Scaramucci Defends MicroStrategy's Bitcoin Strategy, Predicts Long-Term Crypto Growth

Benzinga2024-12-23

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 BTC/USD volatility...

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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nScaramucci Defends MicroStrategy's Bitcoin Strategy, Predicts Long-Term Crypto Growth\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-23 04:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/markets/cryptocurrency/24/12/42638902/scaramucci-defends-microstrategys-bitcoin-strategy-predicts-long-term-crypto-growth><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>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 BTC/USD volatility...</p>\n\n<a href=\"https://www.benzinga.com/markets/cryptocurrency/24/12/42638902/scaramucci-defends-microstrategys-bitcoin-strategy-predicts-long-term-crypto-growth\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4595","symbol_name":"比特币概念","start_time":0,"source_url":"https://www.benzinga.com/markets/cryptocurrency/24/12/42638902/scaramucci-defends-microstrategys-bitcoin-strategy-predicts-long-term-crypto-growth","article_id":"2493722462","we_media_id":null,"thumbnails":["https://www.benzinga.com/files/images/story/2024/12/22/Anthony-Scaramucci--Photo-by-World-Econo.jpeg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2493722462","pubTimestamp":1734898545,"columns":[],"sourceInfo":{"source_id":"Benzinga","name":"Benzinga Cypto"},"weMediaInfo":null,"summary":"Anthony Scaramucci, founder of SkyBridge Capital, has dismissed concerns surrounding Michael Saylor and MicroStrategy Inc., suggesting fears of a potential collapse due to Bitcoin&#39;s (CRYPTO: BTC) volatility are exaggerated. ","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4595":"比特币概念","BK4588":"碎股","BK4516":"特朗普概念","BK4596":"哈里斯概念","BK4023":"应用软件","BK4585":"ETF&股票定投概念","BK4600":"加密货币概念","BK4601":"加密货币现货ETF","MSTR":"MicroStrategy","BK4594":"比特币ETF概念"},"translate_title":"Scaramucci为MicroStrategy的比特币战略辩护，预测加密货币的长期增长","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MSTR":1},"content_text":"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 BTC/USD volatility are exaggerated. \nWhat Happened: In an interview on Friday, Scaramucci pointed to Saylor's long-term debt strategy as evidence of MicroStrategy's resilience.\n\"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.\" \nMicroStrategy's bold bet on Bitcoin has driven a more than 400% surge in its stock this year, while the company financed purchases with billions in convertible debt.\nThe company currently has $7.2 billion in outstanding convertible debt, including $6 billion raised in 2024 alone. While some worry Bitcoin's price drops could force MicroStrategy to offload its holdings, further depressing prices, Scaramucci argued this narrative is overblown, reports the outlet.  \nAlso Read: Scaramucci: Bitcoin Is a Volatile Asset, But ‘Ready for Prime Time Institutional Investing’\n\"The narrative of him being forced to sell hundreds of thousands of tokens into the market, I think it's a forced narrative,\" he said, comparing MicroStrategy's structure to that of Lehman Brothers' during the 2008 financial crisis.\nMicroStrategy remains a top holding of the First Trust SkyBridge Crypto Industry and Digital Economy ETF, sub-advised by SkyBridge Capital. Scaramucci praised Saylor's innovative approach, saying, \"He's created this positive flywheel by issuing debt and equity.\"\nWhy It Matters: Bitcoin has recently pulled back from an all-time high of $108,000, retreating amid profit-taking and market volatility. Scaramucci anticipates potential corrections in the 30-40% range, which could bring Bitcoin's price to $60,000-$70,000. \nHowever, he remains optimistic about Bitcoin's long-term trajectory, citing favorable regulatory developments and U.S. exchange-traded funds investing directly in the cryptocurrency.\n\"Could it get to $18 trillion dollars in market cap?\" Scaramucci speculated. \"We believe that it could. Is it a direct line to $18 trillion? No.\"\nRead Next\nScaramucci on Trump Deportation Plan: ‘We're Going To Have a Stock Market Crash'\nThis content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors. $BTCBitcoin$94375.42-2.94%WatchlistOverviewMSTRMicroStrategy Inc$370.4813.5%Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.4","shortVersion":"4.29.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2493722462"}