The Market Runup Scaramucci: Why Bitcoin Will Hit $1M (But the Dollar Needs Value)
Mar 22, 2026
Anthony Scaramucci, founder of SkyBridge Capital and former White House communications director, outlines big macro risks and why Bitcoin matters. He links energy shocks, rising oil, and dollar reserve worries to crypto demand. He compares Bitcoin’s generational adoption to the web and projects long-term institutional and sovereign interest. Short, provocative, and forward-looking.
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Energy Attacks Threaten Dollar Reserve Status
- Geopolitical energy attacks are raising oil and inflation risks that threaten the dollar's reserve role.
- Scaramucci cites Qatar LNG damage, Strait of Hormuz closures, and crude jumping from $55 to $116 as drivers pushing sovereigns to diversify into gold and non‑US assets.
Fed Uncertainty Raises Stagflation And Capital Flight Risk
- The Fed's mixed messaging and a hotter PPI point toward stagflation risk, limiting rate‑cut expectations.
- Scaramucci notes the Fed signalled maybe one cut and Powell called the outlook uncertain, creating capital flight abroad.
Bitcoin Still Tied To Macro Until Regulatory Clarity
- Bitcoin remains correlated to equities and macro events until full regulatory clarity and bank custody integration arrive.
- He points to a 0.55 30‑day correlation with the S&P and says decoupling needs the Genius/Clarity Acts and bank custody options.
