Scaramucci Still Rides With Saylor
Scaramucci reiterated his for Saylor’s Bitcoin accumulation approach, hinting at the prospect of a turnaround once the current turbulence clears.
“Not a billionaire but you should think about not being left behind,” the Bitcoin bull said. “I ride with Saylor.”
Scaramucci noted that the “Michael Saylor is going to get liquidated” narrative is gaining steam, but there is scope to gain “advantage” by buying at the lows.
Scaramucci’s Advice To Novices
Scaramucci also posted a clip from an interview dated April 15, where he urged young investors to do their “homework” and avoid buying Bitcoin “indiscriminately” without conviction in its core attributes.
He also advised a long-term approach to Bitcoin investment, recommending a minimum commitment of four to five years and discouraging trading.
Scaramucci has been a long-standing advocate of Bitcoin and stated last week that it’s been “very consistent” with the typical four-year cycles. He predicted a into early 2027.
MSTR’s Woes Spook Crypto Market
Scaramucci’s advice comes amid a toward Bitcoin and Strategy, a company widely viewed as a Bitcoin proxy.
The apex cryptocurrency has plunged more than 18% in a month, while MSTR stock has plunged 48% in the same time.
After peaking at $543 in November 2024, the stock has dropped to $82 today, with its market capitalization falling from $128 billion to $28 billion. According to Forbes, Saylor’s net worth has dropped from over $7 billion to $3 billion.
Price Action: At the time of writing, BTC was exchanging hands at $60,064.87, down 0.16% in the last 24 hours, according to data from Benzinga Pro.
Strategy shares closed 3.54% at $82.31 during Friday’s regular trading session. Benzinga’s Edge Stock Rankings indicate that MSTR has underperformed with a weaker price trend across short-, medium-, and long-term timeframes.
Image via Shutterstock/ Al Teich
