Scaramucci Sees US Tackling Debt and Bitcoins Booming by Mid-2026

Anthony Scaramucci, the founder of SkyBridge Capital, believes the US can manage its debt crisis by allowing inflation to rise slightly. This strategy might not be great for savers and lower- to middle-income households, but Scaramucci thinks it's the way to go. He made these comments just before the November 5 election, taking a different stance from many other experts who worry about the US debt being sustainable. The US budget deficit for the year ending September 30 hit $1. 833 trillion, the third-largest in history. This news has made some people nervous about a debt crisis. But Scaramucci isn't too worried. "We’ll solve this and stop any crisis from happening, " he said during the Reuters Global Markets Forum. Lots of people in the market are worried about the US debt. They think another rating downgrade could happen. Scaramucci said he prefers Kamala Harris' economic plans over Donald Trump's. Trump's plans could add twice as much debt, according to some market forecasts. Scaramucci, who briefly worked in the Trump administration, thinks bitcoin will reach $170, 000 by mid-2026. That's a big jump from its current price of $71, 865. He thinks bitcoin prices will rise because there's only a limited amount of bitcoin, and demand is high. A second Trump administration could boost cryptocurrency prices. Trump has said he wants to make the US the "crypto capital of the planet. " Bitcoin has already risen by 69% this year.