Bitcoin grinds higher from here, can't get much worse, says SkyBridge's Anthony Scaramucci
Speakers
Anthony Scaramucci
— Founder & Managing Partner, SkyBridge Capital
Summary
Anthony Scaramucci discusses the crypto regulatory bill's procedural hurdles and political dynamics, then turns bullish on Bitcoin citing extremely bearish sentiment, low RSI, fear/greed at 7, and scarce supply. He also recommends the KRPT ETF to play the inevitable digital economy infrastructure, drawing an Uber-like adoption analogy.
- Scaramucci views current Bitcoin sentiment as extremely bearish with fear/greed at 7 out of 100.
- He sees Bitcoin grinding higher from here due to terrible sentiment, no supply, and no interest.
- He believes the crypto bill will pass if it reaches the floor because younger Democrats will not want to anger crypto voters.
- If the bill dies, companies like Coinbase will build offshore, a risk for crypto equities.
- He is a big believer in the picks and shovels of the digital economy and new age fintech.
- He specifically recommends the First Trust SkyBridge Digital Economy ETF (KRPT) as a way to play that theme.
- He draws an analogy to Uber, saying crypto technology will win over government resistance as more people adopt it.
Ideas
Digital economy infrastructure inevitable like Uber.
He is a big believer in the picks and shovels of the digital economy and new age fintech, arguing the technology is better and inevitable, similar to how Uber overcame government resistance, and the First Trust SkyBridge Digital Economy ETF (KRPT) holds the key businesses he loves.
Bitcoin grinds higher on terrible sentiment.
Bitcoin is going to grind higher because sentiment is terrible, RSI is at an all-time low fear level, the fear and greed index is at 7 out of 100, there is no supply in the marketplace, and there is no interest, creating a contrarian bullish setup.
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This CNBC video, published July 22, 2026, features Anthony Scaramucci discussing KRPT, BTC. 2 trade ideas extracted by AI with direction and confidence scoring.
Speakers: Anthony Scaramucci · Tickers: KRPT, BTC