SkyBridge Capital founder Anthony Scaramucci revealed five reasons on Saturday for maintaining a long position on Bitcoin despite its ongoing bear market.

Scaramucci Builds Bullish Case For Bitcoin

Scaramucci posited in an X post that Bitcoin’s hardcoded 21 million supply cap is its most powerful safeguard against monetary debasement by governments—particularly relevant amid America’s rapidly mounting national debt, currently over $37 trillion.

He then dismissed the recent selloff as “forced” and not a reflection of “broken fundamentals.”

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Scaramucci had earlier described Bitcoin’s ongoing trajectory as a “self-fulfilling prophecy,” in which traders, expecting a four-year cycle,…