CoinDesk’s
Jennifer
Sanasie
interviewed
SkyBridge
Capital
founder
Anthony
Scaramucci
for
CoinDesk
TV’s
“Spotlight
Series.”
Here
is
the
full
transcript
of
the
interview.
Jennifer
Sanasie:
Hey,
what’s
going
on
everyone?
This
is
CoinDesk’s
Spotlight
Series.
Our
next
guest
needs
no
introduction.
Former
White
House
communications
director
and
SkyBridge
Capital
founder
Anthony
Scaramucci
joins
me
now.
Welcome
to
the
show.
Anthony
Scaramucci:
Jen,
good
to
be
on
with
you.
Thank
you
for
including
me.
Jennifer
Sanasie:
It’s
wonderful
to
see
you
again.
And
I
have
to
ask
you,
do
you
hate
that
after
only
working
in
the
White
House
for
11
days,
you
will
forever
be
introduced
as
the
former
White
House
Communications
Director?
Anthony
Scaramucci:
I’ve
been
called
so
much
worse
than
that
in
my
life,
Jen.
Mean,
are
you
kidding
me?
It’s
fine.
I
mean,
it’s
part
of
my
life.
I
think
you’ll
find
somebody
like
me,
I
don’t
run
from
any
aspect
of
my
life.
I
own
my
mistakes.
I’m
trying
to
do
better
today
than
I
did
yesterday.
And
that
was
seven
years
ago,
hard
to
believe.
But
again,
listen,
I
got
fired
for
a
reason.
I
mishandled
a
few
things
in
the
White
House.
The
president
fired
me.
He
had
the
right
to
do
that.
And
we
move
on.
I
think
it’s
a
lesson
for
people.
Don’t
hang
on
things
and
if
that’s
part
of
my
legacy,
so
be
it.
Jennifer
Sanasie:
You
talk
about
that
a
lot
in
your
book
and
it’s
really
interesting
because
I
think
in
today’s
day
and
age
with
social
media,
there’s
almost
this,
like,
anxiety
across
everyone
I
talk
to.
People
don’t
want
to
get
canceled.
They
don’t
want
to
screw
up
in
public
because
they
think
it’s
going
to,
you
know,
be
a
part
of
who
you
are
forever.
And
I
think
you’ve
maneuvered
that
pretty
well.
Does
that,
like,
anxiety,
that
almost
trauma
of
these
events
that
have
been
very
public
come
back
to
you?
Or,
like,
how
have
you
worked
through
that?
Because
that’s
a
big
feat.
Anthony
Scaramucci:
Well,
I
just
wrote
a
book
about
this
sort
of
stuff
from
Wall
Street
to
the
White
House
and
back.
I
basically
write
in
the
book
that
if
you’re
having
a
bad
day,
unless
it’s
a
health
reason,
it
really
can’t
be
much
worse
than
the
day
I
had
on
the
31st
of
July
2017,
where
I
was
blown
through
the
front
door
of
the
White
House,
excoriated
by
all
the
media,
cable
news
pundits,
late-night
comedians.
It
was
a
rough
go.
I
mean,
you
know,
they
were
impersonating
me
on
Saturday
Night
Live.
And
so
you
can
take
your
mindset
and
you
can
decide
which
way
you
want
to
go.
You
can
play
a
victim
and
say,
what
was
me,
or
you
can
laugh
about
it
and
ride
with
it.
And
that’s
your
mindset.
You’ve
got
to
make
a
decision
about
that.
And,
I’ve
lived
by
and
not
always
and
not
perfectly,
but
I
have
lived
by
what
my
grandmother
used
to
say
to
us
as
kids.
What
other
people
think
of
you
is
none
of
your
business.
I
remember
coming
home
in
the
second
or
third
grade
complaining
to
her
that
there
were
boys
in
the
cafeteria
that
were
being
mean
to
me.
And
I
remember
her
scoffing
at
me,
saying
that
I
was
absolutely
ridiculous
and
wear
big
boy
pants
and
don’t
listen
to
or
ignore
all
that.
And
nothing
is
more
true
in
the
fishbowl
of
social
media
that
we
live
in
or
negative
articles
that
could
be
written
about
you.
I
will
say
this
though,
when
we’re
doing
well
at
SkyBridge,
we
don’t
get
a
lot
of
positive
articles
written
about
us.
You
know,
there’s
an
expression
in
the
news
media,
when
it
bleeds,
it
leads.
