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Anthony Scaramucci Explains Why He's Long Bitcoin and Gold: 'Imagine an American President...Sitting in Front of a $55 Trillion Deficit'
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. 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 ... (full story)
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From cointelegraph.com | 6 hr ago
Data from TradingView showed BTC/USD down 1% on the day, having earlier hit five-week highs near $67,000. Crypto and US stocks continued Tuesdays direction, which saw them ignore escalation in the Middle East, including direct strikes by both Iran and the US. US president Donald Trump threatened attacks on Iranian bridges and energy infrastructure, which ...