GEOPOLITICS, THOSE PLAY OUT OVER MULTIPLE YEARS, AND IN MY MIND I AM CAUTIOUS ABOUT EVERYTHING. >> READING INTO THAT, BITCOIN AND SO MUCH MORE. JOINING US, ANTHONY SCARAMUCCI. GREAT TO HAVE YOU ON THE BROADCAST THIS MORNING. LET'S TALK ABOUT THE JAMIE DIMON COMMENTS. >> ANDREW, HE'S ONE OF THE SMARTEST PEOPLE IN FINANCIAL SERVICES IF NOT THE SMARTEST. I ENJOY LISTENING TO HIM AND TRY TO FACTOR IN WHAT HE'S SAYING. THE ECONOMY DOES FEEL VERY STRONG, AND I DON'T SEE HOW THE FED DOESN'T CUT RATES EVENTUALLY BECAUSE OF THE DEFICIT SPENDING PROBLEM THE U.S. IS FACING. I THINK THOSE RATE CUTS WILL SAVE THE ECONOMY FROM GOING INTO A RECESSION, BUT, JAMIE IS A VERY SMART GUY AND IS SMARTER THAN ME. I ALWAYS LISTEN TO HIM. I AM AT INTELLECTUAL ODDS WITH HIM RELATED TO BITCOIN. BUT, LISTEN, ANYTIME HE SPEAKS I LISTEN, AND HE'S ONE OF THE PEOPLE, INCLUDING YOURSELF, THAT I HAVE ON GOOGLE ALERT. >> GOD BLESS YOU. YOU JUST MENTIONED BITCOIN AND HE IS WITH ODDS WITH YOU ON THAT SUBJECT, AND HE MIGHT HAVE BEEN WRONG ABOUT BITCOIN BUT HE WAS RIGHT ABOUT THE ECONOMY AND HE DID SAY HE DOESN'T THINK THERE WOULD BE INTEREST RATES COMING SO QUICKLY, AND HE'S 100% CORRECT. ON BITCOIN, HE HAS BEEN LESS CORRECT. WE ARE NOW, WHAT, A MONTH AND A HALF, TWO MONTHS AFTER THE TRADED EXCHANGED FUNDS HAVE BEEN APPROVED. WHERE DO YOU THINK THIS ALL GOES? >> THE FIRST THING I WOULD SAY, AND I KNOW JAMIE LISTENS TO YOUR SHOW, AND MAYBE HE WILL WATCH THIS SEGMENT, I WOULD ASK HIM TO DO HIS HOMEWORK, AND SOMEBODY LIKE LARRY SAKE WHO HAS DONE THE HOMEWORK, AND IT'S A ONE-WAY TICKET TOWARDS BITCOIN, AND IF YOU LOOK AT THE LAST 14 YEARS, YOU USUALLY GET A QUADRUPLE AFTER A HABIT. BITCOIN RIGHT NOW IS TRADING 57,000. I AM NOT SURE WHERE IT WILL BE ON OR ABOUT APRIL 20th, WHEN THE HAVING TAKES PLACE, AND PRICES ARE GOING UP PRIMARILY BECAUSE THERE'S NOT A LOT OF SUPPLY OUT THERE. YOU ARE SEEING THE BITCOIN ETFs COME INTO THE MARKETPLACE AT 12 TO 14 TIMES WHAT IS AVAILABLE IN TERMS OF WHAT THE NETWORK IS PRODUCING EVERY DAY, AND THAT'S WHY YOU ARE SEEING THE PRIZE SQUEEZE. YOU DO HAVE PEOPLE THAT DON'T BELIEVE IN BITCOIN AND ARE SHORT BITCOIN, AND THEY ARE GETTING REC RIGHT NOW. THAT'S WHY YOU ARE SEEING THE APPRECIATION. >> THERE WAS THE ARGUMENT MADE THAT OBVIOUSLY IT'S GOING TO GO HIGHER, AND LIKELY TO GO HIGHER, AND WHERE ARE YOU ON THAT? I THINK THERE ARE A LOT OF PEOPLE, FRANKLY, WHO MISSED THE BUS THIS TIME AROUND. THEY FELT THEY WERE BURNED THE FIRST TIME AROUND OR THE SECOND OR THIRD TIME AROUND. HOW DO YOU SEE THE TRADING PATTERN HERE? >> AGAIN, I HAVE BEEN HUMBLED BY LIFE AND HUMBLED BY MARKETS AND HUMBLED BY POLITICS, AND