And
so
people
like
the
train
crash.
I
know
President
Biden
is
experiencing
this
right
now.
Would
be
a
more
interesting
media
story
if
he
departed
from
the
race
as
opposed
to
stay
in
it,
you
know,
and
so
we
are
doing
this
to
each
other
now.
You
have
to
make
a
decision
either
to
ignore
it
and
keep
writing
or
let
it
absorb
your
thinking.
I
mean,
one
of
the
reasons
why
we’re
having
so
much
stress
psychologically
in
our
society,
even
the
Surgeon
General
is
saying
this
now,
is
that
we
have
a
tendency
to
read
the
comments
that
others
say
about
us
on
social
media.
And
I
would
tell
people,
ignore
that
stuff.
It
has
no
relevance
to
you.
Jennifer
Sanasie:
I
think
that’s
great
advice.
I
sometimes
read
the
comments
and
it
doesn’t
do
good
things.
I
gotta
just
stop
doing
that.
Anthony
Scaramucci:
Well,
yeah,
well,
you
know,
know,
you
know,
Kelly
Anne
Conway,
the
first
day
when
I
joined
the
White
House,
pretty
good
day.
Did
a
press
conference.
I
was
upstairs
in
the
second
floor
of
the
West
Wing
and
Kelly
Anne
Conway
took
my
phone
from
me,
and
she
shut
off
all
my
notifications.
And
she
says,
don’t
even
look
at
these
things,
just
do
your
job.
And
I
kept,
you
know,
I
mean,
that
was
one
of
the
bright
spots
from
the
White
House.
My
first
day
was
pretty
good,
my
last
day
was
pretty
bad,
but
I
have
left
my
notifications
off
for
the
last
seven
years.
Jennifer
Sanasie:
Really
smart.
think
I’m
going
to
adopt
that
strategy.
You
know,
the
last
time
we
spoke,
I
was
a
little
tough
on
you.
It
was
after
the
FTX
fallout.
That
was
another
media
frenzy
that
you
had
to
go
through.
I
know
you
were
very
close
with
Sam
Bankman-Fried.
There
were
business
deals
between
the
two
of
you.
You
publicly
spoke
about
that
relationship.
When
you
look
back
at
that
now
and
you
look
at
what
the
industry
has
done
since
then,
I
know
you’ve
answered
this
question
before,
but
I
think
it’s
pertinent
to
revisit
it.
What
lessons
have
you
learned
from
that
time
and
how
have
you
embedded
that
into
how
you
operate
today
and,
more
specifically,
as
you’re
running
SkyBridge
and
looking
more
at
crypto?
Anthony
Scaramucci:
I
think
it’s
a
great
question.
I
think
that
question,
the
answer
to
that
question
has
evolved
since
you
and
I
were
talking
about
it.
You
know,
when
you
were,
and
by
the
way,
you
were
doing
your
job,
which
I
respect.
It
was
a
tough
situation.
Think
one
of
the
things
I
like
to
do
in
tough
situations
is
face
the
music.
I
just
want
you
to
imagine
me
reporting
that
I
am
now
a
hero
on
CNBC.
Sam,
who’s
a
brilliant
guy.
He’s
the
Mark
Zuckerberg
of
crypto.
He’s
bought
30%
of
my
business.
We’re
to
have
this
generational
transfer
of
knowledge
and
we’re
going
go
out
and
help
him
grow
his
business,
grow
our
business,
et
cetera.
Such
great
excitement.
Nine
short
weeks
later,
I’m
back
on
television
having
to
tell
people,
unfortunately,
I
sold
my
business
to
somebody
that
we
didn’t
know
it
at
the
time,
but
he
was
guilty
of
fraud.
Mean,
he
was
convicted
of
fraud
and
he’s
serving
in
jail
cells.
In
a
jail
cell
is
a
very,
very
painful
experience.
So
I
went
from
hero
to
zero
in
a
nine
week
period
of
time.
And
it
was
a
terrible
situation
for
me.
But
I
do
think
one,
you
have
to
face
the
music,
you
have
to
tell
people
what
happened,
how
it
happened,
why
you
were
involved
with
it.
Number
two,
I
think
you
have
to
live
your
life
with
integrity
because
I
believe
if
you
live
your
life
with
integrity,
there’s
always
opportunity
for
you.
I
can’t
tell
you
the
number
of
positive
things
that
happened
to
me
after
that
debacle.
