Anthony Scaramucci has told Cryptonews that he believes a strategic Bitcoin reserve will happen “in some form” — and clear crypto regulations in the U.S. will emerge in the next 12 months.
Speaking at the Digital Assets Forum in London, the SkyBridge Capital founder also predicted that BTC’s bull run won’t be derailed by Donald Trump imposing tariffs on imports from around the world.
“I think people have to recognize you get the whole buffet table with Donald Trump, you’re not only allowed to have an a la carte meal with him. If you like pro-crypto legislation, he represents that — but then he also represents the self-dealing, putting up a meme coin.”
Even in an “apocalyptic” scenario where Trump “goes full on crazy” — sparking a protracted bear market or a recession — Scaramucci thinks BTC could benefit, and become a “reserve asset and gold-like instrument for many people around the world.”
“If you have an economic catastrophe — and Bitcoin is what we believe it is, which is perfect money, a store of value, long-term digital gold, the operating system for the future of money… if you believe all of those things, and there is an economic catastrophe, it will bode well for Bitcoin long term.”
Bitcoin’s momentum recently stalled when the White House announced it plans to “evaluate” whether to launch a strategic reserve in the coming months — instead of immediately moving to stockpile this cryptocurrency. Asked whether there’s a risk this policy won’t happen, Scaramucci told us:
“Of course there is a risk. I think one of the things I love about this industry — I’ve been in this industry for five years and I have five children — the most impetuous, the most instantly gratifying of my children is this industry. Bitcoiners want things yesterday. They wanted Trump to take his hands off the Bible and at 12.01pm announce he was gonna buy 1 million BTC for the United States. The world doesn’t work that way.”
Scaramucci says he thinks highly of Trump’s White House crypto and AI czar David Sacks, and there will be a reason why the stockpile isn’t being rushed.
“You want there to be bipartisan buy-in on a strategic reserve. You don’t want Trump to unilaterally do that, because then the Democrats get inflamed, they come back into power and they undo what he did. You don’t want that ping-pong. You’d rather have a few big Democrats coming to the table with Donald Trump on this.”
Given Bitcoin is mainly popular in Republican circles, Scaramucci was asked whether that bipartisan support for a Bitcoin reserve actually exists.
“Follow the money. The Republicans won the House, they won the Senate, they won the presidency. Sherrod Brown, who was an 18-year veteran, a Democrat, got ousted primarily with Crypto PAC money. And I think it’s a big eye opener for the Democrats. I think they realize they have to come to the middle with some level of positive legislation related to stablecoins, related to Bitcoin and the blockchain in general.”
The Wall Street financier went on to argue that it doesn’t actually matter whether Donald Trump deeply cares about the crypto sector, or whether he was just pandering to deep-pocketed donors during the election campaign.
“It’s like you’re in the movie Papillon. You’re in solitary confinement, your teeth are falling out, you’re getting browbeaten by Gary Gensler and Elizabeth Warren. And Trump shows up at the Bitcoin conference and says ‘I’m with you guys’ — and literally says ‘have fun with your Bitcoin.’ It’s like manna from heaven to these Bitcoiners, you know? Whether or not he’s transactional with them, I don’t think they care. And I think to give Donald Trump credit — and he deserves this credit — he’s brought this issue front and center as a result of his support. I think it’ll become mainstream.”
Scaramucci was at the Digital Assets Forum to discuss how big money from Wall Street is transforming the ecosystem — and predicted regulatory clarity will emerge by February of next year at the latest, comfortably before the midterm elections.
“They have to campaign on this. You really can’t get into June, July… you want to be out there campaigning that you’re pro-Bitcoin, pro-crypto, and you helped get this legislation done — otherwise you’re going to face the wrath of these crypto political action committees.”
As the interview came to a close, Cryptonews asked Scaramucci whether he believes the bromance between Elon Musk and Donald Trump will end in tears.
“I think it’ll stay positive for now because it’s in their mutual interest. Elon’s got a $44 billion megaphone known as X. So when it ends, and it eventually will end, it will peter out. It won’t end with this sort of Pyrrhic stuff that Trump does to everybody else.”
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