According to SkyBridge’s Scaramucci, the United States could pursue the acquisition of 500,000 Bitcoin as part of a strategic reserve initiative.
Anthony Scaramucci, co-founder of SkyBridge, has suggested that the US could allocate resources to acquire 500,000 Bitcoin. Notably, President-elect Donald Trump supports the 1 million Bitcoin reserve initiative proposed by Senator Cynthia Lummis.
In one interview On the Bankless podcast, Scaramucci added to the discussion and suggested that the US could purchase an additional 500,000 BTC for the reserve initiative.
He highlighted the role of influential lawmakers, particularly Sen. Tim Scott, who will soon take over as chairman of the Senate Banking Committee. Scott is expected to use his position to advance the proposal in Congress.
However, this plan is not only supported by Republican leaders. The bipartisan support for cryptocurrency-related legislation, as reflected in the passage of SAB 121, suggests growing interest among lawmakers on the other side. Notably, younger Democrats have shown openness to adopting Bitcoin as a strategic asset, contrary to skepticism from more traditional voices in the party.
Bitcoin’s role as digital gold
Bitcoin’s positioning as “digital gold“was a focus of this discussion. Scaramucci emphasized that the US already has significant gold reserves worth over $600 billion.
According to interviewer and Bankless co-founder Ryan Sean Adams, the inclusion of Bitcoin, perhaps by redistributing some of those gold reserves, could be “wild.”
The global context surrounding this proposal adds additional urgency to the conversation. Scaramucci…
