Bitcoin advocate Anthony Scaramucci has suggested that the US Senate may agree to a significant government purchase of Bitcoin, potentially up to 500,000 BTC. Such a move, reportedly backed by President Trump, could introduce a strategic Bitcoin reserve and serve as a counterbalance to the nation’s existing $600 billion gold reserves, even if it risks undermining the global confidence in the US dollar. Scaramucci’s comments come amid an emerging consensus among a younger generation of lawmakers, who view Bitcoin as a viable “digital gold”.
The Defi Comment:
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Anthony Scaramucci, founder of SkyBridge Capital, has speculated that the US Senate may approve a significant government purchase of Bitcoin, potentially up to 500,000 BTC.
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Scaramucci maintains strong connections with various legislators and claims that legislators from both sides are showing an increasing acceptance of Bitcoin as a strategic reserve.
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He suggests that younger lawmakers view Bitcoin as "digital gold", showing greater openness towards incorporating it into federal holdings.
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Scaramucci’s stance is that if major economies like China quickly move into Bitcoin reserves, the US could fall behind strategically, thus a sizable Bitcoin reserve would be in the national interest.
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Despite opponents of this strategy arguing that it could weaken global confidence in the US dollar, Scaramucci believes the opposite, stating that staying technologically competitive could reinforce the dollar’s standing.
- Scaramucci is also an author and is currently writing a book called "The Little Book of Bitcoin."
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