Indeed, Anthony Scaramucci, a former Trump advisor, told CNBC’s Squawk Box host Andrew Ross Sorkin in a June 13 interview that he believes the cryptocurrency market would rebound as long as participants stay disciplined.
As someone who is going through his eighth crypto market dip, he remains confident in the positive outcome, as he stated:
“I am encouraged by the fact that Bitcoin is above 50% of the overall crypto market cap right now, which is another sign that there’s a flight to quality there… I would recommend to people just stay disciplined.”
Dip history repeating itself
Scaramucci emphasised that the Celsius situation is putting pressure on the market in the same way that Terra (LUNA) did about six weeks ago, advising investors to remain disciplined.
When asked if “staying disciplined” meant “buying,” SkyBridge Capital founder said:
“We have bought more Bitcoin and Ethereum, we have a private stake in FTX – and FTX is doing very well… So yes, people will look back on this debacle and say ‘I wish I had fresh cash to buy into that.”
Finally, Scaramucci cautioned the investors to be prepared for anything:
“Could it weigh down some more? Certainly. We all know that whatever you think cannot happen on Wall Street likely does happen and so we’re ready for every scenario.”
“The Mooch,” as he’s affectionately nicknamed, has been known to criticise some of the most vocal anti-crypto billionaires, like Berkshire Hathaway’s CEO Warren Buffett and vice chairman Charlie Munger, JPMorgan’s Jamie Dimon, and Blackrock’s Larry Fink, for not “doing their homework” on crypto.
