SkyBridge Capital is increasing its focus on macro trading strategies as heightened policy uncertainty under the US administration fuels market volatility, according to a report by Reuters citing founder and managing partner Anthony Scaramucci.
Speaking at the Reuters Global Markets Forum on the sidelines of the World Economic Forum in Davos, Scaramucci said rising market swings have created a more supportive environment for macro managers.
“Because of the volatility, the macro traders have done better,” he said.
The alternative investment firm, which has historically maintained significant exposure to digital assets, has adjusted its portfolio positioning accordingly. Regulatory filings from September 2025 show SkyBridge’s Opportunity Fund allocating 69% to macro strategies, up from 65% earlier in the year when cryptocurrencies and digital assets dominated the portfolio.
Despite a sharp correction in crypto markets, Scaramucci said SkyBridge remains constructive on bitcoin over the long term, describing the recent decline as a matter of timing rather than a shift in fundamentals.
“I don’t think the fundamental story for bitcoin has changed,” he said, pointing to continued consolidation across the digital asset ecosystem.
Bitcoin experienced significant volatility in 2025, reaching a record high above $126,000 in October before a steep sell-off triggered more than $19bn in liquidations across leveraged crypto positions – the largest such event on record. The cryptocurrency was trading below $90,000 on Tuesday, around 28% below its peak.
Scaramucci said earlier optimism around sweeping regulatory reform in the US had proved premature, particularly expectations that new legislation would quickly reshape the crypto landscape.
“All of us in the bitcoin community got overly enthusiastic about the end of repressive regulation,” he said, noting that progress on broader market structure reforms has been slower than anticipated.
While stablecoin legislation was passed last year, other proposals – including the Clarity Act, which aims to define whether crypto tokens fall under securities or commodities regulation – remain under consideration in the US Senate.
Looking ahead, Scaramucci struck a measured tone, saying SkyBridge remains “cautiously optimistic” on markets in 2026, with volatility likely to remain a defining feature of the investment environment.
