‘Take a chill pill, stay long’ — Anthony Scaramucci says bitcoin’s recent plunge won’t last

‘Take a chill pill, stay long’ — Anthony Scaramucci says bitcoin’s recent plunge won’t last

Buyers should cool off on cryptocurrency concerns and make some long-term investments instead, SkyBridge Capital's Anthony Scaramucci told CNBC on Tuesday. Some people think bitcoin is "rat poison," as billionaire investor once ; others think it's the worst thing to ever happen to civilization, Scaramucci said in a " " interview. "Everyone is a long-term investor until you have short-term losses, and then you start freaking out." "Take a chill pill, stay long bitcoin, other cryptocurrencies like and , and I think you're going to be very well-served long-term in those investments," the hedge fund founder added. was back above $37,000 on Tuesday, one day after . Even with its bounce, the world's biggest digital coin has been trading way below its all-time high of around $69,000 reached back in November. the onset of a "crypto winter," like the bear markets seen in 2017 and 2018 when when bitcoin plunged some 80% from then-record high levels. Scaramucci believes buyers need to look big picture when it comes to bitcoin, rather than asking what value bitcoin currently holds compared to a U.S. dollar. "We're getting ahead of ourselves. If it's 2025, and there's a billion bitcoin wallets, let's call it a