Gold Boom Isn’t About Dollar Collapse, Says Anthony Scaramucci
While most investors are rushing to blame inflation and monetary decay for gold’s latest surge, Anthony Scaramucci isn’t buying the “debasement” story.
The SkyBridge Capital founder believes the real reason behind gold’s rise is far simpler: global uncertainty and trade anxiety.
In a recent interview with CNBC, Scaramucci said the precious metal’s momentum reflects investors bracing for turbulence in world trade, not a rejection of the U.S. dollar. “Gold’s reaction this time isn’t about panic or runaway inflation,” he suggested. “It’s behaving like a hedge against unpredictable politics, not failed policy.”
Dollar Dominance “Unshakable”
While many in the crypto space view the dollar’s decline as inevitable – with Bitcoin often hailed as its successor – Scaramucci offered a starkly different outlook. He argued that the dollar will continue to dominate international markets for decades.
“It’s going to be nearly impossible to dethrone,” he said, adding that the growing popularity of dollar-pegged stablecoins will likely reinforce, not weaken, the greenback’s status. According to him, stablecoins effectively digitize U.S. influence, extending its reach into the blockchain economy rather than eroding it.
That position mirrors recent comments from Treasury Secretary Scott Bessent, who also described the digital dollar ecosystem as a modern amplifier of American monetary power.
A Challenge to the “Debasement Trade” Crowd
The idea that investors are buying gold because the dollar is doomed has dominated financial commentary for months. Billionaire hedge fund manager Ken Griffin recently claimed the “debasement trade” was driving bullion to new record highs. Scaramucci, however, says that interpretation misses the mark.
“People are overestimating the dollar’s fragility,” he noted. “We’ve had far rougher patches in the global economy where gold barely moved – today’s rally is about nerves, not collapse.”
His remarks draw a clear line between crypto’s doomsday narratives and his own, more measured perspective. For Scaramucci, Bitcoin remains a valuable long-term asset, but not because the U.S. currency is in decline. In his view, markets are reacting to short-term uncertainty, not the beginning of a monetary reset.
The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.
Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