WHEN I MAKE THESE PREDICTIONS, I AM OFTEN WRONG. I DO THINK IT'S GOING HIGHER. IT'S HARD TO FIGURE OUT IN THE SHORT TERM. IF GOLD IS THE $16 TRILLION ASSET, AND BITCOIN HAS A LOT OF THE PROPERTIES AS GOLD, I WOULD SAY IT'S EASIER TO MOVE AROUND, AND IT'S AT A TRILLION DOLLARS RIGHT NOW. AND THAT'S FROM NOW UNTIL 2030. I CAN'T PREDICT THE NEAR TERM, ANDREW, BUT THIS IS SOMETHING THAT WE PUT ON IN OCTOBER OF 2020. I HAVE A LOT OF RAILROAD TRACKS ON MY BACK AS A RESULT OF PUTTING THIS ON. I AM HAPPY TO REPORT TO YOU OUR FUND HAS DONE WELL. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE PERFORMANCE, AND THE LAST 18 MONTHS FOR SKY BRIDGE HAS BEEN DO GOOD AS A RESULT OF STAYING IN THIS. IF WE DO THE HOMEWORK, AND EVEN IF YOU ARE WRONG SHORT-TERM, STAY IN SOMETHING AND YOU WILL LIKELY BE REWARDED IF YOU HAVE THE THING RIGHT ON FUNDAMENTALS. >> MICHAEL SAILOR CAN TELL YOU ABOUT THAT, TOO, RIGHT, MOOCH? >> NO QUESTION. MICHAEL LED ME INTO IT. MICHAEL MADE HIS FIRST BITCOIN INVESTMENT IN AUGUST OF 2020. SKY BRIDGE OWES HIM A GREAT DEBT, BECAUSE HE EXPLAINS THIS TO US AND WE STARTED TO MAKE OUR INVESTMENTS IN OCTOBER PRIOR TO HIM, AT HIGHER PRICES, I MIGHT ADD. >> ANTHONY, LIKE YOU SAID, IT BECAME CLEAR TO ME THE FIRST TIME I DID ANY HOMEWORK AT ALL, AND IT WAS AN HOUR. THAT'S ALL IT TOOK. IT'S FRUSTRATING -- IT'S SO EASY TO BE NEGATIVE ON BITCOIN AND CALL IT A BEANIE BABY. I DON'T THINK CHARLIE -- I AM ALMOST CERTAIN THEY NEVER LOOKED AT A CHAPTER ON WHAT THE ASSET IS OR THE PROPERTIES OF MONEY, OVER 4,000 YEARS. THERE'S SIX OR SEVEN THINGS, AND MONEY ISN'T ALWAYS BACKED BY A GOVERNMENT. IT'S USED BY SOCIETY TO ACCOUNT FOR WHAT YOU DO SO YOU CAN EXCHANGE IT FOR WHAT SOMEBODY ELSE DOES. IT'S THAT SIMPLE. YOU CAN SEE THE PROPERTIES OF IT. IT'S SO ELEGANT. IT MAKES SO MUCH SENSE THAT I WISH THEY WOULD DO THE HOMEWORK. JUST LIKE YOU. THAT'S YOUR ANSWER NOW, THEY NEED TO DO THE HOMEWORK. >> JUST DO THE HOMEWORK. JOE, I WILL OFFER THIS OUT TO MONEY, THE ASSENT OF MONEY GOES INTO THAT 4,000 HISTORY YOU ARE DESCRIBING, AND SOMEBODY LIKE PROFESSOR FERGUSON IS A PRO-BITCOINER, AND YOU KNOW THIS, THE CENTRAL BANKING COMMUNITY HAS BEEN A LITTLE BIT OF A DRUNK DRIVER WITH THE MONEY. JUST GO BACK TO 1971 WHEN WE PULLED OURSELVES OFF THE GOLD STANDARD, AND THE U.S. LOST 98% OF ITS PURCHASING POWER IN 52 YEARS. SO THEY SAID, MAYBE THEY ARE DRUNK DRIVING WITH THE MONEY AND MAYBE WE CAN CREATE A DECENTRALIZED SYSTEM WHERE THE ASSETS ARE HARDER. ANDREW WAS DEBATING TOM LAST WEEK, AND I WOULD SAY TO ANDREW, READ "THE ASCENT OF MONEY," AND YOU WILL SEE THIS DECENTRALIZED AND TRANSPARENT CURRENCY WILL -- MAYBE IT
