EXCLUSIVE: Anthony Scaramucci Warns Donald Trump's Crypto Promises May Be A 'Mirage'

SkyBridge Capital founder Anthony Scaramucci on Monday cast doubt on the crypto industry’s high hopes for President Donald Trump, suggesting his promises of regulatory relief may be a “mirage.”

What Happened: “Sometimes in the desert, when you see the oasis, there could be a mirage,” Scaramucci said, suggesting that the initial optimism in the cryptocurrency industry over a change of course from the Biden administration may not be fulfilled.

Scaramucci pointed to several factors supporting his view.

He highlighted Trump's launch of the Trump TRUMP/USD meme coin shortly before assuming the presidency, which signals a lack of focus on the industry’s needs.

The Danger of Trump Tariffs

Scaramucci expressed concern over the president’s “capricious” moves on trade, particularly the imposition of substantial tariffs on Canada, Mexico and China without any clear conditions or context. ‘

This uncertainty, he argued, is deeply unsettling for markets, which thrive on predictability and stability.

“Markets hate lack of predictability. Markets hate uncertainty. Markets love tranquility,” he said, adding that the president's decisions have created an environment of unease.

Scaramucci also noted that markets are wary of Trump’s complete control over the government.

“He has the House, the Senate, the Supreme Court and the presidency,” which, according to Scaramucci, makes it difficult to predict his next moves, creating market nervousness.

He noted how Trump is constantly breaking norms, which shocks the American system.

Scaramucci criticized the widespread surprise about Trump’s recent actions, stating, “It surprises me that people are surprised.”

He pointed out that Trump’s behavior over the past four years has clearly indicated a pattern of transactional decision-making, including flip-flopping on policies based on his own self-interest.

“You get everything with him. You get the trade wars, you get the flip-flopping.”

He cited examples such as his stance on TikTok and Bitcoin BTC/USD, which have shifted dramatically depending on the situation and who is funding him.

Also Read: Grayscale Seeks SEC Approval To Convert XRP Trust Into Exchange-Traded Fund

The Future of Crypto Under Trump

Despite these concerns, Scaramucci believes that the crypto industry will ultimately receive the positive legislation it seeks.

He anticipates this occurring before February or March of next year, noting that “the Democrats are scared now,” because they lost seats in congress due to crypto, likely forcing them to concede.

However, this regulatory clarity, according to Scaramucci, is not likely due to any sudden shift in Trump's support, but rather a consequence of the Democrats trying to avoid past mistakes.

Scaramucci predicts that Bitcoin will continue to grow, forecasting a price above $200,000 within the next three years, given institutional demand.

Scaramucci further said, the crypto industry will not miss former SEC chair Gary Gensler, who he described as an “unmitigated disaster.”

Instead, he anticipates the industry will find Trump’s actions frustrating, due to his irrational and unpredictable behavior.

Regarding the tech sell-off due to DeepSeek, Scaramucci argued that the market reaction was exaggerated and that the AI narrative remains intact.

He also noted the U.S. government reporting that China was using middlemen in Singapore to obtain chips restricted from them.

He believes these companies will have much higher prices in a year's time.

Reiterating his concerns about Trump's approach to international relations, Scaramucci said that these methods could result in less predictable outcomes.

He stated that Trump's actions are causing the Russians and the Chinese to unite due to the uncertainty inflicted on them by the West. He believes Trump’s goals can be achieved without this kind of drama.

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