Anthony Scaramucci Says Bitcoin's Price Will Rise Regardless of the 2024 Election Outcome

Anthony Scaramucci, founder of Skybridge Capital and former White House Communications Director, discussed bitcoin's future and the potential role of U.S. presidents in shaping crypto policy in a new interview with Saxo.

Former White House Communications Director Anthony Scaramucci believes that the price of bitcoin will continue to rise regardless of the outcome of the 2024 US presidential election. However, he suggests that President Trump's approach might lead to a short-term boost for the cryptocurrency.

In an interview with Saxo, Scaramucci discussed the potential impact of the upcoming election on bitcoin's price. When asked about the scenario of either former President Donald Trump or Vice President Kamala Harris winning the presidency, Scaramucci stated that bitcoin's price is likely to rise irrespective of the election outcome.

However, he pointed out that Trump's approach could lead to a short-term boost for the cryptocurrency. “I actually think bitcoin’s going higher irrespective of whoever is the president. I think bitcoin in the short run would probably go a little bit higher with Trump because he’s perceived to be the deregulator of all the things that the Biden administration has done, he would get rid of,” the Skybridge founder opined.

He added that Harris has shown support for blockchain technology, but he is “indifferent as it relates to bitcoin specifically.”

During the interview, Scaramucci also reflected on his brief tenure in the Trump administration and indicated that he would be willing to provide crypto policy guidance to either candidate if asked.

Commenting on the possibility of Trump winning the presidency again, Scaramucci, who served as White House Communications Director for 11 days in 2017, stated, “If he does become the president, I would want to help in any way that I can because I know that would reduce and mitigate potential danger.” However, he emphasized that he has no intention of returning to government service. “I don’t want to go back into government. I've had my 11-day fill of government. I don’t need to go back into the government. But would I provide policy advice or would I be helpful? Sure, I'm already very helpful.”

Regarding the potential for a digital dollar under a Harris administration, Scaramucci sees possible risks. “Could she usher it in? It’s possible,” he noted. However, the Skybridge executive seems to prefer stablecoin regulation over a government-backed digital currency, emphasizing privacy concerns.

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