Joint appearance with Governor Cuomo on WABC Radio 10/31/23.

0:00 Speaker 1 With us today is Anthony Scaramucci and a good friend of OZ. He was a founder and managing partner of Skybridge Partners, and he was chairman, founder and chairman of Sort. And he was at the White House for at least ten eleven days. Anthony Scyramuci, you tell us where you were you? You know, we we’ve been together for a

0:26 long time. Last week you might have made an extra billion dollars with bitcoins going to from twenty seven thousand up to thirty four thousand. Tell us, how does it feel to have a billion dollars more in a week?

0:40 Speaker 2 You’re projecting that’s because you’re making all this money off a WABC. You’re projecting, Kasma Tezis. But you know, it’s always it’s always great to be on with you. But I was there for eleven days. Don’t hit me in say ten, you can’t hit me out a nine point one percent of my federal career. That wouldn’t be fair, right,

0:57 You get a pension. I didn’t get a pension, but I gotta I got a two cent check from the GSA that I have framed in my office, and I gotta remember I haven’t only working for a dollar a year.

1:09 So that’s that’s that’s what the breakdown was.

1:11 Speaker 1 I have a copy of a check that they sent me a fourteen dollars refund, which I didn’t ask for. So I have a I framed that check and I put it up. But they got even with it too.

1:24 Speaker 2 You know, they got even remembers.

1:27 Speaker 1 They why transferred me the money and I couldn’t send it back.

1:33 Speaker 2 There you go, but tell us that now we have.

1:36 Speaker 1 A special day on Tuesday, you and UH Governor Andrew Cuomo. I’m gonna swing it out in a special two hour special on w ABC.

1:47 Speaker 2 Well, I versual appreciate the opportunity. Andrew’s a dear friend, but he got a lot wrong. And a lot of the problems that were faced here in New York is a result of these less leaning policies and these left leaning strategies, and so we went from a city that had no crime, very low murder rate to a city

2:07 where common people don’t feel safe. We’ve also got less than thirty six percent of the kids are showing up a time on the public school and we’re way below the fifty percent graduation now in the public school system.

2:21 And you know, we can get we can talk for hours on the migrant crisis, all of this stuff being mishandled by hard left leaning policies, and so Andrew’s gonna have to face the music on Tuesday.

2:34 Speaker 1 Wow, that’s going to be sun. I look forward to it. I mean, you guys are two very smart guys. You’re you’re very cool, You’re very smart, and you guys are going to swing it out and it’s going to be very entertaining on Tuesday afternoon one to clap to three at clap on WABC.

2:51 Speaker 2 It’s going to be entertaining, but it’s also going to be hard hitting. I’m coming to Pare with the facts, John, because Andrew. Governor Cuomo’s got an answer for this. Governor Hockel has to answer this. Listen, we’re both New Yorkers, you and I and I want to stay in New York.

3:07 I’ve got you know, my residents. I pay taxes here in New York. But these guys have not done the right thing for the city, you know, and so they have to answer for it. And I’m you know, and I’m going to be ready. I’ll be I’ll be good.

3:20 Pare with the entire list to go through, and then we got to talk about the national situation and the broader geopolitical situation which is also not going well understood.

3:34 Speaker 1 What else would you like to tell? You know, it’s Sunday morning, we’re both drinking some black coffee. What else here you have on your on your mind? This week? I mean, bitcoin went from twenty six to thirty three thirty four thousand. What was the reasoning behind going up so fast?

3:55 Speaker 2 Well, first of all, I want to thank you for bringing me on when the New York Post was drawing pictures of me sinking in my bitcoin vote when bitcoin was at sixteen thousand. I came on your show a little under a year ago and explained to people why bitcoin would ultimately be a flight to quality for people.

4:14 And you fast forward nine ten to eleven months. Larry Fink, the largest the CEO of Blackrock, the largest asset manager in the United States, has filed for a bitcoin ETF, and the likelihood of him getting it is quite high.

4:29 And that is the market’s reaction to the eventuality of the US regulatory authorities blessing a cash bitcoin ETF in the US. John, and so we think bitcoin is intrinsically valued at around fifty thousand, but it’s been depressed because of the fraud and criminality of the likes of Sam Bankman, Freed and others last year. But what’s happening right now

4:55 is the broader marketplace is getting ready for institutional demand. It won’t just be Black Block, It’ll be Fidelity, Arc Asset Management, vulke I, many others are likely to get the ETF approved at the same time, and they have very large sales teams and capital asset allocation strategies that we think this is going to push the price up.

5:15 And just to remind your listeners, there’s only twenty one million bitcoins out there. Some of them were lost in the early days, and so there’s probably only sixteen or seventeen million left in the society. Very very hard to own a full bitcoin for somebody, and so this is the reason why the price is going higher.

5:35 Speaker 1 Anthony Skyramochi, thank you for coming on this Sunday morning. I am looking to this. You swing out with Andrew Cuomo on Governor Andrew Cuomo on Tuesday between one o’clock and three o’clock on WABC.

5:49 Speaker 2 John, can you hear the rocky music behind me? I’m drinking raw eggs right now. On a Sunday morning, getting ready for this fight.

5:57 Speaker 1 Rocky Rocky. I look forward to it. I’m sure it’s gonna be I’m sure it’s gonna be very entertaining. Thank you so much, all right, Copleis