Anthony Scaramucci: Best bitcoiners 'are the dead people’

Anthony Scaramucci told CNBC on Friday the best cryptocurrency holders were “the dead people,” and said people who weren’t in cryptocurrency for the technology “should sell.”

Scaramucci, the founder and managing partner of SkyBridge Capital, made the comment during a CNBC segment with Coinshares Chief Strategy Officer Meltem Demirors and Duke University’s crypto-hating law professor Lee Reiners.

“If you don’t understand these technologies, you should sell. If you’re in it for speculative reasons, sell. But if you believe … in the long-term future of financial innovation … you should buy and not look at it, and remember that the best accounts are the dead people, because they don’t look at the accounts. So you have to stay in these things for long periods of time and not be emotional with your investment.”

He said earlier in the segment that he believed investment would pick up if the feds approved a cash exchange-traded fund (ETF). “I like following the numbers. Where are the numbers? Use cases are going up. Wallets are going up. And there’s exponential growth in the industry. But like in all early technology, you have these waves of volatility … and I predict that until we get a cash ETF approved in the United States … we’ll probably see this thing languishing for a period of time. But once we get the cash ETF, we’ll be off to the races.”

Scaramucci’s firm notably manages $3.5 billion in assets, with nearly half invested in cryptocurrency holdings including bitcoin, Algorand, and Ethereum.

On the other side, anti-crypto fanatic Reiners told viewers to “stay out of crypto.”

“I’d say good luck, and you’re not going to be at Crypto Bahamas next year,” Reiners said. “You’re going to be lucky if you’re in Crypto Yonkers the way that things are going. There’s no fundamental value associated with these digital assts.”

Watch the CNBC segment above.