Scaramucci warns tariffs could trigger recession, boost Bitcoin and Europe
The post Scaramucci warns tariffs could trigger recession, boost Bitcoin and Europe appeared on BitcoinEthereumNews.com. Former Trump insider Anthony Scaramucci warns that U.S. tariffs on major trading partners could hurt the economy but benefit Bitcoin. Fears over the effects of U.S. tariffs are still rocking the markets, with traders predicting a potential recession. One of them is Anthony Scaramucci, founder of SkyBridge Capital and former White House Communications Director under Donald Trump. In an interview with the investment platform Saxo, shared exclusively with crypto.news, Scaramucci explained the effects that tariffs could have on the U.S. and other economies, as well as Bitcoin. crypto.news: The Trump administration’s tariffs are igniting fears of a recession. Bitcoin is seen both as a hedge against inflation and a risk asset. Which narrative will prevail in the case of a recession? Anthony Scaramucci : So this is a really good question, and so the short answer is yes, it will prevail. And the longer answer is, we only have, I would say, we only have three or four weeks of data where all of a sudden Bitcoin, which was tied to the MAG7 and tied to the NASDAQ, boom, drops. Every time the NASDAQ went down or there was risk off, we’re finally seeing this non-correlation where it’s trading a little bit like Gold, which is outperforming, but it’s trading a little bit like gold in the last three weeks. And I think this is a direct result of the Wall Street sales machine. I think you have an enormous amount of inflows taking place in the BlackRock ETF and other ETFs. CN: If U.S. tariffs take effect once again, which economies will be the most impacted? Will the U.S. take the brunt of the damage, or will Europe and China be the bigger losers? AS: Unfortunately for the world, there’s no decoupling. We learned this in the global financial…
The post Scaramucci warns tariffs could trigger recession, boost Bitcoin and Europe appeared on BitcoinEthereumNews.com.
Former Trump insider Anthony Scaramucci warns that U.S. tariffs on major trading partners could hurt the economy but benefit Bitcoin. Fears over the effects of U.S. tariffs are still rocking the markets, with traders predicting a potential recession. One of them is Anthony Scaramucci, founder of SkyBridge Capital and former White House Communications Director under Donald Trump. In an interview with the investment platform Saxo, shared exclusively with crypto.news, Scaramucci explained the effects that tariffs could have on the U.S. and other economies, as well as Bitcoin. crypto.news: The Trump administration’s tariffs are igniting fears of a recession. Bitcoin is seen both as a hedge against inflation and a risk asset. Which narrative will prevail in the case of a recession? Anthony Scaramucci : So this is a really good question, and so the short answer is yes, it will prevail. And the longer answer is, we only have, I would say, we only have three or four weeks of data where all of a sudden Bitcoin, which was tied to the MAG7 and tied to the NASDAQ, boom, drops. Every time the NASDAQ went down or there was risk off, we’re finally seeing this non-correlation where it’s trading a little bit like Gold, which is outperforming, but it’s trading a little bit like gold in the last three weeks. And I think this is a direct result of the Wall Street sales machine. I think you have an enormous amount of inflows taking place in the BlackRock ETF and other ETFs. CN: If U.S. tariffs take effect once again, which economies will be the most impacted? Will the U.S. take the brunt of the damage, or will Europe and China be the bigger losers? AS: Unfortunately for the world, there’s no decoupling. We learned this in the global financial…
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