"BTC SMASHES $66K! My NEXT Target Is ABSOLUTELY MASSIVE!" - Anthony Scaramucci

Let's say nothing changes. Let's say that the government never accepts it. The Clarity Act never passed. We're going to have an antiquated transactional non-tokenized system because the old, the gerontocracy has won. Okay, let's say that that's the case. Okay. And I'll accept that. Let's say that that's the case. Okay. So then this will be half the market capitalization of gold. Tell me what gold is in 10 years. I'll tell you that's where gold's 50 trillion. Bitcoin will have a 25 trillion-dollar market cap. And if you bought it here at a trillion, you're going to go 25 to one on it.

Well, we had a growing economy. Most things were moving gradually upward and inflation was moving gradually downward. And then Donald Trump came into office about 18 to 90 months ago and kicked over the economic progress by putting the tariffs on. And then he added the forever war in Iraq. And so, combination of those two things have upset the apple cart. And so, now we have the specter of near-term inflation, which has created some uncertainty. We have specter of energy supply depletion, which is again long-term uncertainty. But generally, things are trending well because you've got productivity gains, capital spend in AI, and you've got banks printing profits and things like that. We're in a full-on bull market. If you want to dial it specifically into crypto, you know, the crypto bear market started in October of 2025. It's, you know, it was a shallow bull market by crypto perspective and by Bitcoin's perspective. And it's been thus far a shallow bear market. So, if you're telling me we're going to go peak to trough down 50, and then we bottomed, and that's a pretty shallow bear market. You know, should go down another 25, possibly 30% to really complete a full bear market. But, you know, again, that's the macro. How does it resolve itself? That's the real question. And so, uh, you know, we'll know on clarity, you know, I guess by the end of the summer if the Clarity Act doesn't pass or it fails in the Senate and again, definitionally it needs filibuster approved 60 votes. It doesn't have that. Um, you know, guys like Mike Novogratz think they're going to get there. Maybe, you know, but then the president has to accept certain guardrails on his family and himself and he doesn't want to do that 'cause he really likes to make money more than he likes running the presidency. So, that's where we are right now. But I'm in the Lyn Alden camp where Bitcoin doesn't need a narrative. I mean, Bitcoin has its own narrative, one of the greatest pieces of technology ever invented. And Bitcoin will be with us long after you and I are gone and, you know, nothing ever stops this train of ridiculous spending and fiat currency printing, and that's going to continue, and Bitcoin will be with us, and people of your ilk will own Bitcoin long after I'm gone. You're in a 4-year cycle and Bitcoin is basically, how can I say this? It has been buffered by the ETF transactional activity. It's been buffered by some retail spend. It's been buffered by some institutional buying on the margin. Offset against that, there's been massive whale selling into what I think is the $100,000 number. Guys said, 'Hey, if Bitcoin ever gets to 100,000, I'm unloading a big good piece of my bag into that.' And so, you're in that transition. So, now as supply tightens up, as you get to the back half of the halving cycle, I do think you go back on offense and I do think you'll see, you know, Bitcoin retrace through its all-time high, and that's a position like the acting CEO Richard Teng of Binance believes that. It's interesting, CZ and I have talked about this. I mean, he sees a super cycle coming. He sees Bitcoin going pretty quickly to 750. You know what I mean?

I don't see it, you know, because in the absence of that, intellectually, what's going on in AI. And so, remember, if you said to me, 'Okay, we're going to get clarity and the Clarity Act passed in 2025, there's no Trump meme coins blowing up $4 billion worth of capital where the president and his family's earning 700 million of it,' I'm saying, 'Okay, yeah, Bitcoin's probably 100,000 to 125,000 right now and it wouldn't have overly corrected into the four-year cycle.' But you know, it is where it's always meant. It doesn't have the governmental sponsorship yet. Yes, does it have an ETF approved? Sure, but there's no clarity. You know, the definition of the legislation is clarity. And again, for viewers and listeners outside the United States, right now, the regulation is the administrator writing the rule as opposed to the legislator. Why is that important? Because when the administrator changes, he erases the rules that the prior administrator wrote and he writes new ones. If it comes from the legislature, then they don't have a lot of room. You know, these are the guidelines from the legislature. This is the room. This is the window. You see what I mean? So, we don't have that yet. And then maybe we get that, but I'm not an optimist on that. So, if you said to me, 'Gun to my head, is Clarity going to get passed?' I'm going to say no, because you need the 60 votes, and there's a lot of Democrats that won't vote for it because they hate Trump. So, you won't get it passed. And then if you don't get it passed, then this is out 5 years, because Congress is not formulated, won't be architected in the way that you need to get something like this passed. So, it's either now or never for the next 4 or 5 years. And, by the way, I'm not a pessimist. But I'm just telling you that this is how it goes down in America. The country's not ready for this from a governmental perspective. They showed some leniency when Trump won in '24, but the country's really not ready for it. You know, when Jamie Dimon has a hatchet out, and he's trying to impale the forehead of the founder and CEO of Coinbase, Brian Armstrong, trying to hit him over the head and split his forehead with the hatchet, he represents that bell curve regulator inside the government.

