Coin Edition -
- Anthony Scaramucci has argued BTC’s market potential reaching $15 trillion.
- He criticizes the broken U.S. monetary system and government overspending.
- Scaramucci stresses the need for long-term planning in American politics.
In a recent interview, Anthony Scaramucci, the managing partner of digital asset investment firm SkyBridge Capital and former White House Director of Communications, shared his vision for the future of money. He expressed his belief, particularly highlighting the transformative power of Bitcoin, arguing Bitcoin could reach a $15 trillion market.
In the interview, Scaramucci stated that the U.S. Federal Reserve was performing well. However, he stressed that the system upon which the FED operates is fundamentally broken. To bolster his claim, he cited concerns about the devaluation of fiat currencies. According to the former U.S. politician, the government spends 43 cents more than it takes.
Scaramucci explained the situation is dangerous since borrowed money must be paid back with dollars worth more than when borrowed, potentially causing a severe economic downturn. Therefore, he concluded that the FED finds itself in a difficult position due to the broken system.
As a solution, he proposed an alternative in the form of an immutable asset with defined scarcity, essentially a transparent transaction ledger. Scaramucci noted that no asset bears such characteristics except Bitcoin, which he sees evolving into a store of value that could be more valuable than gold.
Emphatically, the ex-U.S. politician projected that Bitcoin would reach a $15 trillion market capitalization amid the U.S. broken financial system. Besides, Scaramucci discussed the challenges of fixing the system.
While he noted that it is a fixable problem, he argued it would require a long-term approach. According to him, American politicians lack long-term planning, unlike other countries, such as China, which have comprehensive plans for the future.
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