Scaramucci’s Take on Strategic Bitcoin Reserve

American financier Anthony Scaramucci recently shared his insights regarding the newly announced United States Strategic Bitcoin Reserve, asserting that it will ultimately benefit the U.S. rather than Bitcoin itself.

> “We believe in a United States Strategic Bitcoin Reserve not because it will help Bitcoin, but because it will help the United States,” he stated on the X social media platform.

In November, Scaramucci characterized the reserve as potentially being “the next Fort Knox.” During a recent appearance on CNBC, he emphasized Bitcoin’s value as a long-term strategic asset.

Despite the establishment of the reserve, Bitcoin’s price has not performed well. Scaramucci noted, “If you read through the executive order, there is a lot of meat in there for Bitcoiners.” However, he admitted that expectations among the Bitcoin community were “very high,” possibly leading to disappointment over the announcement, despite its significance highlighted by industry leaders.

Currently, the reserve will only include forfeited coins already owned by the government, which means there will be no immediate increase in holdings. Nonetheless, the government may explore ways to expand its reserves.

Scaramucci suggested that the government could sell off other forfeited assets and convert them into Bitcoin.

Notably, Strategy co-founder Michael Saylor has proposed that the U.S. should consider selling its gold reserves in favor of Bitcoin for geopolitical advantages.