Republican and Democratic supporters of Anthony Scaramucci’s Bitcoin reserve idea are growing. It wants to buy 500,000 BTC. Anthony Scaramucci, founder of SkyBridge Capital and author of The Little Book of Bitcoin, thinks the US government may buy up to 500,000 Bitcoins to create a strategic reserve. Scaramucci acknowledged increased Democratic and Republican support for the idea in an interview with Ryan Sean Adams on the Bankless Podcast, despite concerns about currency stability.
Bipartisan Bitcoin Buys
Scaramucci discussed the sentiment of the US Senate toward the government’s Bitcoin purchase. He stated Senators Hagerty and McCormack favour the plan and anticipated that the acquisition could cost 400,000 to 500,000 BTC. Bitcoin Reserve Proposal in 2025, Despite initial concerns, he noted that even suspicious Senator Elizabeth Warren faced opposition from younger, pro-Bitcoin senators. Representative Ro Khanna was opposed.
Scaramucci sought Senate support for Cynthia Lummis’ Bitcoin revolution. The people vote. Hagerty desires. He said McCormack wanted it. Senate may authorize government Bitcoin purchases. Thinking.” Lummis and Scaramucci suggest 1 million BTC. “They won’t sell 200,000 BTC—they’ll buy 400,000 or 500,000 Bitcoin over time,” he says. He suggested Trump will lobby Senate Banking. Scott seeks Senate Banking Chair. Despite Warren and Brown’s opposition, Scaramucci suggests bipartisan support for pro-BTC and Crypto legislation.
Bitcoin Scaramucci’s Plan
Scaramucci stated that Democrats backed SAB 121. The dispersion showed bipartisanship. Ryan and Democrats under 60 backed it. Sherrod Brown and the elderly Elizabeth Warren declined the proposal. CA Khanna Row Democrats may advocate Bitcoin strategic reserves. Scaramucci claimed younger MPs saw Bitcoin as “digital gold,” making them more receptive to government action. Scaramucci compares Bitcoin to strategic gold reserves. The US has $600 billion in gold.
He believed purchasing BTC—even selling gold reserves—would boost the US economy in the digital era. Bitcoin Reserve Proposal in 2025, Given that the Fed possesses $600 billion in gold and Bitcoin is digital gold, why not put aside $750 million to $1 billion? Bitcoin owner Scaramucci thinks this strategy is possible if China or other major governments embrace Bitcoin rapidly.
He estimated 400,000–500,000 BTC will cost $70–80 billion, or 1–1.5% of a $6 trillion federal budget, or 30 basis points over five years . Could the US establish a smart Bitcoin reserve? Scaramucci agreed. There could be three potential explanations for this. It’s most definitely digital gold. Kids will out-tech me. China may purchase Bitcoin. Opponents say a large US Strategic Bitcoin Reserve would damage the credibility and backing of the dollar.
Bitcoin Reserve Threat in China
The “digital gold” potential of Bitcoin, according to Scaramucci, might supplement the United States’ gold holdings. One possible way to modernize and diversify an investment portfolio is to put $600 billion worth of gold into Bitcoin. Although it would only consume a small fraction of the national budget, he thinks that buying 400,000-500,000 BTC, or $70-80 billion, may stimulate the US economy.
Scaramucci’s approach also takes global cryptocurrency rivalry into account. Increasing China’s Bitcoin reserves, he warned, might provide the country a strategic advantage. According to Scaramucci, the United States might ensure its economic future and boost the dollar’s reputation abroad by investing in Bitcoin. This forward-thinking strategy can ensure that the United States can keep up its digital competitiveness.
Summary
Anthony Scaramucci, SkyBridge Capital’s founder, wants the US government to buy up to 500,000 BTC to create a Bitcoin strategic reserve. Democrats and Republicans favour this proposal. Scaramucci thinks allocating some of the US’s $600 billion gold holdings to Bitcoin may boost the economy and give the US an edge in the digital arena. Even if the US dollar may suffer. The necessity to stay ahead of China, which may gain a geopolitical advantage by increasing its Bitcoin holdings, is another priority. Scaramucci thinks adding Bitcoin to the nation’s reserves could boost its finances.
