Emily Walker
In a recent interview with CNBC on January 30, Anthony Scaramucci, the founder and co-managing partner of SkyBridge Capital and a former White House Communications Director, shared his perspective on the shifting stance of the Trump administration concerning Bitcoin and cryptocurrencies. He noted possible changes in regulation and the concept of a strategic reserve for the US.
Addressing the recent decline in the market, Scaramucci linked it to “Deepseek drama,” which he believes caused temporary volatility. He reassured viewers that Bitcoin’s price currently exceeds its value prior to the elections, stating: “We’ve seen about a 50% increase in most cryptocurrencies, particularly Bitcoin, which reached around $109,000. Therefore, a correction was expected. The market was searching for news, and the AI-related developments received a negative response in the US.”
Scaramucci pointed out that the Trump administration’s approach to crypto is a significant shift compared to the previous administration’s aversion to it. He contrasted the Biden administration’s negative stance with the Trump administration’s more favorable outlook, expressing optimism for Bitcoin and other cryptocurrencies this year.
Creating a Bipartisan Bitcoin Strategy
Despite this optimism, Scaramucci remarked that Bitcoin’s value has decreased since Trump’s presidency began, which he attributed to some traders feeling disappointed by the lack of immediate pro-Bitcoin policies. A significant topic was the proposal for a strategic Bitcoin reserve led by Crypto Czar David Sacks, who is working to establish a bipartisan consensus:
“David Sacks aims to form a coalition that includes both Democrats and Republicans to support a bipartisan Bitcoin strategic reserve. Otherwise, we risk inconsistent policies whenever the presidency changes,” Scaramucci stated.
This approach is intended to ensure that changes in administration do not lead to abrupt policy shifts regarding cryptocurrency. Scaramucci also pointed out that this conservative strategy did not appeal to traders who anticipated immediate announcements of such initiatives from Trump.
Additionally, Scaramucci discussed the potential implications of regulatory changes, referencing the exit of former SEC Chair Gary Gensler and the pressing need for clear regulatory standards—something that Coinbase CEO Brian Armstrong has emphasized. “Coinbase has sought clarity from the SEC for over two years: please define the rules for us… previously, there has been regulation through enforcement,” he noted.
Scaramucci anticipates the introduction of new cryptocurrency legislation by February 2026 that will specify stablecoin regulations as well as determine the appropriate regulatory body for Bitcoin oversight, whether it be the SEC or the CFTC.
He also mentioned the potential for a Solana futures ETF, which could lead to the creation of a Solana spot ETF, following in the footsteps of Ethereum’s ETFs. Scaramucci believes these advancements could reinforce confidence in the broader cryptocurrency market.
Despite the recent market turmoil and fluctuations, Scaramucci remains optimistic, identifying himself as a “Bitcoin maximalist” and predicting that Bitcoin will reach $200,000 by year-end.
As of now, Bitcoin is trading at $104,134.