SkyBridge Capital founder Anthony Scaramucci has articulated a detailed and "intellectually defensible" bull case for Bitcoin, arguing that its role as a crucial financial asset becomes more compelling each year. In a post on X (formerly Twitter), Scaramucci separated Bitcoin from traditional equities and commodities, defining it as a "neutral, non-sovereign, digitally native store of value" uniquely suited for the modern era. He emphasized that "nothing else credibly fills that role."
Scaramucci's thesis is built on four key macroeconomic drivers that he believes make long-term success for Bitcoin inevitable. First is the escalating trajectory of sovereign debt, which is cornering central banks. Second is the persistent monetary expansion (money printing) required to service that debt, which erodes the purchasing power of fiat currencies. Third is the potential deflationary shock from the rise of artificial intelligence (AI), which could necessitate even more aggressive fiscal and monetary stimulus from governments. Fourth is increasing geopolitical fragmentation, which weakens trust in centralized institutions and the U.S. dollar-based financial system.
He argues that Bitcoin is the only credible hedge against this combination of forces. Its "digitally native" architecture allows for global movement at internet speed, and its operation outside the control of any single nation or central bank provides neutrality. Despite acknowledging that cryptocurrency is currently in a bear market and that Bitcoin trades below its all-time highs, Scaramucci remains unfazed by short-term price action. He urges an investment strategy of "accumulate, don't speculate" and concluded, "Given the macro trajectory, that bet looks more reasonable with each passing year, not less."
