexican billionaire Ricardo Salinas remains bullish on Bitcoin, suggesting it could surpass gold's $16 trillion market value. These narratives highlight the dynamic and evolving nature of the cryptocurrency market, with significant movements and predictions shaping the landscape. Show more
Time of India
05-06-2025
- Business
- Time of India
Trump-Musk rift widens over 'big, beautiful bill': Can Democrats woo President's fired 'first buddy'?
Can Democrats woo Elon Musk? Live Events Musk attacks Trump's 'big, beautiful' bill (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Tech billionaire Elon Musk stepped up his attacks on President Donald Trump's signature bill on Wednesday with a barrage of posts on X slamming the megabill, saying in one that no one "should be able to stomach it". He instructed his more than 200 million followers to call members of Congress to "KILL the BILL." Musk Wednesday alone has already posted or helped amplify posts on X criticizing the bill more than 25 times. "Mammoth spending bills are bankrupting America! ENOUGH," Musk wrote in one another, Musk was more forceful, writing, "Call your Senator, Call your Congressman, Bankrupting America is NOT ok! KILL the BILL." Musk has said he is stepping away from politics to focus on his businesses. Anthony Scaramucci , founder and CEO of SkyBridge Capital, has suggested Democrats could gain Elon Musk's support by taking a strategic approach: reminding him that a large portion of his customers likely identify as Democrats, and showing openness to some of his ideas, reported on his podcast The Rest is Politics US, Scaramucci, said it was important to "woo" Musk back after a "cooling off period." Scaramucci was fired by Donald Trump just 10 days into the job as his White House communications director in added that Democrats could move to the centre and forgo more left-wing policies to "bring Elon Musk back into the fold as a prodigal son."However, he said it was unlikely Democrats would do so. It would be a coup for Democrats if they could court the influence of the world's richest man once more. Elon Musk, the world's richest private individual, contributed $288 million to Donald Trump's 2024 election campaign, according to public he has since distanced himself from the Trump administration, voicing opposition to the controversial spending proposal dubbed the 'big, beautiful bill,' and has chosen to reduce his political engagement to concentrate more on his business the podcast, Scaramucci outlined the steps he would take to "woo" Musk. He said: "If I were a Democrat I'd be trying to woo him back. I would tell him 'look your customers are primarily Democrats, let's give a cooling off period, come back into the party and help us and lets acknowledge some of the things that you are right about'"."The Democrats are in sore need of a [former president Bill] Clinton-like experience," he continued. "A radical centrist who can come in, help reform the government, lay-off of the hard-left stuff that the country really doesn't like, go for the heartland which was your base."Elon Musk has ramped up his opposition to Donald Trump's One, Big, Beautiful Bill, criticising it in about two dozen posts on his social media platform X in the past 24 tech billionaire posted on X earlier this week that the bill would add to the US budget deficit and saddle Americans with "crushing" debt. On Tuesday, he described it as a "disgusting abomination", in a widening rift between the left the administration abruptly last week after 129 days working to cut costs with his team, known as Doge. The comments mark his first public disagreement with Trump since leaving government, after having previously called the plan "disappointing".White House officials said Donald Trump remains committed to passing his spending and tax bill through the US Senate, despite the increasingly vocal opposition from his billionaire about Musk's comments soon after the first post, White House press secretary Karoline Leavitt said "the President already knows where Elon Musk stood on this bill". "This is one, big, beautiful bill," she added. "And he's sticking to it."The comments from Musk reflect wider tensions among Republicans over the plan, which faced stiff opposition from different wings of the party as it worked its way through the House.
Yahoo
31-05-2025
- Business
- Yahoo
Anthony Scaramucci Says 'Own Your S***' Is The First Rule for Young Investors: Urges Them To Embrace Change, Take Risks And Learn From Market Veterans Like Him
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Founder and CEO of SkyBridge Capital, Anthony Scaramucci, has some no-nonsense advice for young investors looking for success in an uncertain business landscape: own your flaws, consult older investors and embrace constant change. What Happened: Speaking on his podcast Open Book with Anthony Scaramucci, he said, "Own your s*** in life." "And once you're able to own your s*** in life you can make massive improvements and it'll help your psychological health. It'll help your happiness and it'll help your outlook on life." Trending: — no wallets, just price speculation and free paper trading to practice different strategies. He highlighted that this should be the "number one" priority for any individual. Highlighting the importance of resilience, he said: "People that are in business for three, four decades, they've had at least eight to nine cataclysms... those bear markets steel you for staying in things and being patient." This piece of advice echoes lessons Scaramucci learnt from unknowingly holding on to $1,200 worth of Microsoft stock from 1992, which went up to $288,000 over twenty years. For young investors, Scaramucci recommended consulting with seasoned professionals: "Seek out older investors that have been destroyed in the markets like me over the nine cycles that I've gone through because it'll help you. It'll give you perspective and it'll teach you patience in the markets."Why It Matters: Scaramucci stressed the value of risk-taking as a strategy for growth. "You have to embrace new technologies and you have to embrace new ideas," he said. "Your brain is incredibly neuroplastic. It definitely can evolve and reshape its thinking." Advising young investors not to harbor a fear-based mindset, he said: "When people say the word risk sometimes they only hear downside risk... But risk also means reward. And you got to be willing to take some risk." Scaramucci, who regularly doles out advice on his podcast, reiterated his stance on Bitcoin (CRYPTO: BTC) being the single best investment idea earlier this week. Read Next: New to crypto? Get up to $400 in rewards for successfully completing short educational courses and making your first qualifying trade on Coinbase. A must-have for all crypto enthusiasts: Sign up for the Gemini Credit Card today and earn rewards on Bitcoin Ether, or 60+ other tokens, with every purchase. Photo courtesy: Al Teich / Send To MSN: Send to MSN This article Anthony Scaramucci Says 'Own Your S***' Is The First Rule for Young Investors: Urges Them To Embrace Change, Take Risks And Learn From Market Veterans Like Him originally appeared on
