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Scaramucci and Novogratz try to calm the storm
Anthony Scaramucci, noted crypto investor and founder of SkyBridge Capital, is convinced that the downturn is a buying opportunity in disguise. Speaking at Consensus Hong Kong, Scaramucci said that his fund has been buying bitcoin throughout the rout.

“So 10 days ago, we were buying $BTC
at $84,000, last week, we’re buying Bitcoin at $63,000. This week, we’re buyers of Bitcoin in this market, again,” Scaramucci said.

In a similar vein as Scaramucci, Galaxy Digital chief Mike Novogratz said that the market decline is evidence of changing market dynamics. Novogratz told CNBC that the downturn may lead to the end of speculation-based activity and bring about increased dependence on fundamentals.
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