Anthony Scaramucci Explains Why He's Long Bitcoin and Gold: 'Imagine an American President...Sitting in Front of a $55 Trillion Deficit'

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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' Aniket Verma Wed, July 22, 2026 at 12:41 AM EDT 2 min read BTC-USD JPM 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 figures, including JPMorgan Chase (NYSE: JPM ) CEO Jamie Dimon . Imagine an American president in 2036 or 2040 sitting in front of a $55 trillion deficit. The money isn't worth anything anymore because deficit spending is unfunded tax liability and the only way we've been willing to pay for it is through the most pernicious, most regressive… pic.twitter.com/CbzkBGL75a — Anthony Scaramucci (@Scaramucci) July 21, 2026 Scaramucci added that inflation effectively monetizes debt by eroding the currency's value, so $1,000 would have only $750 in purchasing power. He pitched Bitcoin and gold as "part of the answer" to this evolving monetary system, deeming them both as inflation hedges. "That's why I'm long gold. That's why I'm long Bitcoin," Scaramucci added. Read Also: Anthony Scaramucci Says 'The Hypocrisy Isn't Even Hidden Anymore,' Slams Trump Supporters Over Double Standards Scaramucci has maintained his long-term bullish stance on Bitcoin , asserting that he would allocate roughly 30% of a new portfolio to Bitcoin, alongside AI, U.S. equities, real estate and gold. Even without U.S. regulatory reform, he believes B itcoin could eventually reach half of gold's market capitalization , implying a price in the range of $1 million to $1.5 million over the next decade. Scaramucci previously deemed the current cycle shallower than previous ones, predicting a rally late in the 4th quarter of 2026 into early 2027. Price Action : At the time of writing, BTC was exchanging hands at $66,203.73, up 1.07% in the last 24 hours, according to data from Benzinga Pro. Read Also: Anthony Scaramucci Says AI Will Bring a 3-Day or 4-Day Workweek, Not an Economic Crisis—'Don't Buy the AI Drama' Disclaimer : This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors. Photo courtesy: Al Teich / Shutterstock.com UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily , plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. This article Anthony Scaramucci Explains Why He's Long Bitcoin and Gold: 'Imagine an American President...Sitting in Front of a $55 Trillion Deficit' originally appeared on Benzinga.com

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Anthony Scaramucci, founder of SkyBridge Capital, warned that the U.S. national debt will surge from $39 trillion to $55 trillion, emphasizing long positions in Bitcoin and gold as inflation hedges. He analyzed that fiscal deficits and currency devaluation will drive the reorganization of asset markets. Investors should review their allocations to real assets and virtual assets to prepare for long-term inflation risks.

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