SkyBridge Asset Manager Gears Up for Market Volatility While Remaining Bullish on Bitcoin

Alternative asset manager SkyBridge Capital is embracing macro trades as market conditions remain uncertain under President Trump. Founder Anthony Scaramucci shared insights at the Reuters Global Markets Forum held during the World Economic Forum, noting that while volatility has benefited macro traders, his belief in Bitcoin’s long-term potential remains strong despite recent downturns. Scaramucci acknowledged the challenges within the crypto market, particularly regarding regulatory delays, while also revealing ongoing investments in the Bitcoin sector.

Key Takeaways

SkyBridge Capital is increasing its focus on macro trades due to ongoing market volatility.
Despite recent challenges, Anthony Scaramucci maintains a positive outlook on Bitcoin's fundamentals.
Bitcoin's price volatility was exacerbated by significant liquidation events that followed its October peak.
Regulatory progress in the U.S. is slower than anticipated, affecting market dynamics.
Scaramucci and his son have invested heavily in the Bitcoin economy, including funding for a Trump-linked mining firm.

SkyBridge

Emphasizing Macro Strategies Amid Uncertainty

SkyBridge Capital, an alternative asset management firm, is pivoting to a stronger focus on macro trades as policy uncertainty during President Trump's administration continues to create fluctuations in the markets. Founder Anthony Scaramucci shared these insights at the Reuters Global Markets Forum, which coincided with the World Economic Forum, highlighting that investors are bracing for increased volatility in rates, currencies, and risk assets.

Scaramucci remarked, “Because of the volatility, the macro traders have done better,” indicating that this market chaos is benefiting macro strategies.

As a reflection of this shift, SkyBridge's portfolio adjustments became evident. By September 30, 2025, the SkyBridge Opportunity Fund had elevated its macro weighting to approximately 69%, up from about 65% allocated to cryptocurrencies and digital assets as of March 31, 2025.

Long-Term Belief in Bitcoin

Even in the face of recent price drops, Scaramucci remains steadfast in his long-term belief that Bitcoin's overall trajectory continues to hold strong, despite having seen a significant drop from its last year's peak prices.

“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 stated.

The Impact of Market Volatility

Bitcoin's fluctuations have significantly affected the cryptocurrency landscape. The digital asset reached an all-time high of over $126,000 in October before experiencing a steep downturn, which included more than $19 billion in forced liquidations across leveraged positions. As of Wednesday, Bitcoin traded around $88,000, marking a roughly 30% decline from its October peak, testing the resolve of traders who anticipated a favorable policy environment.

Scaramucci acknowledged that the crypto sector, himself included, may have misjudged the regulatory landscape following the last election cycle, expecting quicker advancements in digital asset regulations from Washington.

Cautious Approach to Regulatory Developments

While the U.S. introduced a stablecoin framework with the passage of the GENIUS Act in July 2025, broader efforts to create a cohesive market structure, often referred to as the Clarity Act, are still in the legislative process. This delay is one reason why SkyBridge is maintaining a measured approach, despite a positive outlook for Bitcoin's future. Scaramucci stated, “I’m cautiously optimistic. I think we’ll have an OK year.”

Beyond fund positioning, Scaramucci and his son AJ are actively investing in the Bitcoin market. Their firm, Solari Capital, spearheaded a $220 million funding round in July for American Bitcoin, a mining and treasury firm associated with Trump. Together, the Scaramuccis have invested over $100 million in this initiative.