SkyBridge Shifts Focus Amid Bitcoin Volatility, Scaramucci Says

Alternative asset manager SkyBridge Capital is adapting its investment strategy to navigate increasing market volatility, as highlighted by its founder, Anthony Scaramucci, during the World Economic Forum in Davos, Switzerland. Scaramucci indicated that the current policy uncertainty under the U.S. administration is creating significant market fluctuations, prompting a shift towards macro strategies.

At the Reuters Global Markets Forum, Scaramucci noted that macro traders have seen improved performance due to this volatility. “Because of the volatility, the macro traders have done better,” he stated, emphasizing the need for strategic adjustments in light of the unpredictable market environment.

Despite recent downturns in cryptocurrency prices, Scaramucci remains optimistic about bitcoin. He believes that the long-term potential of the digital asset remains intact, despite a significant decline from its record highs. “This is more of a timing issue than a direction issue. I don’t think the fundamental story for bitcoin has changed. If anything, you’ve seen a lot of consolidation,” he explained.

According to filings from September 2025, SkyBridge’s Opportunity Fund has shifted its allocation towards macro strategies, now holding a substantial 69 percent weighting in this area, up from 65 percent in cryptocurrency and digital assets as of March 2025. This strategic pivot reflects the firm’s response to a tumultuous year for bitcoin, which saw it reach an all-time high of over $126,000 in October 2025, followed by a crash that led to more than $19 billion in liquidations across leveraged positions, marking the largest liquidation event in cryptocurrency history.

Scaramucci expressed a desire to see bitcoin recover to between $125,000 and $150,000. “But it’s bitcoin … it does whatever it wants,” he remarked. As of January 20, 2026, bitcoin was trading below $90,000, representing a decline of approximately 28 percent from its October 2025 peak.

Looking ahead, Scaramucci reflected on the broader landscape of cryptocurrency regulation. In 2024, he had projected that bitcoin could reach $170,000 by late 2025. “All of us in the bitcoin community got overly enthusiastic about the end of repressive regulation in digital assets … and none of that happened,” he said, referring to pending legislative measures such as the Genius Act and the Clarity Act, which aim to clarify the regulatory status of cryptocurrencies in the U.S.

The stablecoin legislation was ratified in July 2025, yet the Clarity Act, which seeks to define crypto tokens as securities or commodities, remains under consideration in the U.S. Senate. Despite these challenges, Scaramucci remains “cautiously optimistic” about the future of the cryptocurrency market, suggesting that he believes 2026 could provide a more stable environment for investors. “I think we’ll have an OK year,” he concluded.