Anthony Scaramucci, Founder & Managing Partner of SkyBridge Capital, speaks while hosting the Skybridge Capital SALT New York 2021 conference in New York City, U.S., September 14, 2021. REUTERS/Brendan McDermid/File Photo Purchase Licensing Rights , opens new tab
DAVOS, Switzerland, Jan 20 (Reuters) - Alternative asset manager SkyBridge Capital is tilting further towards macro strategies as policy uncertainty under U.S. President Donald ?Trump's administration fuels market swings, founder Anthony Scaramucci said in Davos, Switzerland.
"Because ?of the volatility, the macro traders have done better," Scaramucci told the Reuters Global Markets Forum on the sidelines of the World Economic Forum's annual meeting.
Scaramucci, a staunch crypto advocate whose firm has invested heavily in digital assets, believes bitcoin's long-term story is intact ?despite a sharp pullback from last year's record highs.
"This is more ?of a timing issue than a direction issue. I don't think the fundamental story for bitcoin has changed. If anything, you've seen a lot of consolidation," he ?said.
"I would like to see bitcoin back to $125,000 to $150,000," Scaramucci said. "But it's bitcoin ... (it) does whatever it wants."
Bitcoin was hovering below $90,000 on Tuesday, about 28% lower than its October 2025 record ?high.
Scaramucci, who in ?2024 predicted that bitcoin would ?hit $170,000 by late 2025, said: "All of us in the bitcoin community got overly enthusiastic about the end of repressive regulation in digital assets ... and none of that happened," he said, referring to ?the stablecoin legislation, the Genius Act, and crypto market structure bill, the Clarity Act, under consideration by the U.S. Congress.
"I'm cautiously optimistic. I think we'll have an OK year," he said.
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