SkyBridge Capital founder calls Bitcoin crypto’s ‘Apex Predator,’ defends drop

Bitcoin is still the cryptocurrency to own even as it struggles in recent weeks while altcoins surge, said Anthony Scaramucci, founder of SkyBridge Capital.

“As an investment adviser and someone who’s been running money for 30-plus years, it’s responsible of me to tell my clients to own 1%, 2% or 3%,” Scaramucci, who’s also known for a very brief stint as the White House communications director under former President Donald Trump, said in an interview. “I’m not telling them you’ve got to own 100% of your net worth in it — but if we’re right, you don’t want to be missing out on this.”

Still, Bitcoin has struggled in recent weeks. After hitting a record of nearly $65,000 in mid-April, it recently traded around $50,000.