Anthony Scaramucci Reveals Crypto Buying During Crash, Proposes Staying Disciplined


Many crypto investors have sold their assets due to ongoing market volatility. However, the effects of the crash are still being felt across all exchanges and crypto companies.

Some lost liquidity and were unable to meet the demands of users, while others are cutting back on staff capacity. Some investors seized the opportunity to replenish their crypto portfolio in the midst of the chaos. An example of such a forward-looking investor is Anthony Scaramucci.

Scaramucci has revealed that SkyBridge Capital, his company, increased its ETH and BTC volume during the crash. So when others rushed to sell to avoid losing everything, this company was busy piling up for the future.

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According to Scaramucci, investors should be more disciplined rather than panicked during the ravage. He pointed out that if Amazon could survive the winter of 20 years ago, top crypto candidates would also be victorious this winter.

Discipline is key in crypto

The market reports don’t look good at all. Data shows that June 14 was the worst of the days as most cryptocurrencies fell horribly. At the moment, the carnage continues to deepen, with even the number one crypto BTC falling below its all-time highs in the fourth quarter of 2020. Ethereum (ETH) is also not doing well as it has fallen lower than its 2018 ATH.

These incidents are causing a lot of fear and panic in the industry. But for Scaramucci, staying disciplined was the best option amid the chaos. He made this position known during an interview.

Scaramucci has always been a big believer in bitcoin. At the moment, even if the signs are not positive, he believes crypto top projects like BTC will recover like Amazon Stock after the storm. According to Scaramucci, Bitcoin has recently dominated the entire crypto market to higher levels. So there is hope it will recover.

The crypto market shows a sign of recovery | Source: Crypto Total Market Capitalization on TradingView.com

As for the reasons for the ongoing downtrend, Scaramucci blames the actions of both Celsius and Terra during the price decline. To avoid that sort of thing, the financier advises investors to avoid leverage but stick around for a long time.

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Scaramucci initially warned investors to exercise caution when scaling their Bitcoin investments. But according to his strategy, they should never forget that crypto is here to stay and as such should be given the right size when investing.

Does discipline mean more investment?

During the interview, Scaramucci was asked about his reasons for buying more BTC and ETH. Was the move part of the discipline he recommends? To answer that, the financier said that piling up is part of the discipline.

He believes that when the storm is over, many people would wish they had taken over the dip rather than play it too safe.

Featured image of pexels, chart from TradingView.com

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