And
so
when
I
sit
here
and
reflect
upon
it
now,
I
guess
the
good
news
is
it
looks
like
the
investors
are
going
to
get
their
money
back.
Now,
a
lot
of
those
investors,
you’re
a
crypto
journalist,
so
you
know
a
lot
of
those
investors
are
sore.
Why
are
they
sore?
They’re
sore
because
they
owned
a
bitcoin
or
they
own
two
bitcoin.
It
got
dollarized
at
$17,000
a
coin.
Those
coins
went
to
$60,000.
So
they
should
technically
have
$120,000,
but
they
don’t.
They
have
$34,000.
But
I
think,
life
being
what
it
is,
we
adjust
our
expectations.
And
I
think
people
are
gonna
be
happy
that
they
got
that
money
back
because
back
in
November
of
2022,
they
were
probably
thinking,
man,
I’m
probably
not
gonna
get
much
money
back.
And
so
that’s
number
one.
So
stay
in
things.
Don’t
get
yourself
overly
disillusioned.
And
I
think
the
other
thing,
the
other
big
lesson,
of
all
this
is
there
was
lots
of
fraud
in
the
industry,
lots
of
overleverage
in
the
industry.
Know,
people
in
the
industry
don’t
like
Gary
Gensler.
I
attended
an
event
yesterday
in
Washington,
D
.C.
with
a
number
of
legislators
and
Anita
Dunn
from
the
White
House
talking
about
why
we
in
the
industry
need
bipartisan
positive
crypto
legislation.
We
shouldn’t
let
one
party
hijack
it
versus
the
other.
And,
you,
Mark
Cuban,
and
he
said,
I
could
say
this,
I’ll
say
it,
Mark
Cuban
said:
Just
make
sure
if
you
leave
this
room
and
people
are
going
to
report
about
what
happened
in
this
room,
make
sure
people
know
that
I’m
on
record
saying
that
I
want
Gary
Gensler
to
be
fired.
And
I
said,
OK,
I’ll
make
sure
I
share
that
with
people,
particularly
people
like
Jenn
at
CoinDesk.
The
point
about,
yeah,
yeah,
well,
I’ll
ask
him
to,
but
you
know,
the
point
that
I’m
making
here
is
that
weirdly
Gary
helped
the
industry.
Jennifer
Sanasie:
You
gotta
tell
Mark
to
come
on
and
share
that
with
me.
Anthony
Scaramucci:
I’m
going
to
explain
why
he
…
he
more
or
less
broke
the
law
by
not
approving
the
bitcoin
ETF.
There’s
an
administrative
law
that
says
you
can’t
be
arbitrary
and
capricious.
And
of
course,
the
futures
ETF
was
approved.
And
so
it
would
have
made
sense
that,
you
know,
you
can’t
be
arbitrary
in
the
administration
of
law.
The
cash
ETF
should
have
been
approved
shortly
thereafter.
He
delayed
it.
He
lost
the
lawsuit
as
a
result
of
that.
But
that
delay,
that
12-ish
month
delay,
the
bottom
fell
out
on
the
industry.
All
the
fraud
got
exposed.
All
the
overleverage
in
the
industry
got
exposed.
And
I
think
it’s
a
sturdier
industry
today.
And
I
think
those
prices
for
bitcoin
are
actually
less
levered,
more
sturdy.
And
of
course,
we
have
these
ETFs
that
have
gained
a
tremendous
amount
of
cash
inflows
since
they
started
in
January.
Three
lessons,
number
one,
something
bad
happens,
get
out
there
early,
talk
to
people
like
Jenn
at
CoinDesk
or
go
on
the
air,
explain
it.
Number
two,
live
your
life
with
integrity.
I
didn’t
do
anything
wrong
in
that
situation.
I
spent
four
and
a
half
hours
with
the
Department
of
Justice.
They
had
no
problem
with
anything
that
I
did.
And
life
goes
on.
And
then
the
third
thing
is
if
you’re
in
something
and
you
believe
it,
stay
in
it.
We
have
been
remarkably
rewarded
at
SkyBridge
by
doing.
Jennifer
Sanasie:
I
want
to
get
back
to
the
political
conversation
in
just
a
second,
but
I
have
to
ask
you
on
the
topic
of
FTX,
do
you
still
talk
to
Sam
or
his
family
at
all?
Anthony
Scaramucci:
It’s
been
a
while.
I
haven’t
talked
to
Sam.
