Anthony Scaramucci Says Bitcoin Is 'Digital Store Of Value' And 'The US Should Own It'

Bitcoin (CRYPTO: BTC) is a very valuable long-term strategic asset that the United States should hold in its reserves, according to Anthony Scaramucci, founder and managing partner of SkyBridge Capital.

What Happened: In an interview with CNBC on Monday, Scaramucci praised the Trump administration's efforts to establish a Bitcoin reserve, arguing that it positions the cryptocurrency as a critical component of the nation's financial future, akin to digital gold.

With Bitcoin trading around $80,750—down down about 26% from its all time high of $108,786, Scaramucci emphasized its role in maintaining dollar stability and urged bipartisan support for the initiative, despite skepticism from some quarters.

Scaramucci highlighted the strategic vision behind the reserve, crediting David Sacks, a key figure in the administration, for fostering a bipartisan approach to digital assets.

"It's a very valuable long-term strategic asset and I believe the U.S. should own it," he said, highlighting his belief that Bitcoin's value transcends short-term market fluctuations.

He pointed to the administration's plan to acquire Bitcoin through revenue-neutral means—such as converting forfeited assets—rather than relying on taxpayer funds, a move he sees as both pragmatic and politically savvy.

The SkyBridge founder drew parallels between Bitcoin and traditional reserve assets like gold and oil, which enjoy broad congressional support.

He argued that Bitcoin's inclusion in the strategic reserve could bolster the dollar's supremacy over the next decade or more.

Also Read: Bitcoin’s Heading To $73,000 Without A Fresh Narrative: 10x Research

"If you believe what I believe, that this is a digital store of value and it's equivalent to digital gold… the United States is going to want to have this as a reserve asset," Scaramucci said.

He dismissed comparisons to failed government investments like Solyndra, insisting that Bitcoin represents a foundational technology, not a speculative venture.

Why It Matters: Scaramucci also addressed the choppy trading environment, attributing it to dashed expectations among Bitcoin enthusiasts who anticipated an immediate boom following the Trump administration's arrival. Instead, he praised Sacks for taking a measured approach.

"I think what David Sacks has done, frankly, is brilliant because he's trying to create a bipartisan commitment and a bipartisan understanding to digital assets," he noted.

Looking ahead, Scaramucci predicted increased institutional buying over the next three to six months, spurred by the U.S. reserve initiative, which could prompt other nations to follow suit.

Despite skepticism from some conservative and older demographics—evidenced by his encounters at a recent Yale event—Scaramucci urged critics to study Bitcoin's potential.

As a five-year holder himself, he remains steadfast in his conviction that it is a hedge against currency risk and a vital asset for the future.

Read Next:

• Why Did Trump’s Strategic Crypto Reserve Not Include XRP?

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