Watch CNBC's full interview with SkyBridge Capital's Anthony Scaramucci on crypto

Anthony Scaramucci, SkyBridge Capital founder and CNBC contributor, joins CNBC's 'Squawk Box' to discuss cryptocurrencies after bitcoin's value was slashed nearly in half. Scaramucci explains why investors should ride out cryptocurrencies in the long-run, but he warns retail investors against using bitcoin as leverage. "Bitcoin is too volatile," Scaramucci tells CNBC.