Anthony Scaramucci’s career in finance started off with a seven-year stint at Goldman Sachs (NYSE: GS) as an investment banker. In 2017, during Donald Trump’s first term in office, he was appointed White House Communications Director.
However, Scaramucci’s role in the public sector was not to last — just ten days after he was appointed, he was dismissed, after a well-publicized spat with Reince Priebus. Following this, he went on to found SkyBridge Capital.
The former Communications Director is an outspoken cryptocurrency bull — having allocated over 50% of his net worth to Bitcoin (BTC) alone, per statements made in late December on the Bankless podcast.
On top of BTC, Scaramucci’s crypto portfolio also includes Solana (SOL), Avalanche (AVAX), and Polkadot (DOT) — assets selected primarily on account of their utility.
Let’s take a closer look at how mirroring Anthony Scaramucci’s crypto portfolio with a $1,000 investment made on January 1, 2025, would have turned out — using two illustrative examples.
Scaramucci’s crypto portfolio has suffered losses since the start of the year
For the purpose of simplicity, we are going to look at two scenarios — one in which the $1,000 investment is allocated evenly between the 4 crypto assets we’ve mentioned, and another, in which Bitcoin will account for 50%, with the remaining 50% split between SOL, AVAX, and DOT.
From January 1 to press time on February 3, the price of Solana decreased by 0.34%. Bitcoin saw a loss of 0.78% in the same timeframe.
Since the beginning of the year, all of the aforementioned assets are in the red — although readers should note that the losses only began mounting after the market-wide selloff caused by Trump’s tariffs announced on February 1.
In contrast with Bitcoin and Solana, AVAX and DOT were hit much harder — having recorded a 32.25% and 32.56% loss, respectively.
A $1,000 investment split evenly between these 4 assets would have suffered a 16.48% loss — and it would be worth $835.20 at press time. In this instance, in absolute dollar amounts, the loss is $164.8.
In the second scenario, where Bitcoin accounts for 50% of the portfolio, the results are significantly better, yet still negative — with an overall loss of 11.25%, which would have made a $1,000 investment depreciate to $887.50.
Featured image via Shutterstock
