Scaramucci Favors Bitcoin Over Gold
Anthony Scaramucci agrees with Peter Schiff on US debt and inflation concerns, but prefers Bitcoin as a solution
SkyBridge Capital founder Anthony Scaramucci agreed with Peter Schiff’s concerns on Tuesday about soaring U.S. debt and inflation, but favored Bitcoin (CRYPTO: BTC) over gold as the solution.
Scaramucci Concerned Over US Financing Needs Scaramucci took to X to break down Schiff’s blog post on America’s fiscal outlook, highlighting elevated deficits and interest burdens.
Scaramucci said Schiff’s annualized government borrowing figures are overstated, though the real number—$2.5 trillion, by his count—is “still enormous outside a recession.” The national debt has soared to $39.89 trillion, while the deficit has swelled to $1.366 trillion as of this writing.
The U.S. debt-to-GDP ratio was about 31% in 1980.
Today it is roughly 120%.
Here’s what the data actually says.
The government borrowed $800B in three months.
Schiff annualizes that to $3.2T, which overstates it — roughly $300B went straight into the Treasury’s cash account, so real financing need is closer to $2.5T.
Still enormous outside a recession.… — Anthony Scaramucci (@Scaramucci) August 11, 2026 Agreement on Problems, but Not Solution Scaramucci then dissected Schiff’s conclusion that there is “no way out of this situation except through inflation,” and that whoever runs the Fed will keep the presses rolling.
He agreed on the macro problem, but not the solution. “He [Schiff] has written, in ten charts, the exact argument he’s spent a decade calling a fraud.
He just needs the answer to be gold,” Scaramucci said. “I read the same charts and reach a different asset.
Buy Bitcoin.” Read Also: Coinbase CEO Brian Armstrong Says ‘Crypto Doesn’t Get Enough Credit’ for Unlocking Global Financial Access With Stablecoins, DeFi and Bitcoin Two Different Narratives Schiff is a long-time gold bull, recognizing the yellow metal as a time—tested hedge against fiscal excess and inflation.
On the contrary, he views Bitcoin as a “highly speculative collectible digital token” that does not deserve to be placed in the same category as gold.
Scaramucci, meanwhile, sees Bitcoin as a scarce, inflation hedge, which is “part of the answer” in the evolving monetary system.
Notably, gold has outperformed Bitcoin over both the 1-year and 5-year periods.
Though in 2026, a year marked by the Iran conflict and heightened geopolitical tensions, the yellow metal has not been a particularly strong performer.
Asset YTD Gains +/- 1-Year Gains +/- 5-Year Gains +/- Bitcoin -28.21% -48% +38% Spot Gold -0.394989% +31% +149% Price Action: At the time of writing, BTC was exchanging hands at $63,679.67, down 0.48% over the last 24 hours, according to data Pro.
Read Also: Anthony Scaramucci Claps Back at Anti-Crypto Activist's Comments Linking Clarity Act Failure to Trump's 'Corruption' — 'Nothing Stops Bitcoin' Photo Courtesy: Al Teich on Shutterstock.com