Latest news with #AnthonyScaramucci
CNBC
2 hours ago
- Business
- CNBC
We maintain our $180k-$200k bitcoin price target by year-end, says SkyBridge's Anthony Scaramucci
Anthony Scaramucci, SkyBridge Capital founder and managing partner, joins 'Squawk Box' to discuss this week's Wyoming Blockchain Symposium, who the next Fed chair should be, state of bitcoin, his thoughts on stablecoins, and more.
Wall Street Journal
7 days ago
- Politics
- Wall Street Journal
Trump's Drive-By Summit With Putin
'I'm a total act,' Donald Trump supposedly said to Anthony Scaramucci, 'and I don't understand why people don't get it.' They do, and all understand that this week's Putin summit is meant somehow to serve Mr. Trump's benefit, cutting his Ukraine risks even if it doesn't deliver the expected Korea-style armistice, though we can always hope.
Yahoo
7 days ago
- Business
- Yahoo
Anthony Scaramucci Says Wall Street Fooling Itself On Trump Leaving In 2028: Who Builds A $200 Million Ballroom And 'Moves Out' In 3.5 Years
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Anthony Scaramucci, former White House Communications Director, has challenged Wall Street's assumption that President Donald Trump will leave office in three and a half years and warned that the full impact of his tariffs is yet to come. Scaramucci Criticizes Wall Street's Optimism Over Trump's Exit In a video posted over the weekend, Scaramucci expressed concern that Wall Street is complacent, believing Trump's time in office is limited. He highlighted the President's $200 million White House ballroom renovation project, questioning the belief that Trump will leave in 3.5 years. Trending: The same firms that backed Uber, Venmo and eBay are investing in this pre-IPO company disrupting a $1.8T market — "Do you know anybody who builds a $200 million ballroom onto their house and moves out in three and a half years?" Scaramucci said. "The guy's making expansive renovations to the White House. Doesn't smell like a guy that wants to leave anytime soon." Scaramucci continued, suggesting that Trump's presidency is far from over, pointing to the expanding renovations and a growing "personality cult" around him. He cautioned Wall Street that a "cleanup" of Trump's policies will be needed but is unlikely to happen quickly. The challenge, he warned, will be economic, particularly due to the ongoing trade war and the implementation of tariffs. The White House did not immediately respond to Benzinga's request for comments. Trump Rules Out Third Term In a May interview with NBC News, Trump said he does not plan to seek a third term, confirming that his presidency would conclude after the 2028 election. Trump cited constitutional limits on presidential terms and said he intends to "pass the torch" to another Republican. While noting past speculation — including the sale of red "Trump 2028" hats — Trump dismissed the idea of another run, saying his focus is on "four great years" before handing over the reins "to somebody, ideally a great Republican." He named Vice President JD Vance and Secretary of State Marco Rubio as strong contenders but refrained from making any endorsements, calling it "far too early" to Real Tariff Pain Hasn't Hit Yet Turning to the impact of Trump's tariffs, Scaramucci stressed that Wall Street is ignoring the true economic consequences of the administration's protectionist policies. While some have said that the tariffs haven't yet led to a recession, Scaramucci argued that the real effects are still to come. He pointed out that many economists are beginning to notice a slowdown in capital allocation decisions, with tariffs starting to hurt U.S. businesses. 'So the MAGA narrative is 'ho ho still got a strong economy despite our tariffs,' but the real narrative should be, 'No, the tariffs haven't fully kicked in yet,'' he stated in the Inflation And Economic Pressures The effects of the tariffs are already starting to show in inflation, with core inflation set to rise in the coming months. Economists forecast the Consumer Price Index (CPI) to increase by 0.2% month-over-month in July, largely driven by higher import duties. U.S. businesses have been absorbing most of the costs, but this burden is expected to shift to consumers. Goldman Sachs economist Elsie Peng predicts that by October, U.S. consumers will shoulder 67% of the tariff costs, up from 22% currently. Read Next: 'Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. You can invest today for just $0.30/share. If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends would you invest in it? Photo Courtesy: Al Teich On This article Anthony Scaramucci Says Wall Street Fooling Itself On Trump Leaving In 2028: Who Builds A $200 Million Ballroom And 'Moves Out' In 3.5 Years originally appeared on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
