Anthony Scaramucci, founder of SkyBridge Capital, discusses the crypto market on Squawk Box. Bitcoin has seen a 7% drop since Trump took office, currently at $97,500. Scaramucci believes Bitcoin should have been approved for futures earlier and sees potential for institutions to enter the market. He also mentions Ethereum and Solana as other assets they are interested in. Scaramucci avoids discussing meme coins like the Sorkin coin and talks about the potential risks associated with them. He believes that older investors may view all cryptocurrencies as speculative assets. Scaramucci avoids discussing specific meme coins like Jail Stool and emphasizes their focus on more established cryptocurrencies. He also jokes about the idea of a “mooch coin” and the volatility and speculation surrounding meme coins. Overall, Scaramucci sees potential for growth in the crypto market but advises caution and highlights the need for regulation and institutional involvement.
