Scaramucci: "The U.S. Debt Crisis Will Be Resolved, Bitcoin Will Triple by 2026"

SkyBridge Capital's founder Anthony Scaramucci predicts that the U.S. will effectively address its upcoming debt crisis by allowing a slight increase in inflation. Scaramucci highlights the potential negative impact of this approach on savers and low-to-middle-income households. The U.S. government reported that the budget deficit for the financial year ending September 30 has risen by 8%, reaching $1.833 trillion. This is recorded as the third largest budget deficit in history, with issues like technical default and debt ceiling cuts causing further concern.

Scaramucci expressed his belief that the U.S. will find a solution before entering a debt crisis, offering a different perspective on economic discussions ahead of the upcoming November 5 elections. He noted that while market forces suggest Republican candidate Donald Trump's economic plans would create higher debt, he personally leans more towards embracing the plan proposed by Democratic Vice President Kamala Harris.

Positive Outlook for Bitcoin Scaramucci forecasts that Bitcoin will triple by 2026, reaching $170,000. He attributes the potential rise in cryptocurrency prices to expectations stemming from former President Trump's promise to make the U.S. the "crypto capital of the planet." Scaramucci believes this increase is not unusual due to Bitcoin's limited supply and high demand.

Currently, Bitcoin is trading near $72,200, showing a 69% increase over the year. Scaramucci thinks that demand for this asset class will persist, making a threefold increase possible within 18 to 24 months. Market participants continue to closely monitor how these predictions will impact cryptocurrencies.