Former Trump insider Anthony Scaramucci warns that renewed U.S. tariffs may trigger a recession. He believes this could negatively affect the U.S. economy while enhancing Bitcoin’s allure as a safe haven. Scaramucci argues that global economies, especially in Europe, might also suffer but exhibit more resilience than the U.S.
In a recent exclusive interview with crypto.news, Anthony Scaramucci, founder of SkyBridge Capital and former White House Communications Director under Donald Trump, voiced concerns over the U.S. tariffs. He believes these tariffs could lead to a recession in the U.S, with potential benefits for Bitcoin due to its emerging status as an inflation hedge.
Scaramucci highlighted that we’re observing new trends, particularly in the way Bitcoin behaves in response to the market. Previously correlated with the NASDAQ, it’s now starting to trade more like gold, showing a significant decoupling from traditional markets. This change, he suggests, is influenced by substantial inflows into ETFs like those from BlackRock.
Discussing the broader impact of U.S. tariffs, Scaramucci pointed out that no economy can entirely decouple from the U.S. economy. Drawing from lessons of the last global financial crisis, he warned that if the U.S. enters a recession, global markets will likely follow suit.
Interestingly, he noted that European markets like the FTSE and DAX have seen relative strength compared to the U.S. market since the trade war escalated. This trend may indicate a shift where international investors seek more stability outside the U.S.
Meanwhile, countries like Germany and the UK are preparing for greater investment in defence industries, which could bolster their profitability amidst the uncertainty created by U.S. policies. The impact of Trump’s approach has led to a more unpredictable environment for capital markets, meaning Europe might see some positive shifts, even as overall, most economies will experience the fallout of any U.S. recession.
