Scaramucci has defended MicroStrategy's debt strategy and its investments in Bitcoin, stating that concerns about the company's financial approach are exaggerated.
Scaramucci believes that MicroStrategy's balance sheet, structured around long-term debt, can withstand the volatility of the cryptocurrency market. He dismisses fears of forced liquidation of Bitcoin holdings, comparing MicroStrategy's structured debt to the high-risk models that caused the downfall of firms like Lehman Brothers.
SkyBridge Capital, Scaramucci's firm, has invested in MicroStrategy through its First Trust SkyBridge Crypto Industry and Digital Economy ETF, reflecting confidence in the company's long-term Bitcoin strategy. Scaramucci acknowledges the potential for a significant correction in Bitcoin's price, but remains optimistic about its future.
Scaramucci cites favorable regulatory developments and increasing institutional interest as factors that could drive Bitcoin's market cap to eventually reach $18 trillion. He emphasizes the evolving regulatory landscape and institutional confidence as key drivers of this potential growth.
Overall, Scaramucci's defense of MicroStrategy's financial strategy highlights the company's ability to navigate the complexities of the cryptocurrency market and withstand short-term volatility.