Anthony Scaramucci, founder and managing partner of SkyBridge Capital, has come to the defense of MicroStrategy co-founder Michael Saylor against criticism suggesting Saylor has done more harm than good for Bitcoin.

Scaramucci dismissed the criticism as "complete nonsense," lauding Saylor as a guiding force within the cryptocurrency community and describing him as a "Sherpa" for many individuals. He emphasized Saylor's role as one of the most articulate advocates for Bitcoin, praising his ability to explain complex concepts.

Scaramucci's defense of Saylor garnered support from numerous cryptocurrency commentators, who highlighted Saylor's dedication and positive influence on the industry. However, some also recalled instances where Saylor's Bitcoin advocacy may have crossed a line. Notably, Saylor faced backlash in 2021 for advising followers to mortgage their houses to invest in Bitcoin during a bullish cycle peak. This advice received criticism, particularly when Bitcoin's price subsequently experienced a significant downturn in 2022.

Despite facing scrutiny for his bold statements, Saylor has remained steadfast in his support for Bitcoin. He defended his controversial remarks by suggesting they were taken out of context and emphasized his long-term conviction in the cryptocurrency. Saylor's journey from experiencing significant losses during the dot-com bubble crash to becoming a prominent Bitcoin advocate has been notable.

Despite skepticism during bear markets, Saylor has persevered, and MicroStrategy's stock has seen substantial gains, largely attributed to Bitcoin's rally. Saylor's personal net worth has also surged, surpassing $4 billion.