SkyBridge’s Bold Bet: Navigating Choppy Markets With Unwavering Bitcoin Conviction
While traditional portfolios brace for impact, one major player is doubling down on digital gold.
The Hedge Against the Herd
Forget defensive plays in bonds or blue-chips. SkyBridge Capital's latest maneuver looks past the coming volatility, anchoring its strategy in Bitcoin's long-term thesis. It's a stark contrast to the risk-off sentiment creeping across Wall Street.
Faith Over Fear
The firm isn't just holding—it's strategically positioned. This commitment signals a deeper belief: that macroeconomic tremors and short-term price swings are mere noise against crypto's structural signal. They're betting the house that decentralized assets will outperform when traditional correlations break down.
The Cynical Take
Of course, it's easy to keep faith with other people's money—especially when management fees roll in regardless of which way the chart zigs or zags. A true test of conviction comes when personal capital's on the line, not just client assets.
One thing's clear: in a sea of uncertainty, SkyBridge is steering by Bitcoin's star. Whether that leads to safe harbor or stormy seas remains the billion-dollar question every other fund is watching.
Leverage Unwind Leaves Lasting Scars Across Crypto
Bitcoin’s 2025 ride left deep marks on the market’s plumbing. The token surged to an all-time high of more than $126,000 in October, then tumbled in a liquidation-heavy washout that saw more than $19B in forced unwinds across Leveraged positions.
By Wednesday, Bitcoin last traded around $88k, roughly 30% off that October record, a drawdown that tested the conviction of traders who had positioned for a cleaner policy runway in Washington.
Scaramucci said the crypto industry, himself included, got ahead of itself on regulation after last year’s election cycle, expecting a faster reset in how Washington writes the rules for digital assets.
SkyBridge Strikes Cautious Tone Amid Policy Delays
The US did land a stablecoin framework, the GENIUS Act became law in July 2025, but the broader market structure effort, often framed as the Clarity Act, is still moving through the Senate, leaving exchanges and issuers to navigate a slower timeline than many had expected.
That gap is one reason SkyBridge is keeping its stance measured, even while staying constructive on bitcoin’s long-term trajectory. “I’m cautiously optimistic. I think we’ll have an OK year,” Scaramucci said.
Away from SkyBridge’s fund positioning, Scaramucci and his son AJ have also put capital to work in the Bitcoin economy itself. Solari Capital, founded by AJ Scaramucci, led a $220M funding round in July in American Bitcoin, the Trump-linked mining and treasury firm, and the Scaramuccis told Fortune they have invested more than $100M in the company.
