In a recent interview, Anthony Scaramucci, the founder of Skybridge Capital, expressed his concerns about the Federal Reserve system, suggesting it's facing a fundamental collapse despite its apparent performance. He pointed to issues like fiat currency devaluation and the U.S. government's deficit spending as significant challenges.
Scaramucci highlighted the inherent risk in this situation, as borrowed funds must be repaid with more dollars, potentially leading to a severe economic downturn. As a result, he believes the Federal Reserve might encounter problems due to a systemic breakdown.
To counter these challenges, Scaramucci proposes an immutable asset with defined scarcity, a unique quality possessed by Bitcoin. He sees Bitcoin evolving into a more valuable store of value than gold, particularly in times of economic uncertainty.
Notably, he predicts that in the event of a collapse in the U.S. financial system, Bitcoin's market value could soar to $15 trillion.
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