Yeah, I mean, it's shitty for altcoins. Yeah, look, if clarity passes, you'll see a rally in Ripple, you'll see a rally in Solana. You know, I sort of feel like Ethereum and Bitcoin are on their own path. If you look at tokenization, Ethereum has gotten most of the market share. If you look at the users, it's Ethereum and Solana. So, to me Ethereum and Solana, they've got their own paths, no matter what the government does, they'll be around and fairly vibrant. Bitcoin, I think, has won the intellectual debate as a digital store of value irrespective of where the government's going to go on it. I just think that again, these are my opinions. If it gets passed, then you're going to see the age of tokenization. But remember, you have this thing called Hyperliquid. You have perpetual futures. You had an announcement by the Nasdaq, and you had an announcement by Kraken that they were merging, and they're going to do overnight trading 24/7 of the markets, and there was going to be tokenization. And then Terry Duffy came in from the CME and said, 'F that, we don't like that.' And he's got a lot of muscle and a lot of force, and he blocked and stalled the perpetual futures market. You know, again, very reminiscent of what happened with Uber. And just remind everybody no government official wanted Uber, no city hall person wanted Uber, no taxi licensing official in any major city wanted Uber, and so they did everything they could to block Uber, but you know who wanted Uber? The people. The people wanted Uber, and so the people won out and Uber won its ability to operate in all those major cities, including London, by the way, where it was unbelievable, Alessandro, unbelievable resistance in London. So, the real question is now are there enough people that want Bitcoin? The people wanted Uber, the people have spoken, they got Uber, and are there enough people that want Bitcoin? And so I think that answer is maybe. I don't think it's definitely, I think it's a maybe.

And by the way, if you told me it was as ubiquitous as Uber, these politicians would have been steamrolled by now. You know, they got scared in 2024 when Moreno beat Sherrod Brown. $240 million went into the different elections. Trump got a couple hundred million dollars from the crypto bros to beat Kamala Harris, and people said, 'Okay, on the margin, if I was a political consultant, but I'm not, but let's say I'm playing one on your podcast, I would tell the people that are against crypto to relax.' You know, there's no non-crypto, there's no anti-crypto voter. You know, when Elizabeth Warren says, 'I'm building an army of anti-crypto voters,' there's no army. It's her and Bernie Sanders.

Yeah, not necessarily the end value. You can maybe put a figure on it if you like, but how interwoven into society is it at that point? Once it actually fulfills the prophecy of it? I think it takes a decade. I think that people that are 30 right now have to be 40. And I say when they go from 30 to 40, they will be in positions of power and positions of ability to allocate. And as a result, the older people, the 70-year-old right now that absolutely hates Bitcoin will be in retirement at age 80 most likely. And so some of that incremental money that would go into gold is going to go into Bitcoin. Let's say nothing changes. Let's say that the government never accepts it. The Clarity Act never passed. We're going to have an antiquated transactional non-tokenized system because the old, the gerontocracy has won. Okay, let's say that that's the case. Okay. And I'll accept that. Let's say that that's the case. Okay. So then this will be half the market capitalization of gold. Tell me where gold is in 10 years, I'll tell you that gold's 50 trillion, Bitcoin will have a 25 trillion-dollar market cap. And if you bought it here at a trillion, you're going to go 25 to one on it, and it'll be a very healthy position. You know, it'll be a million, million and a half dollars or something like that. And people say, 'Well, why is it that?' Well, look at the inflation numbers and look at the rampant spending. Alessandro, there's going to be an American president in 15 years that's staring down the barrel of a 55 trillion-dollar budget deficit. You just look at the math. I mean, it's just a runaway train. And so if you're telling me that that's going to happen, Bitcoin's going to have a role. If I'm wrong, I'm wrong by being too conservative. I'm saying half the market capitalization of gold in 10 years. If you get the Clarity Act passed, you start the tokenization process, you mentioned AI. If you get full agentic AI, they're not going to let the AI open bank accounts. So, the AI is going to start with cryptocurrency. The AI is going to say, 'Alessandro, I just paid your dry cleaning bill with XYZ Satoshis.' Or, 'Alessandro, you wanted to rent that car, the robotic car is coming over to your driveway tonight at 1:00 in the morning, paid for by Bitcoin that was in my Bitcoin ledger that I wired over to the AI that was operating the Hertz rental car kiosk.' You know, and that's what's going to happen. I mean, you can't sit there and look at the situation and say, 'Wait a minute, I'm a huge believer in AI, and I'm a huge disbeliever in Bitcoin.' You can't do that. They're conjoined.