2 months ago
8367
SkyBridge Capital is putting more money into macro trading strategies as uncertainty around President Donald Trump’s policies creates volatile market conditions, according to company founder Anthony Scaramucci.
Speaking at the World Economic Forum in Davos through the Reuters Global Markets Forum, Scaramucci explained that his firm has profited from recent market turbulence affecting interest rates, currencies and other assets.
Firm shifts away from crypto holdings
“Because of the volatility, the macro traders have done better,” Scaramucci said.
SkyBridge’s investment mix demonstrates the strategy shift. By September 30, 2025, the macro allocation of the SkyBridge Opportunity Fund had grown to around 69%. According to regulatory documents, that represents a significant change from March 31, 2025, when digital assets and cryptocurrency accounted for almost 65% of the fund.
Even after prices significantly declined from last year’s peak, Scaramucci continued to have a bullish attitude on Bitcoin despite withdrawing from cryptocurrency investments.
“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.
Bitcoin experienced dramatic price swings in 2025. The digital currency climbed to a record high above $126,000 in October before crashing in a massive selloff. The decline forced more than $19 billion in liquidations as traders with borrowed money had to close their positions.
Delays in regulations lead to a cautious approach
Bitcoin was down almost 30% from its October peak as of Wednesday, trading close to $88,000. Traders who had anticipated more seamless policy changes from Washington were shaken by the decline.
Scaramucci acknowledged that following last year’s elections, the cryptocurrency market anticipated regulatory developments too quickly. Businesses and investors expected the government’s handling of digital asset regulations to evolve more quickly.
The GENIUS Act, which established a foundation for stablecoins, was passed by the US in July 2025. The Clarity Act, a more comprehensive piece of market structure reform, is still blocked in the Senate. As a result of the delay, exchanges and businesses now have to deal with a slower regulatory timeframe than anticipated.
This regulatory holdup explains why SkyBridge maintains a careful approach despite remaining optimistic about Bitcoin’s future prospects. “I’m cautiously optimistic. I think we’ll have an OK year,” Scaramucci said.
Beyond managing SkyBridge funds, Scaramucci and his son AJ have made personal investments in Bitcoin businesses. Solari Capital, started by AJ Scaramucci, led a $220 million funding round in July for American Bitcoin, a mining and treasury company connected to Trump. The Scaramuccis told Fortune they have invested over $100 million in the firm.
The smartest crypto minds already read our newsletter. Want in? Join them.
English (US)