- BTC-USD+0.54%
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SkyBridge Capital founder Anthony Scaramucci maintains his long-term bullish stance on Bitcoin, saying that he believes artificial intelligence is likely in bubble territory.
Scaramucci’s 30% BTC Allocation
In an interview with Phil Rose on Thursday, Scaramucci attributed Bitcoin’s recent correction largely to its historical four-year cycle and mining economics rather than weakening fundamentals.
“If you believe Bitcoin is the operating layer for the future of money and a digital store of value, you stay invested,” he advised.
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Scaramucci stated that he would allocate roughly 30% of a new portfolio to Bitcoin, alongside AI investments, U.S. equities, real estate and gold.
He added that while he remains highly convicted, he continuously challenges his own investment assumptions.
“I’ve been humbled by markets,” Scaramucci said. “I could be wrong about Bitcoin.”
In the final week of June, Scaramucci outlined five reasons he remains bullish on Bitcoin despite the sharp sell-off.
He argued that Bitcoin is the only asset immune to government debasement, the recent decline was driven by forced selling rather than weakening fundamentals and institutional adoption remains firmly intact.
Also, periods of maximum pessimism often present attractive buying opportunities, and BTC capturing even 10% of gold’s market role would imply significant upside.
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Scaramucci’s “Long-Term Money Winners”
Scaramucci also compared today’s AI leaders to Amazon during its early growth years. He argued that companies such as OpenAI and Anthropic are prioritizing infrastructure investment over near-term profitability.
“They’re money losers right now, but they’re going to be long-term money winners,” Scaramucci noted.
He said investors should expect significant volatility, including a potential 25% to 35% correction, but remain focused on the broader secular trend.
Scaramucci acknowledged it’s impossible to know whether markets are currently in a bubble until after it bursts.
“When the bubble bursts, it is absolutely ruthless,” he said. “It’s punishing.”
Scaramucci also weighed in on reports that OpenAI is exploring a potential government stake ahead of a future IPO.