I
know
that
my
friend
Bill
Cohen
went
to
go
visit
him
in
prison.
I
think
it’d
be
tough
for
me
to
do
that
because
of
the
fraud
that
was
perpetrated
against
me
and
my
clients.
I
do
feel
bad
for
Sam.
I
have
a,
I
know
this,
shouldn’t
be
saying
this,
maybe
because
I
got
raised
Catholic.
I
have
a
soft
spot
for
Sam.
While
I’m
sore
at
him
for
what
happened,
I
have
forgiven
him
and
I’ve
moved
on.
And
I
a
politician
at
some
point
in
the
future
commutes
that
sentence.
I
don’t
want
to
see
him
be
in
jail
for
25
years.
People
will
more
or
less
get
their
money
back.
He’s
got
some
issues,
mental
health-related
issues.
And
I
hope,
I
hope,
that
there’s,
you
know,
some
level
of
rehabilitation
for
Sam
in
the.
Jennifer
Sanasie:
I
think
there
are
people
who
had
a
really
bad
experience,
I
guess
you
could
say
during
the
FTX’s
debacle,
people
are
likely
going
to
get
paid
back,
like
you
said,
now.
But
I
think
that
there
are
people
who
went
through
that
experience
and
feel
like,
you
know,
Sam
was
sentenced,
it
was
a
fair
sentence,
he
shouldn’t
get
out.
What
would
you
say
to
those
people?
Anthony
Scaramucci:
I
understand
those
people.
Would
say
this
is
why
democracies
and
varying
thoughts
are
so
fascinating.
You
have
to
work
through
these
and
good
democracies
are
good
debate.
You’re
partially
displeased
and
you’re
partially
pleased.
I
guess
what
I
would
say
to
those
people,
they’re
right.
And
if
that’s
where
things
go,
then
that’s
it.
He’ll
serve
his,
typically
in
a
situation
like
that,
you
serve
of
the
25
years
if
you’ve
had
good
behavior
in
prison.
And
so
then
you’ll
end
up
serving
20
of
the
25
years.
And
they’re
right
and
there
really
is
no
point
of
debate.
Guess
I
have
found
in
life
that
our
ability
to
pardon
people,
our
ability
to
forgive
people
is
a
benefit
to
us
as
opposed
to
not
only
just
them,
but
as
a
benefit
to
us.
When
I
was
a
kid,
the
Pope
was
shot.
Before
your
time,
but
in
1981,
he
was
shot
in
St.
Peter’s
Square.
Was
almost
mortally
wounded.
He
survived
the
gunshot
wound.
They
performed
emergency
surgery
on
him.
And
I
guess
it
was
a
short
time
thereafter,
when
he
felt
up
to
it,
he
went
to
the
prison
and
forgave
the
man
that
shot
him.
And
a
lot
of
people
said,
OK,
well,
that’s
above
the
call
of
duty
of
a
human
being,
but
it
was
a
sign
of
his
Christianity
and
a
sign
of
the
teachings
of
the
religion
that
he
was
in.
So
I
got
raised
Catholic,
and
I
think
about
things
like
that.
So
that’s
me.
Other
people
are
in
another
direction.
We
could
have
the
debate.
If
I
lost
that
debate,
what
those
people
are
saying
is
fair,
and
I
would
accept.
Jennifer
Sanasie:
OK,
I
think
that’s
fair.
I
want
to
talk
about
your
former
boss
now,
Donald
Trump.
We
learned
that
he’s
going
to
be
speaking
at
a
Bitcoin
conference
later
this
month.
He’s
become
this
crypto-forward
candidate.
And
I
want
to
hear
your
real
thoughts
here.
You
know
the
guy,
you
worked
for
him.
Is
he
being
opportunistic?
Is
there
authenticity
in
what
he’s
saying?
Anthony
Scaramucci:
OK,
yep.
You
know,
you
know
what?
I
don’t
think
it
matters,
you
know,
whether
he’s
being
opportunistic
or
transactional,
which
he
is
those
things.
I
mean,
as
evidenced
by
his
entire
career,
I
don’t
think
it
matters.
I
think
it’s
been
incredibly
good
for
crypto.
I
think
this
has
been
political
malpractice
on
the
part
of
the
Democrats.
For
some
reason,
they
ceded
the
crypto
regulation
to
Elizabeth
Warren
and
to
Gary
Gensler.
It’s
been
an
unbelievable
disaster
for
them.
