Scaramucci: Strategic Bitcoin Reserve Will Strengthen the U.S. Economy

American investor Anthony Scaramucci has doubled down on his belief in a U.S. Strategic Bitcoin Reserve, emphasizing that it’s not about boosting Bitcoin but rather benefiting the nation. Taking to X (formerly Twitter), he argued that Bitcoin should be seen as a long-term strategic asset, likening the reserve to a modern-day Fort Knox.

Despite this bold vision, Bitcoin’s price has struggled post-announcement, leading to mixed reactions within the crypto community. Scaramucci acknowledged the high expectations surrounding the reserve, noting that while the government’s initiative is significant, it has yet to provide a major market catalyst.

Currently, the reserve will only include forfeited Bitcoin the government already holds, without any new acquisitions. However, Scaramucci hinted at a potential shift, suggesting that the U.S. could sell off other seized assets and reinvest in Bitcoin to bolster its holdings.

His comments echo the views of MicroStrategy’s Michael Saylor, who previously proposed that the U.S. swap gold reserves for Bitcoin, citing its potential geopolitical advantages.

As Bitcoin’s role in the global financial landscape expands, Scaramucci remains confident in its strategic value, predicting that it will ultimately prove beneficial for the U.S. economy in the long run.