‘Totally absurd’: Scaramucci defends Bitcoin evangelist Saylor against critics

American financier Anthony Scaramucci, founder and managing partner of New York-based investment firm SkyBridge Capital, has defended MicroStrategy co-founder Michael Saylor against a critic who accused the latter of harming Bitcoin more than helping it.

American financier Anthony Scaramucci, founder and managing partner of New York-based investment firm SkyBridge Capital, has defended MicroStrategy co-founder Michael Saylor against a critic who accused the latter of harming Bitcoin more than helping it.

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Scaramucci slammed the caustic comment as “complete nonsense,” adding that Saylor has been “Sherpa” to many of us. He added that the MicroStrategy co-founder was “the best Bitcoin explainer” in the cryptocurrency community.

Most cryptocurrency commentators have sided with Scaramucci, arguing that it would be ridiculous to view Saylor’s influence as negative considering his dedication.

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‘Totally absurd’: Scaramucci defends Bitcoin evangelist Saylor against critics

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However, there were also those who recalled how Saylor’s defense of Bitcoin sometimes went too far. In 2021, he advised his followers to mortgage their homes so they could buy more Bitcoin near the peak of the previous bull cycle. In 2022, Saylor’s comment backfired during the Bitcoin price crash, with many followers accusing the controversial Bitcoin evangelist of leading them to financial ruin. As reported by Guru-InvestingSaylor defended his controversial comment, claiming that critics had carefully chosen their words.

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Saylor, who became the first person to lose $6 billion in one day during the dot-com bubble collapse in 2000, managed to reinvent himself as one of Bitcoin’s leading proponents. After facing much ridicule during the bear market, Saylor has defined his detractors. MicroStrategy (MSTR) stock has seen a triple-digit rally this year on the back of Bitcoin’s rally. Meanwhile, Saylor’s net worth has surpassed $4 billion.

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