SkyBridge Capital founder Anthony Scaramucci threw his weight on Wednesday behind fellow Bitcoin (CRYPTO: BTC) bull Michael Saylor and his firm Strategy Inc. (NASDAQ:MSTR), suggesting they’ll be “right” in the nick of time.
Michael Saylor Not In Trouble, Scaramucci Says
During an interview with CNBC, Scaramucci stated that Saylor is “definitely not in trouble,” pointing to a “very deep capital pool” at his disposal.
“You have to really understand the mechanisms of the balance sheet to understand that Bitcoin can go a lot lower, and he’s virtually not in trouble,” the money manager said.
Scaramucci said that the MSTR stock still trades at a premium to its underlying Bitcoin reserves, which gives people the “necessary arbitrage” to get comfortable with.
“I like him. I think he’s going to be right,” Scaramucci added.
Saylor has defended the company’s model, …
