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Financier Anthony Scaramucci believes Donald Trump has embraced Bitcoin because it’s actually a plus for US dollar supremacy.
Financier Anthony Scaramucci says he believes Donald Trump has embraced Bitcoin because it’s actually a plus for US dollar supremacy.
The former Trump administration official turned crypto booster told CNBC on Monday that the 45th president is “pro-American strength”.
“I think he's realized that crypto, and Bitcoin in particular, is actually a plus for the US dollar,” Scaramucci said.
“It makes the US dollar stronger, it gives it a network effect, it gives it a technology effect, it gives it a liquidity effect.
“So I think he's realized that, and I think he's realized that it's a good thing for the country, and he's pivoting towards it.”
Trump has previously slammed crypto and called for it to be “outlawed” entirely, but he’s since appeared to soften his stance on the emerging asset class.
Last month, Trump told Fox Business that he prefers “the currency of the United States” and that he’s “not into Bitcoin, personally”.
However, he added that “a lot of people like it” and that “it’s a very interesting concept”.
“I’m into the currency of the United States. I like the dollar. I think the dollar is strong. I think the dollar will get stronger and ultimately, I want to see a strong dollar, not a weak dollar,” Trump said.
“I’m not a fan personally, but a lot of people like it and a lot of people are making a lot of money with it, so I’m not talking about those people.
“I’m talking about the concept. I think the concept is interesting. I’m sure you’ll be talking about it. It’s a very interesting concept, but I’m not into it personally.”
Scaramucci, who left Trump’s administration after just 11 days, has previously said he thinks the former president will “ultimately announce that he’s running on a pro-Bitcoin, pro-crypto platform”.
The financier, who founded crypto hedge fund SkyBridge Capital, told the Block in March that he had “a conversation with the president about Bitcoin”.
“I think he's realized that, and I think he's realized that it's a good thing for the country, and he's pivoting towards it,” Scaramucci added.
“I think he will ultimately announce that he’s running on a pro-Bitcoin, pro-crypto platform. I think that's where his head is at, and I think he's going to continue to evolve on the topic.”
Trump has yet to officially announce whether he will be running for president again in 2024, but he has repeatedly teased a potential bid.
The former president is expected to hold a rally in Ohio on Saturday, where he will likely continue to stoke speculation about his political future.
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