Skybridge Capital Founder Advises ‘Act Like You’re Dead With Your Bitcoin and Don’t Sell’

Skybridge Capital founder Anthony Scaramucci has advised bitcoin investors to act like they are dead with their coins and not sell them. “Don’t do anything with it,” he recommended, emphasizing: “The dead people at Charles Schwab do far better than the living people.”

Anthony Scaramucci’s Bitcoin Investing Advice

Skybridge Capital founder Anthony Scaramucci offered some advice on investing in bitcoin during a panel discussion at the Bitcoin Investor Day conference on Friday.

He explained that while Skybridge’s clients appreciate having bitcoin in their portfolios, the significant BTC price swings are a concern. “They don’t like the volatility ride,” Scaramucci stressed. “The hardest thing for anyone in this room to do is to do nothing.”

Emphasizing that “The dead people at Charles Schwab do far better than the living people,” the Skybridge Capital founder advised:

So act like you’re dead with your bitcoin and don’t sell your bitcoin. Don’t do anything with it. Hopefully, we can continue to coach our clients to listen to that mantra.

Speaking to Yahoo Finance Live at the conference, Scaramucci reiterated the massive demand for bitcoin fueled by spot bitcoin exchange-traded funds (ETFs). “We had a retail explosion in bitcoin demand in the beginning. It’s now flipped over where institutions are comfortable because they have an ETF that they can purchase and greenlighted by the SEC. And you have the halving coming up,” he opined.

Scaramucci added:

And if you have this pace of demand, that should push the price up a lot.

Despite bitcoin shattering its previous record highs, Scaramucci believes BTC is still a good buy. Earlier this month, he stressed that it is still “very early” to buy the crypto, emphasizing that he sees bitcoin as the new Berkshire Hathaway.

After predicting a surge of Wall Street money into spot bitcoin ETFs, he wrote on X: “The flows to bitcoin are going to accelerate.” In February, he predicted that a “face-ripply rally” is incoming for BTC. Scaramucci sees bitcoin as a multi-trillion-dollar asset class. He said in September last year that the next 10 to 20 years are “remarkably bullish” for bitcoin.

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