It’s
President
Trump’s
election
to
lose
now.
President
Biden
has
a
decent
record.
He’s
reshorts
and
manufacturing.
He’s
built
up
a
microprocessor
foundry
in
United
States.
He
got
infrastructure
bill
done.
There’s
a
lot
of
different
things
that
he
did
that
were
beneficial
to
the
country,
helped
the
country
heal
post
Covid.
But
they’ve
really
lost
the
plot
on
a
lot
of
different
things.
If
you
can’t
put
sentences
together
at
a
debate,
if
you
can’t
as
the
president
of
United
States
without
a
teleprompter,
and
you
can’t
free
form
as
you
and
I
are
doing
in
this
conversation,
I
think
it’s
a
big
negative.
Think
you’re
trying
to
tell
people,
don’t
believe
your
lying
eyes.
This
person
is
totally
together
and
totally
with
it.
And
then
let’s
put
them
up
on
stage
at
age
81
and
you
see
him
doddering.
Feel,
I
feel
actually
bad
for
him.
I
guess
what
I
would
say
to
President
Biden,
there
are
graveyards
filled
with
–
Charles
Seagal
once
said
this
–
are
graveyards
filled
with
men
that
once
thought
they
were
indispensable.
They
would
have
been
better
off
ceding
to
a
new
generation
of
Democratic
leaders.
And
then
Biden
could
have
rode
off
in
the
sunset
with
a
pretty
good
record.
So
now
they’re
faced
with
this
very
rough
decision
to
make
120
days
out
from
the
election.
As
it
relates
to
Mr.
Trump,
I
am
happy
that
he’s
pro-crypto.
I
think
if
anything,
he’s
pushed
the
conversation
and
forced
the
Democrats
to
be
more
open
to
…
and
maybe
we’ll
get
rid
of
the
Genslers
and
the
Warrens,
who
have
been
a
disaster
for
the
industry.
And
I
think
it’s
been
a
disaster
as
public
servants.
So,
you
know,
whatever
my
personal
issues
are
with
Mr.
Trump
–
and
I
certainly
won’t
be
voting
for
him
–
I’m
among
the
40
or
so
people
who
work
for
him
that
see
the
danger
of
him,
including
the
former
vice
president
of
the
United
States
that
was
on
the
ballot
with
him.
I,
I
often
say
to
people,
you
got
40
people
that
worked
at
a
pharmaceutical
company.
They
were
inside
the
doors
of
the
pharmaceutical
company
and
they
came
out
and
said,
hey,
the
pill
that
you’re
about
to
take
is
going
to
kill
you
or
members
of
your
family.
I
don’t
know.
Most
people
probably
wouldn’t
take
the
pill.
Or
let’s
say
we
all
worked
at
the
automotive
company.
See
the
car
that
we
just
manufactured
is
going
to
blow
up.
I
don’t
know.
For
some
reason
in
politics,
I
have
trumped
arrangements
in.
I
mean,
somebody
called
me
a
never
Trumper,
Jenn.
I
laughed.
Said,
well,
first
of
all,
I
was
once
a
Trumper.
So
you
definitionally,
I’m
not
a
never
Trumper.
If
you
want
to
say
I
have
Trump
derangement
syndrome,
that’s
fine.
But
I
see
myself
as
having
Trump
reality
syndrome.
I
see
the
man
for
what
he
is.
I
see
the
lack
of
intellectual
curiosity.
I
see
the
danger
to
the
democracy.
I
see
these
think
tanks
that
are
working
alongside
of
him
that
want
to
build
his
transition
into
the
first
few
years
of
his
presidency
as
a
dystopian.
And
I’m
not
a
one-issue
voter.
Now,
there
are
one-issue
voters,
and
I
think
the
Democrats
have
made
a
horrific
mistake
here.
They
could
have
been
neutral
on
crypto
or
positive
on
crypto.
And
I
think
it
would
have
helped
them
in
the
election.
But
if
they
lose
the
election,
and
it’s
now
President
Trump’s
election
to
lose.
But
if
the
Democrats
lose
the
election
and
they
go
through
the
autopsy,
one
of
the
things
would
be,
wow,
we
really
mishandled
our
cryptocurrency
and
digital
asset
strategy
and
…
Jennifer
Sanasie:
Well,
I,
I
would
love
to
hear
from
you.
What
do
you
think
it
actually
means?
Polymarket
has
Trump
at
a
62
%
chance
of
winning
the
election.
