Rapid Change in Tone

Anthony Scaramucci, founder of SkyBridge Capital, reposted an interview with Michael Saylor on June 24 and added the message “I ride with @saylor $BTC.” This came just days after he described Bitcoin as facing significant apathy during an appearance on the All-In Markets podcast.

What Scaramucci Said Earlier

On Monday, Scaramucci noted that long-term holders control a record 79% of Bitcoin supply while the RSI indicator reached all-time lows. He viewed the conditions as a potential bottom signal and advised patience until March 2027 before reassessing concerns. He also acknowledged speaking from his own position as a holder of substantial Bitcoin exposure.

Saylor's Perspective on Recent Price Action

The clip Scaramucci shared originated from a June 5 TradePMR livestream. In it, Michael Saylor explained Bitcoin's decline from around $82,000 to the low $60,000 range as a result of capital rotation into AI projects rather than any fundamental weakness in Bitcoin itself.

Saylor highlighted roughly $400 billion raised for major AI and tech companies in recent months compared to only $4 billion in Bitcoin ETF outflows over the same period. He described banks selling liquid assets like Bitcoin to meet demand for new mega-IPOs.

Broader Wall Street Sentiment

Other voices on Wall Street have expressed similar uncertainties. Philippe Laffont of Coatue Management told CNBC he no longer feels certain about Bitcoin's path given competing opportunities in AI and stablecoins. He compared strong Bitcoin conviction to a cult-like commitment where participants are either fully in or fully out.

Context of Scaramucci's Bitcoin Views

Scaramucci has maintained overall support for Bitcoin despite short-term concerns about sentiment. His recent alignment with Saylor underscores ongoing conviction in the asset's long-term role even amid periods of reduced public interest and capital shifts toward emerging technologies.