Scaramucci Defends MicroStrategy’s Bitcoin Strategy, Predicts Long-Term Crypto Growth
Anthony Scaramucci, founder of SkyBridge Capital, has dismissed concerns surrounding Michael Saylor and MicroStrategy Inc., suggesting fears of a potential collapse due to Bitcoin‘s (CRYPTO: BTC) volatility are exaggerated.
What Happened: In an interview on Friday, Scaramucci pointed to Saylor’s long-term debt strategy as evidence of MicroStrategy’s resilience.
“People think if Bitcoin crashes, he is going to implode,” Bloomberg quoted Scaramucci saying during the interview. “But if you really study his balance sheet, he has long, long-term debt, and he has rolling long-term debt. You’d have to have a systemic collapse in Bitcoin lasting six or seven years to flash him out.”
MicroStrategy’s bold bet on Bitcoin has driven a more than 400% surge …
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