If
Trump
actually
wins
the
election,
do
we
really
see
any
change
in
the
U.S.
when
it
comes
to
the
furthering
of
crypto
legislation
and
crypto
regulation?
Or
is
that
something
that
still
drags?
Anthony
Scaramucci:
Well,
I
think
so.
No,
think
him
and
his
team
will
promote
a
…
they’ll
put
a
pro-SEC,
pro-crypto,
pro-digital
asset
SEC
commissioner
in
place.
This
whole
discussion
about
what
is
the
security
and
what’s
a
token
and
all
this
stuff
will
go
by
the
wayside.
You
know,
the
markets
will
have
a
pro-crypto
friendly
administration.
It’s
no
sweat
off
of
Mr.
Trump
or
any
of
the
people
working
for
to
help
this
industry.
This
is
a
big
mistake.
Know,
the
Democrats,
guess,
the
Libs
and
Warren
things,
let
me
block
the
industry
here
in
the
U.S.
OK,
well,
the
industry
is
going
to
grow
around
you
and
you’re
going
to
lose
intellectual
capital
and
capital
capital.
Well,
there
are
bad
actors
in
the
industry.
OK,
there
are,
there
are
bad
actors
in
this
industry
as
there
are
in
pharmaceutical,
medicine,
lawyers.
…
There
are
bad
actors
on
the
planet.
So
you
pick
the
subject
or
the
profession.
There
are
bad
actors
engaging
in
those
subjects
and
profession.
The
job
would
have
been
better
served
if
we
got
together
as
a
group
of
people
and
said:
“Here’s
what
bad
actors
do.
Here’s
how
we
could
regulate
propitiously
to
prevent
bad
actions
and
protect
investors.”
But
they
don’t
do
that.
They’re
trying
to
regulate
by
enforcement.
There’s
no
guidelines
anywhere.
Everybody
knows
this.
And
so
if
we
stop
doing
that,
it’ll
be
better
for
the
country
and
the
industry.
And
if
we
don’t
stop
doing
that,
guys
like
President
Trump
will
get
elected
because
there’s
50
million
or
so
people
that
own
crypto.
They
don’t,
they
don’t
like
this
nonsense.
And
a
lot
of
those
people
could
be
one-issue
voters.
Jennifer
Sanasie:
Do
you
think
that
Biden
should
be
the
Democratic
candidate?
Anthony
Scaramucci:
So
I’ve
been
public
on
that.
I
said
he
should
not
be.
think
that,
I
think
it’s
prima
facie
that
he
should
not
be.
And
I
hope
he
steps
down
and
I
hope
they
pick
a
younger,
more
fresher
candidate.
If
they
decide
not
to
do
that,
I
will
be
with
President
Biden.
I’ll
try
to
help
him
win.
And
that’s
it.
Because
I
see
President
Trump
as
a
danger.
If
Trump
wins,
it
is
what
it
is.
I’m
American.
I
love
my
country.
Dissent
is
a
positive
force
in
the
United
States.
Jennifer
Sanasie:
And
talk
to
me
about
this
scenario.
If
Biden
is
not
the
Democratic
candidate,
it’s
someone
else.
What
does
that
mean
for
crypto,
in
your
opinion?
Anthony
Scaramucci:
I
would
be
positive.
We’ve
to
get
rid
of
Elizabeth
Warren
and
Gary
Gensler.
I
think
that
would
give
them
the
opportunity
to
reset
things.
I
think
they
would
get,
you
know,
remember,
Biden’s
got
a
lot
of
acolytes
in
the
White
House
with
him
that
are
directing
policy.
And
I
think
a
new
person
come
in
and
say,
“hey,
don’t
know
those
people
don’t
care.
Let’s
start.”
Jennifer
Sanasie:
Have
you
been
following
the
Polifi
tokens
at
all?
Anthony
Scaramucci:
I
haven’t,
no,
not
that
familiar.
Jennifer
Sanasie:
They’re,
well,
meme
coins
that
are
people
making
bets
on
Trump
and
Biden.
There’s
like,
it’s
just
silly.
I
was
curious
if
you
were
following
that.
Anthony
Scaramucci:
Yeah,
no,
I
haven’t,
haven’t
followed
that.
So
maybe
I’m
getting
old.
I
don’t
know.
That’s
not
something
I
would
follow.
Jennifer
Sanasie:
Yeah,
you
don’t
have
to.
It
is
a
little
silly.
