Anthony Scaramucci, founder of SkyBridge Capital, defends MicroStrategy's Bitcoin buying spree, stating that critics don't understand the company's balance sheet or CEO Michael Saylor's strategy. MicroStrategy has taken on billions in debt to buy Bitcoin, which has transformed the company into Wall Street's top Bitcoin proxy. Some investors are concerned about the risk of MicroStrategy being forced to sell its Bitcoin stash if prices drop sharply, but Scaramucci dismisses these concerns. He believes that Saylor's debt strategy is calculated and compares it to Lehman Brothers' downfall to emphasize its differences. Despite recent volatility in Bitcoin's price due to Federal Reserve announcements, Scaramucci remains optimistic about its long-term prospects, predicting a potential market cap of $18 trillion.



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