Scaramucci Says More Companies Should Be Holding Bitcoin on Their Balance Sheets

Asked he if sees SkyBridge having an Ethereum-based product some day, Scaramucci said, "Yes, I see that happening.

AccessTimeIconMar 21, 2021 at 3:43 p.m. UTC
Updated Sep 14, 2021 at 12:29 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

More companies should be holding bitcoin on their balance sheet because of the explosive growth of the U.S. monetary supply, former White House Communications Director and hedge fund founder Anthony Scaramucci said on CoinDesk TV.

  • In a wide-ranging interview, the founder of SkyBridge Capital on Friday called the increase in the money supply a "silent tax on American savers."
  • "A responsible CFO or responsible treasurer will have to think about other assets to hold as a potential story of value for their companies," he asserted.

Also in the interview:

  • The reason he's so bullish on bitcoin is that it's a "solution" to the undercutting of the Bretton Woods agreement in the early 1970s. Bitcoin has the potential to "start to standardize money again and that will be better for the working poor and the middle class," he said.
  • Because of this, bitcoin could quite possibly one day be the currency of the world unless the U.S. dollar becomes digitized and is "no longer going to be influenced by politicians and policymakers." But that would need to happen quickly, he said.
  • SkyBridge now holds more than $600 million in bitcoin.
  • Asked he if sees SkyBridge having an Ethereum-based product some day, Scaramucci said, "Yes, I see that happening.
  • Asked if he's looking at decentralized finance, Scaramucci said, "Yes, so stay tuned."
  • He's even more optimistic about the price of bitcoin than his year-end prediction of $100,000 would indicate, but won't change his forecast to avoid making this clients think he's crazy, even though "I think they've grown to think that I am nuts."
  • Scaramucci's brief time in the Trump Administration has hurt him with both Republicans and Democrats, he said, but if his fund keeps performing his political work will cease to matter, noting his core fund is up almost 40% since last April and up 12 1/2% for the year to date. "I think if we continue to perform like that I think people are going to become indifferent to my political views," he said.
  • Scaramucci registered the day after he was fired from the White House after 10 days on the job.
  • He likes bitcoin at $20,000 or $30,000, up from when he liked it at $400, "because of the scaling nature of it."
  • He's less worried about former U.S. President Trump's negative views on bitcoin than he is about U.S. Treasury Secretary Janet Yellen, U.S. Federal Reserve Chairman Jerome Powell and European Central Bank President Christine Lagarde, all of whom have said negative things about bitcoin.


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by; both groups have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary, and an editorial committee, chaired by a former editor-in-chief of The Wall Street Journal, is being formed to support journalistic integrity.

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to to register and buy your pass now.