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Note published on November 7, 2025 at 5:35 PM UTC

2025-11-07T17:35:59+00:00

thank you Anthony Scaramucci for this extremely relatable analogy about people buying bitcoin on margin

“The margin is a spear coming out of the steering wheel of your sports car, and you’re in the south of France on an icy road in the mountain terrain by Monaco,” said SkyBridge Capital founder Anthony Scaramucci in an interview. “And when you need to hit the brake, that’s when the leverage hurts you the most.”