24/7 Cryptocurrency News

Anthony Scaramucci Defends Michael Saylor: Calls Bitcoin Criticism “Total Nonsense”

Anthony Scaramucci defends Michael Saylor against criticism, highlighting his positive influence on Bitcoin (BTC).
Published by
Anthony Scaramucci Defends Michael Saylor: Calls Bitcoin Criticism “Total Nonsense”

Highlights

  • Anthony Scaramucci defended Michael Saylor against accusations of harming Bitcoin.
  • Scaramucci called the criticism "complete nonsense" and praised Saylor as a significant figure in the cryptocurrency community.
  • Scaramucci highlighted Saylor's role as a "Sherpa," guiding many through Bitcoin's complexities.

American financier Anthony Scaramucci, founder of SkyBridge Capital, defended MicroStrategy co-founder Michael Saylor against a critic’s accusations. The critic claimed Saylor has harmed Bitcoin (BTC) more than he has helped it. Scaramucci dismissed this claim as “complete nonsense,” emphasizing Saylor’s positive influence on the cryptocurrency community.

Advertisement

Anthony Scaramucci Defends Saylor Against Bitcoin Criticisms

Anthony Scaramucci praised Michael Saylor as a significant figure in the cryptocurrency community. He referred to Saylor as a “Sherpa” who has guided many through the complexities of BTC. Scaramucci highlighted that Saylor is the best at explaining Bitcoin’s value and potential. This strong defense came in response to a harsh comment that criticized Saylor’s impact on Bitcoin.

Many in the cryptocurrency community support Scaramucci’s stance. They argue that Saylor’s dedication to Bitcoin is evident, and his efforts to educate and promote Bitcoin have been influential. The consensus among these commentators is that it is unreasonable to view Saylor’s influence negatively. They acknowledge his commitment and contributions.

Despite the support, Saylor’s advocacy has been subject to controversy. In 2021, he advised his followers to mortgage their houses to buy BTC. This advice came near the peak of a bullish cycle. When Bitcoin’s price crashed in 2022, many criticized Saylor for leading them into financial trouble. They felt misled by his enthusiastic promotion of Bitcoin investment.

Saylor defended his controversial advice, arguing that critics had misrepresented his words. He insisted that his comments were taken out of context. This defense, however, did little to appease those who felt financially harmed. 

Advertisement

Saylor’s BTC Bet Boosts MicroStrategy Stock

Michael Saylor is no stranger to financial ups and downs. He famously lost $6 billion in a day during the dot-com bubble crash in 2000. Despite this setback, he reinvented himself as a leading BTC proponent. Saylor has faced ridicule during Bitcoin’s bear markets but has remained steadfast in his advocacy.

MicroStrategy (MSTR) has seen a significant rally under Saylor’s leadership. The company’s stock has experienced a triple-digit increase this year, driven by Bitcoin’s resurgence. This performance has vindicated Saylor’s strategy in the eyes of many investors. Meanwhile, Saylor’s net worth has climbed above $4 billion, reflecting his success.

Also Read: Coinbase CEO Brian Armstrong Celebrates House Victory for Clear Crypto Regulation

Advertisement

Share
Maxwell Mutuma

Maxwell is a crypto-economic analyst and Blockchain enthusiast, passionate about helping people understand the potential of decentralized technology. I write extensively on topics such as blockchain, cryptocurrency, tokens, and more for many publications. My goal is to spread knowledge about this revolutionary technology and its implications for economic freedom and social good.

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • Bitcoin News

Breaking: U.S. PCE Inflation Rises To 2.7% YoY, Bitcoin Bounces

The August U.S. PCE inflation data has dropped in line with expectations, although it suggests…

September 26, 2025
  • 24/7 Cryptocurrency News

Breaking: $10 Trillion Vanguard Plans to Offer Crypto ETFs to Brokerage Clients

Asset manager Vanguard, with $10 trillion in assets under management (AuM), is planning to offer…

September 26, 2025
  • 24/7 Cryptocurrency News

BlackRock Loads Up on Bitcoin, Files For Premium ETF to Increase BTC Yield

BlackRock has purchased $77 million for its BTC holdings through its flagship iShares Bitcoin Trust…

September 26, 2025
  • Top

Best 10 Crypto Cards for 2025

The crypto cards segment has exponentially grown, and so have the number of credit and…

September 26, 2025
  • 24/7 Cryptocurrency News

Expert Projects HYPE Token Upside as Bitwise Files for Hyperliquid ETF With SEC

An expert has projected a significant upside for the HYPE token, despite its recent dip…

September 26, 2025
  • 24/7 Cryptocurrency News

Expert Says Crypto ETFs Could Be ‘Death-Knell’ for Treasury Firms MSTR, MTPLF, BMNR, SBET

ETF expert Nate Geraci, also the President of Nova Dius Wealth, made a bold prediction…

September 26, 2025