Anthony Scaramucci Advocates for U.S. Bitcoin Reserve Amid Market Volatility

The SkyBridge Capital founder highlights Bitcoin's strategic value as Trump administration formalizes a national cryptocurrency reserve.

Anthony Scaramucci, founder of SkyBridge Capital, has called Bitcoin a 'digital store of value' and urged the U.S. to include it in its strategic reserves.
The Trump administration recently signed an executive order establishing a Bitcoin reserve, positioning the cryptocurrency as 'digital gold' with a fixed supply of 21 million coins.
Scaramucci credited White House crypto czar David Sacks for fostering bipartisan support for the initiative, likening Bitcoin to traditional reserve assets like gold and oil.
Bitcoin's market value has dropped nearly 26% from its January peak of $109,000, with current trading around $78,000, influenced by market skepticism and external factors such as North Korean cyberattacks.
Despite the volatility, Scaramucci remains optimistic, predicting Bitcoin could reach $200,000 by year-end as regulatory clarity and institutional adoption grow.