Anthony Scaramucci, SkyBridge Capital’s founder and a well-known voice in financial circles, has a bold perspective on the U.S. debt landscape and Bitcoin’s potential trajectory.
As the nation heads toward a pivotal election on Nov. 5, discussions around debt sustainability and economic strategies have intensified. The U.S. budget deficit for the fiscal year ending Sept. 30 has expanded by 8% to $1.833 trillion – ranking as the third-largest in its history.
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This has stoked fears of technical defaults and another debt ceiling impasse. Despite these ominous signals, Scaramucci exudes confidence in America’s ability to sidestep a full-blown debt crisis by adopting a somewhat unconventional path: allowing inflation to inch upward.
“There’s a lot of people who think that the U.S. is about to enter into this tremendous debt crisis. And I believe …
Full story available on Benzinga.com