Asset Manager SkyBridge Prepares For Choppy Markets, Keeps Faith In Bitcoin
Alternative asset supervisor SkyBridge Capital is leaning tougher into macro trades as coverage uncertainty beneath President Donald Trump retains markets jumpy, founder Anthony Scaramucci mentioned in Davos, the place buyers are once more pricing greater swings throughout charges, currencies and danger belongings.
Scaramucci, speaking at the Reuters Global Markets Forum on the sidelines of the World Economic Forum, mentioned the agency has benefited from that churn.
“Because of the volatility, the macro merchants have completed higher,” he mentioned.
The shift reveals up in SkyBridge’s personal portfolio combine. The SkyBridge Opportunity Fund moved to a macro weighting of about 69% by Sept. 30, 2025, after sitting at roughly 65% in cryptocurrency and digital belongings as of March 31, 2025, filings present.
Even so, Scaramucci caught to his long-running view that Bitcoin’s large image stays intact, even after a pointy slide from final yr’s peak.
“This is extra of a timing subject than a course subject. I don’t assume the basic story for Bitcoin has modified. If something, you’ve seen loads of consolidation,” he mentioned.
Leverage Unwind Leaves Lasting Scars Across Crypto
Bitcoin’s 2025 experience left deep marks available on the market’s plumbing. The token surged to an all-time high of greater than $126,000 in October, then tumbled in a liquidation-heavy washout that noticed greater than $19B in compelled unwinds throughout leveraged positions.
By Wednesday, Bitcoin final traded round $88k, roughly 30% off that October document, a drawdown that examined the conviction of merchants who had positioned for a cleaner coverage runway in Washington.
Scaramucci mentioned the crypto business, himself included, obtained forward of itself on regulation after final yr’s election cycle, anticipating a quicker reset in how Washington writes the principles for digital belongings.
SkyBridge Strikes Cautious Tone Amid Policy Delays
The US did land a stablecoin framework, the GENIUS Act grew to become regulation in July 2025, however the broader market construction effort, usually framed because the Clarity Act, remains to be shifting by means of the Senate, leaving exchanges and issuers to navigate a slower timeline than many had anticipated.
That hole is one cause SkyBridge is retaining its stance measured, even whereas staying constructive on bitcoin’s long-term trajectory. “I’m cautiously optimistic. I feel we’ll have an OK yr,” Scaramucci mentioned.
Away from SkyBridge’s fund positioning, Scaramucci and his son AJ have also put capital to work within the Bitcoin financial system itself. Solari Capital, based by AJ Scaramucci, led a $220M funding spherical in July in American Bitcoin, the Trump-linked mining and treasury agency, and the Scaramuccis informed Fortune they’ve invested greater than $100M within the firm.
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