Scaramucci goes long Bitcoin and gold as US deficit nears $55 trillion

SkyBridge Capital's Anthony Scaramucci is betting on Bitcoin and gold as the US national debt heads toward $55 trillion.

SkyBridge Capital founder Anthony Scaramucci said he is long Bitcoin and gold, warning that US deficit spending could push the national debt to $55 trillion within a decade.

"Deficit spending is an unfunded tax liability, and the only way we've been willing to pay for it is through the most pernicious, most regressive tax of all — inflation," Scaramucci said on X. "That's why I'm long gold. That's why I'm long Bitcoin."

Scaramucci, who served as White House communications director, said inflation effectively monetizes debt by eroding purchasing power — $1,000 today would be worth only $750. He framed the fiscal trajectory as a structural risk, a view shared by JPMorgan Chase Chief Executive Officer Jamie Dimon, who recently warned against buying long-term US bonds.

Scaramucci said he would allocate roughly 30% of a new portfolio to Bitcoin alongside gold, AI, US equities and real estate. He projects Bitcoin could reach half of gold's market capitalization, implying a price of $1 million to $1.5 million over the next decade, even without US regulatory reform.

Scaramucci described the current cycle as shallower than previous ones, predicting a rally in late Q4 2026 into early 2027. Bitcoin traded at $66,203.73 as of 00:41 UTC, up 1.07% in the prior 24 hours, according to CoinGecko data.

The SkyBridge Capital chief has maintained his bullish stance on Bitcoin as a macro hedge, arguing that the asset's fixed supply makes it a natural counterweight to fiat currency debasement. He previously said Bitcoin could finish the year above current levels even without the passage of the CLARITY Act, a regulatory bill he considers more consequential for altcoins than for Bitcoin, which already has regulated investment products.

Gold, which Scaramucci also holds, has historically served as an inflation hedge during periods of fiscal expansion. The combination of rising debt levels and persistent inflation pressures has driven both assets higher in recent years, with institutional flows into spot Bitcoin ETFs and gold-backed funds accelerating.

This article is for informational purposes only and does not constitute investment advice.