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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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