I
know
on
a
more
serious
token
that
you
have
$100,000
bitcoin
prediction
by
the
end
of
the
year.
For
you,
what
needs
to
happen
to
get.
Anthony
Scaramucci:
Well,
I
think
we
got
to
get
through
the
FTX
situation
and,
you
know,
I’m
sorry,
I’m
sorry.
I
meant
to
say
the
Mt.
Gox
situation
because
I
want
to
bring
up
FTX
in
a
second
because
they’re
conjoined.
If
we
get
through
the
Mt.
Gox
situation,
the
bitcoins
or
and
I’m
going
to
be
a
recipient
of
some
of
those
and
I’m
not
selling
mine.
If
we
get
those
and
the
marketplace
digest
those,
concomitant
to
that
is
the
FTX
situation.
Let
me
tell
you
what
that
is.
There’s
16
or
so
billion
dollars
of
cash.
Jennifer
Sanasie:
We’re
not
through
it
yet.
OK.
Anthony
Scaramucci:
That’s
going
to
be
unleashed
by
the
bankruptcy
estate
into
the
account
holders
of
FTX.
Now,
some
of
those
people,
as
we
pointed
out,
are
sore.
They
feel
that
they
are
owed
more
than
that
because
their
bitcoins
or
tokens
went
up.
But,
you
know,
getting
that
cash,
$16
billion,
could
five
or
10
billion
of
that
reenter
cryptocurrencies?
It’s
possible.
And
that
could
also
create
some
buying
pressure
in
the
marketplace.
But
I
think
just
in
general,
the
selling
cycle
has
started
on
Wall
Street.
And
I
do
believe
that
model
portfolios
will
have
one,
two,
three,
four
percent
bitcoin
over
the
next
three,
four,
five
years.
There’s
less
supply
of
bitcoin
and
it
will
push
the
prices.
Jennifer
Sanasie:
All
right,
Anthony,
we
are
running
low
on
time.
And
just
before
we
go,
I
do
have
to
ask
you:
there
was
an
article
published
in
Bloomberg
today.
It
says
that
you
barred
clients
from
exiting
SkyBridge
Capital’s
crypto-focused
hedge
fund.
Talk
to
me
about
what’s
going
on
there.
Anthony
Scaramucci:
So
I
actually
didn’t
read
the
article.
I
know
this
is
an
article
from
Kathy
Burton
who
wrote
my
financial
obituary
last
May.
She
basically
said
we
were
going
out
of
business
and
our
performance
was
terrible.
And
there
were
some
truth
in
the
article
from
last
May.
We
did
have
bad
performance.
I
didn’t
like
the
fact
that,
you
know,
she
sat
for
an
interview
with
me
for
three
hours.
Didn’t,
I
mean,
she
offered
no
counterdote
to
her
obituary
to
Skybridge
is
a
low
and
behold,
and
I
hope
this
is
in
the
article,
we’ve
had
very
very
good
performance
amount
allowed
to
talk
about
it
but
hopefully
it’s
in
the
article
and
then
Kathy’s
trying
to
say
that
I’m
blocking
people
from
leaving,
but
that’s
not
what
happened.
What,
what
happened
was
people
bought
our
fund
we
have
a
prospectus
a
prospectus
allows
us
to
set
the
redemptions
we
have
redemptions
every
six
months
in
our
fund
and
we
can
set
them
from
five
to
25%.
They’re
set
at
five
right
now
because
some
of
the
wirehouses
at
the
bottom
put
cells
on
our
fund.
Those
wirehouses
know
that
we
have
private
capital
in
the
fund
alongside
of
the
liquid
capital,
and
we
can’t
have
a
rush
to
the
exits
of
their
clients
at
the
detriment
of
the
other
clients
that
are
in
there.
So
we
have
an
external
board,
independent
board
that
sets
those
redemptions.
And
so
there
are
some
people
that
are
sore
at
us
for
living
inside
of
the
prospectus
and
setting
the
redemptions
at
5%.
They
can
still
get
out
and
they
are
getting
out
the
ones
that
want
to.
But
it
does
protect
the
integrity
of
the
portfolio.
And
as
a
fiduciary,
I
would
ask
people
to
please
look
at
what
our
performance
is.
You
can
figure
it
out.
I
can’t
talk
about
it,
but
it’s
very,
very
good.
And
it’s
very,
very
good
for
that
reason.
