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Ex-US Politician: BTC is Reaching $15T Cap, FED System is Broken

Published 10/15/2023, 02:11 PM
Updated 10/15/2023, 02:15 PM
© Reuters Ex-US Politician: BTC is Reaching $15T Cap, FED System is Broken
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  • Anthony Scaramucci has argued BTC’s market potential reaching $15 trillion.
  • He criticizes the broken U.S. monetary system and government overspending.
  • Scaramucci stresses the need for long-term planning in American politics.

In a recent interview, Anthony Scaramucci, the managing partner of digital asset investment firm SkyBridge Capital and former White House Director of Communications, shared his vision for the future of money. He expressed his belief, particularly highlighting the transformative power of Bitcoin, arguing Bitcoin could reach a $15 trillion market.

In the interview, Scaramucci stated that the U.S. Federal Reserve was performing well. However, he stressed that the system upon which the FED operates is fundamentally broken. To bolster his claim, he cited concerns about the devaluation of fiat currencies. According to the former U.S. politician, the government spends 43 cents more than it takes.

Scaramucci explained the situation is dangerous since borrowed money must be paid back with dollars worth more than when borrowed, potentially causing a severe economic downturn. Therefore, he concluded that the FED finds itself in a difficult posi…

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