SkyBridge Capital’s founder Anthony Scaramucci said on Wednesday that he is buying bitcoin during the market downturn and described Donald Trump as a “crypto president.”

“So 10 days ago, we were buying Bitcoin at 84,000 last week, you’re buying Bitcoin at 63,000 Bitcoin this week, we’re buyers of Bitcoin in this market, again,” Scaramucci said during a conversation with Bullish’s CEO Tom Farley at Consensus Hong Kong.

He added that buying bitcoin in a downward-trending market is akin to catching a falling knife.

Bitcoin recently crashed to nearly $60,000, after hitting a peak of over $126,000 in October this year. Prices have recovered slightly to $69,000 since then amid signs of capitulation in the bitcoin ETF market.

Scaramucci called…