SkyBridge bets on rising volatility, cautiously optimistic on bitcoin, Scaramucci says

• Bitcoin has fallen approximately 28% from its October 2025 all-time high of over $126,000 to below $90,000, with the crash triggering over $19 billion in leveraged position liquidations—the largest in crypto history
• SkyBridge's Opportunity Fund shifted allocation from 65% crypto/digital assets in March 2025 to 69% macro strategies by September 2025 as volatility increased under Trump administration policy uncertainty
• Scaramucci acknowledged the bitcoin community's excessive optimism regarding regulatory relief, noting that anticipated stablecoin and crypto market structure legislation (the Genius Act and Clarity Act) has stalled in Congress

Summary: SkyBridge Shifts to Macro Strategies Amid Volatility, Remains Bitcoin Optimistic

Key Developments:

SkyBridge Capital is pivoting toward macro trading strategies as policy uncertainty under President Trump's administration drives market volatility, founder Anthony Scaramucci announced at the World Economic Forum in Davos. The firm's SkyBridge Opportunity Fund increased its macro weighting to 69% by September 2025, up from 65% in cryptocurrency exposure in March 2025.

Bitcoin Market Performance:

Bitcoin experienced extreme volatility in 2025, reaching an all-time high above $126,000 in October before crashing and triggering over $19 billion in liquidations—the largest in crypto history. The cryptocurrency currently trades below $90,000, representing a 28% decline from its October peak.

Market Outlook:

Despite the pullback, Scaramucci maintains his long-term bullish stance on bitcoin, calling the downturn "more of a timing issue than a direction issue." He projects bitcoin could reach $125,000-$150,000, though his 2024 prediction of $170,000 by late 2025 fell short.

The crypto advocate cited disappointment over delayed U.S. regulatory progress, noting that anticipated reforms—including stablecoin legislation (blocked July 2025) and the Clarity Act (stalled in Senate)—have not materialized despite expectations for reduced regulatory pressure.

Investment Implications:

SkyBridge's strategic shift reflects broader market trends favoring macro strategies during periods of elevated volatility. Scaramucci expressed "cautious optimism" for the year ahead, acknowledging the bitcoin community's "overly enthusiastic" expectations for regulatory changes that have yet to occur.

The firm remains committed to digital assets long-term while capitalizing on near-term macro trading opportunities driven by policy uncertainty.