10-08-2025
- Business
- Yahoo
Anthony Scaramucci Thinks This 'Ethereum Killer' Network's Moment Is Coming — Here Is Why
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. SkyBridge Capital founder and leading cryptocurrency advocate Anthony Scaramucci endorsed the Avalanche (CRYPTO: AVAX) network on Wednesday, suggesting it is on the verge of significant growth. Scaramucci Sees Potential In Avalanche Scaramucci stated in an X post, 'Avalanche has been building and its moment is coming,' indicating his firm support for the Layer-1 blockchain. John Nahas, Chief Business Officer at Ava Labs, Avalanche's lead developer, responded to the post with a saluting emoji. Trending: The same firms that backed Uber, Venmo and eBay are investing in this pre-IPO company disrupting a $1.8T market — Scaramucci cited a video from the Tokenized Asset Coalition in which Nahas discusses the concept of 'purpose-built chains' for specific use cases. Nahas highlighted how Avalanche is moving away from piling everything into single chains, instead focusing on the idea of "Your business, your blockchain."Avalanche Vying To Be The DeFi Leader Launched in 2020, Avalanche aims to provide a scalable and secure infrastructure for decentralized applications and smart contracts. It was dubbed an 'Ethereum Killer' in its early days, although Ethereum has grown to be far larger in market value and decentralized finance. One of Avalanche's key features is Subnets, which are interoperable networks within the ecosystem that can be tailored to specific use cases Scaramucci revealed previously that AVAX is part of his cryptocurrency portfolio and among the "high-quality, great core assets' in the long term. Read Next: 'Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. You can invest today for just $0.30/share. If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends would you invest in it? Image via Shutterstock This article Anthony Scaramucci Thinks This 'Ethereum Killer' Network's Moment Is Coming — Here Is Why originally appeared on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
30-07-2025
- Business
- Yahoo
Anthony Scaramucci Says It'll Be A 'Big Deal' If Jamie Dimon-Led JPMorgan Allows Lending Against Bitcoin
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Anthony Scaramucci, the founder of SkyBridge Capital, said Monday that JPMorgan Chase & Co.'s (NYSE:JPM) reported plan to allow clients to borrow against their Bitcoin (CRYPTO: BTC) holdings has the potential to change the financial dynamics of the leading cryptocurrency. What Happened: In an X post, Scaramucci described the banking behemoth's reported plans to offer loans backed by Bitcoin as a 'big deal.' He said the current Bitcoin market hasn't been fully tapped for traditional financial mechanisms such as loans. 'Imagine how much houses would be worth in a world with no mortgages. That's the reality we've been living in with Bitcoin, but that's about to change,' Scaramucci stated. Trending: Be part of the breakthrough that could replace plastic as we know it— Scaramucci also highlighted the potential for large holders to swap Bitcoin for exchange-traded fund shares without realizing capital gains tax, should the SEC approve in-kind creation and Andrew Feinberg questioned Scaramucci's argument, suggesting that this benefits wealthy early adopters and rich whales more than average investors who lack liquidity to invest in Bitcoin. Another X user, Mr. Yo, reminded everyone about the 2008 housing crisis, suggesting that leveraging Bitcoin could create a new It Matters: JP Morgan is reportedly preparing to offer loans backed by cryptocurrencies such as Bitcoin and Ethereum (CRYPTO: ETH), although official announcements have yet to be made. This initiative could begin as early as next year, but details remain under review and subject to change. Notably, CEO Jamie Dimon has been a vocal critic of Bitcoin, labeling the asset a 'fraud.' Despite this criticism, he has indicated support for client liberty in digital asset investing. Read Next: $100k+ in investable assets? Match with a fiduciary advisor for free to learn how you can maximize your retirement and save on taxes – no cost, no obligation. If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends would you invest in it? Anthony Scaramucci | Photo courtesy: Al Teich / This article Anthony Scaramucci Says It'll Be A 'Big Deal' If Jamie Dimon-Led JPMorgan Allows Lending Against Bitcoin originally appeared on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