If
we
had
let
the
world
turn
in
a
way
that
was
outside
of
our
control,
it
would
have
detrimented
the
clients
that
wanted
to
stay
with
us.
And
those
clients
signed
a
prospectus.
They
signed
an
agreement
with
us
and
we
are
letting
them
out.
We’re
just
letting
them
out
not
as
quickly
as
some
would
like.
And
they’re
complaining
to
Kathy
Burton
and
she
doesn’t
like
me
for
some
reason.
That’s
fine.
We,
you
and
I
spent
the
first
part
of
this
podcast
talking
about
how
you
have
to
deal
with
that
in
life
and
not
take
it
too
personally.
I
would
imagine
if
we’re
up
40
%
this
year,
which
is
quite
possible,
she’ll
probably
write
another
article.
Maybe
it’ll
be
another
negative
article.
I
don’t
know.
But
it’s
something
that
I
can
live
with.
And
I’ve
had
this
conversation
with
many
of
our
clients.
And
I
would
tell
people,
read
the
prospectuses
of
the
things
that
you
are
investing
in
very
carefully.
And
SkyBridge
is
operating
inside
of
the
guidelines
of
that,
and
we
are
delivering
great
performance
for
our
clients.
And
believe
it
or
not,
we’re
raising
money
again
away
from
the
people
that
are
complaining.
Jennifer
Sanasie:
As
a
quick
follow
up
to
that,
know,
maybe
talk
to
me
a
little
bit
about
some
of
the
factors
that
first
led
to
the
curtailing
of
redemption
in
2022
and
how
they
have
or
haven’t
changed
now.
Just
trying
to
make
sense
of
the
article
here
because
I
don’t
want
to
discredit
her.
Anthony
Scaramucci:
No,
when
you
have
a
15-year
relationship
with
the
wirehouses
and
the
wirehouses,
you
have
one
bad
quarter
and
the
wirehouses
say,
“OK,
we’re
done.
We
want
all
of
our
clients
out
immediately.
We’re
extinguishing
our
15-year
relationship
with
you
and
you
can
no
longer
market
to
our
clients.
And
we
want
every
one
of
our
clients
to
redeem
immediately,”
which
is
what
they
try
to
do
to
these
funds.
This
is
why
many
of
my
friends
in
the
hedge
fund
industry
are
like
“Anthony,
you
made
a
terrible
mistake
having
wirehouses
distribute
your
product
because
they’re
very
whimsical
about
when
they
pull
the
plug.”
And
these
wirehouses
pull
the
plug
at
the
bottom,
Jenn,
you
know,
we’re
up
a
lot
of
percent.
I’m
not
allowed
to
get
into
the
details,
but
go
take
a
look.
These
wirehouses
sold
us
here
and
we
are
not
there
anymore.
We’re
way
over
here.
And
so
we
have
to
defend
the
portfolio.
That’s
our
fiduciary
responsibility.
And
so
really
nothing
has
changed.
The
major
thing,
people
will
get
out.
They’ll
get
out
on
a
timely
way.
A
lot
of
people.
There
are
also
a
ton
of
people
–
sure
Kathy
did
interview
these
people
–
but
there
are
tons
of
those
I
think
I’d
you
did
that
because
my
clients
want
to
stay
in
and
there’s
pressure
on
me
to
get
them
out
and
you
allowed
me
to
show
my
clients
that
you
guys
are
actually
doing
a
great
job.
So
there’s
another
group
of
people
that
have
said
that
so
really
nothing
has
changed.
I
love,
I
love
the
attention
though.
I
have
to
be
honest
about
that.
So
hopefully
she’ll
write
another
article,
you’ll
invite
me
on
and
we’ll
talk
about
it
again.
Jennifer
Sanasie:
That
is
something
we
have
learned
about
you,
Anthony,
is
that
you
don’t
shy
away
from
the
attention.
Anthony
Scaramucci:
Yeah,
it’s
no
problem.
Tell
Kathy
I
say
hello.
If
I
dated
her
in
high
school
and
I
hurt
her
feelings
or
something
like
that,
tell
her
I’m
sorry
about
it.
Didn’t
mean
to
do
Jennifer
Sanasie:
We
gotta
wrap
it
there,
Anthony.
Thank
you
very
much
for
joining
us
on
this
episode
of
Coin
Desk
Spotlight,
and
I’m
sure
we’ll
talk
to
you
soon.
Anthony
Scaramucci:
Great
to
be
on
with
you.
Have
a
great
weekend.