Anthony Scaramucci, founder and managing partner of Skybridge Capital, reaffirmed his belief in bitcoin as a valuable long-term strategic asset during an interview on CNBC.
US Bitcoin Reserves Could Spark Global Adoption, Says Skybridge Capital Founder
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Skybridge’s Scaramucci: U.S. Must Embrace Bitcoin to Stay Competitive
Speaking about the evolving role of digital assets, Anthony Scaramucci was pleased that the U.S. government will allow bitcoin as part of its strategic reserves, alongside traditional assets like gold and oil. He praised efforts to build bipartisan support for bitcoin and stablecoin legislation, emphasizing the importance of institutional adoption. According to him, bitcoin’s status as a digital store of value will only strengthen over the next decade.
“If you look forward over the next three to six months, you’ll see a lot more institutional buying,” Scaramucci told CNBC’s Andrew Ross Sorkin. “And the fact that the United States is going to hold this asset means that other countries, Andrew, are going to end up buying this asset as well.”
Scaramucci acknowledged current skepticism, particularly from older investors and policymakers, but argued that the United States must adapt. He pointed to other countries potentially increasing their bitcoin holdings and suggested that a failure to act could put the U.S. at a disadvantage. He also highlighted efforts by Trump’s Crypto Czar David Sacks to facilitate bitcoin adoption at a governmental level, calling his approach “brilliant.”
Regarding concerns about taxpayer funds being used to acquire bitcoin, Scaramucci clarified that the current strategy involves revenue-neutral methods, such as selling other forfeited assets. He compared this approach to the government’s existing reserve management practices, stressing that bitcoin could serve a similar function.
“If you believe what I believe,” Scaramucci remarked. “That this is a digital store of value and it’s equivalent to digital gold, when you go into the future 10 or 15 years from now, I do think the United States is going to want to have this as a reserve asset in order to maintain the stability of the dollar and the supremacy of the dollar,” he added.
Scaramucci argued that as fiat currencies face inflationary pressures, bitcoin’s limited supply makes it an attractive reserve asset. Despite political divisions over digital assets, Scaramucci urged lawmakers to approach bitcoin ownership pragmatically. He concluded by encouraging more education on the subject, reinforcing his belief that bitcoin is a crucial financial tool for the future.
