SkyBridge Capital CEO and vocal cryptocurrency advocate Anthony Scaramucci advised steady accumulation rather than speculative trading for Bitcoin (CRYPTO: BTC) on Tuesday amid the apex cryptocurrency’s ongoing decline.

Scaramucci Wants Investors To Buy BTC’s Dip

Scaramucci endorsed Strategy Inc. (NASDAQ:MSTR) co-founder Michael Saylor’s HODL mantra, saying, “Accumulate, don’t speculate.”

Scaramucci, who has 70% of his wealth tied in Bitcoin-related investments, said over the weekend that he was buying the latest dip.

Scaramucci Got It Wrong Last Year

Notably, Scaramucci stayed bullish on Bitcoin through much of last year, holding a $150,000 year-end price target until September.

Benzinga