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SkyBridge Capital founder Anthony Scaramucci positioned Bitcoin (CRYPTO: BTC) and gold as “part of the answer” to a changing monetary system under strain from fiscal pressures and declining purchasing power.
Deficit Spending to Trigger High Inflation?
Scaramucci voiced his concerns on X about the potential impact of deficit spending and inflation on the economy.
The former White House Communications Director warned that national debt could rise from the current $39 trillion to $55 trillion within the next decade.
He framed deficit spending as an “unfunded tax liability” that would trigger inflation and borrowing costs, an assessment shared by other notable figures, including JPMorgan Chase CEO Jamie Dimon. Scaramucci added that inflation effectively monetizes debt by eroding the currency’s value, so $1,000 would have only $750 in purchasing power. He pitched Bitcoin and gold as “part of the answer” to this evolving monetary system, deeming them both as inflation hedges. “That’s why I’m long gold. That’s why I’m long Bitcoin,” Scaramucci added.Why Scaramucci’s Long Bitcoin, Gold
‘Permabull’ Scaramucci
Scaramucci has maintained his long-term bullish stance on Bitcoin, asserting that he would allocate roughly 30% of a new portfolio to Bitcoin, alongside AI, U.S. equities, real estate and gold.
Even without U.S. regulatory reform, he believes Bitcoin could eventually reach half of gold’s market capitalization, implying a price in the range of $1 million to $1.5 million over the next decade.
Scaramucci previously deemed the current cycle shallower than previous ones, predicting a rally late in the 4th quarter of 2026 into early 2027.
Price Action: At the time of writing, BTC was exchanging hands at $66,203.73, up 1.07% in the last 24 hours, according to data from Benzinga Pro.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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This article Anthony Scaramucci Explains Why He's Long Bitcoin and Gold: 'Imagine an American President...Sitting in Front of a $55 Trillion Deficit' originally appeared on Benzinga.com.
