Anthony Scaramucci, the well-known founder of SkyBridge Capital, has been a loud and consistent voice championing cryptocurrency for a long time now.

Back in 2017, during Donald Trump’s initial term as President, Scaramucci stepped into the role of White House Communications Director. However, his time in politics proved to be very brief – just a mere ten days later, he was let go after a very public disagreement with Reince Priebus, who was Chief of Staff at the time.

As someone who’s firmly believed in Bitcoin (BTC) for years, Scaramucci has put his money where his mouth is, allocating over half of his investment portfolio to this leading cryptocurrency. Beyond Bitcoin, he’s also invested in other digital assets like Solana (SOL), Avalanche (AVAX), and Polkadot (DOT), specifically choosing these because of their practical applications and usefulness.

In a conversation on the Bankless podcast this past January, Scaramucci called out Solana as his top pick among layer-one blockchains, pointing to its speed and low transaction fees as major advantages. His positive view on Bitcoin hasn’t wavered either; he even predicted last year that Bitcoin would shoot past $100,000 in 2024, driven by the growing excitement around Bitcoin exchange-traded funds (ETFs).

Looking to the future, Scaramucci anticipates that crypto-friendly policies under a new administration could really boost Bitcoin’s value, possibly even doubling it by 2025. Nevertheless, he’s still keeping a watchful eye on the bigger economic picture. He cautions that Donald Trump’s proposed protectionist trade policies, particularly a broad tariff approach, could set off recessionary pressures in the U.S. economy. This kind of economic downturn, he suggests, could negatively impact how investors feel, and that includes the crypto markets.

Anthony Scaramucci’s portfolio performance in Q1 2025

Unfortunately, the first three months of 2025 weren’t kind to Scaramucci’s crypto portfolio, which experienced significant losses. Investors who mirrored his strategy, investing $1,000 equally across his four main crypto holdings at the start of January, have seen their portfolio value drop to roughly $700—a sharp 30% decrease in just three months’ time.

While there was some initial optimism at the beginning of the year, the mood shifted dramatically on February 1st. A widespread market selloff was triggered when Trump officially announced sweeping tariffs, sending ripples of fear through riskier investments, with cryptocurrencies taking a particularly hard hit.

As of now, Bitcoin, which makes up more than half of Scaramucci’s portfolio, is down 7.9% since the start of the year and is trading around $86,538. Solana, which both Scaramucci and SkyBridge Capital favor over Ethereum (ETH), has also seen a steep decline, falling 31% to $129.

Meanwhile, AVAX and DOT have been hit even harder, plummeting 45% and 37%, respectively, since the year began.

While Scaramucci’s strong bets on Bitcoin and certain altcoins have definitely paid off handsomely during past bull markets, this recent downturn highlights the risks of such a concentrated strategy. When market confidence takes a turn for the worse, these kinds of heavily weighted positions can quickly erase profits.

On the other hand, a more diversified approach, incorporating stablecoins and a broader range of crypto assets, might offer better defense against market swings. This could help investors navigate sharp corrections without feeling the full force of sector-wide drops.

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