Anthony Scaramucci has backed Michael Saylor’s Bitcoin-linked yield strategy, highlighting returns of around 11.5% tied to leveraged exposure.
The SkyBridge Capital founder described himself as a “big fan” of Saylor while noting the structure’s appeal to Bitcoin-focused investors seeking income.
“I’m a big fan of Saylor, and obviously SkyBridge owns a lot of Bitcoin,”
Scaramucci said, while clarifying his firm does not hold the specific yield instruments.
Galaxy Digital CEO Mike Novogratz warned the strategy relies heavily on leverage, adding that a sharp Bitcoin drop could erode its margin of safety.
He said a fall to around $30,000 could trigger investor concerns, as perpetual investors may not recover principal and could face halted dividends.
Scaramucci’s comments came alongside a viral April Fools’ video announcing a mock 2028 presidential run, where he linked crypto to broader themes of inequality and economic policy.
He also pointed to political gridlock in passing crypto legislation, saying bipartisan support for bills like the CLARITY Act remains difficult in the current environment.
Despite risks, Scaramucci remains bullish on Bitcoin long term, previously suggesting prices could reach between $2 million and $3 million over the next decade.
At the time of reporting, Bitcoin price was $66,724.90.