Scaramucci Warns US Tariffs Could Trigger Recession and Drive Bitcoin as Safe Haven Asset, with Capital Shifting to Europe
Anthony Scaramucci, founder of SkyBridge Capital and former White House Communications Director, has issued a warning that renewed US tariffs on major trading partners could escalate economic tensions and potentially push the US into recession. While earlier analysis focused on possible Chinese retaliation through currency manipulation and treasury sell-offs, the latest developments highlight a shift in global capital flows. Scaramucci observes that European stock indices like the FTSE and DAX have outperformed US benchmarks since trade frictions began, indicating overseas capital may be moving away from US assets. For crypto traders, the implications are significant: Bitcoin is increasingly seen as a ’safe haven’ investment, similar to gold, especially during periods of economic uncertainty. Scaramucci points to increased institutional inflows into Bitcoin ETFs as evidence of rising trust in cryptocurrency as an inflation hedge and non-correlated asset. If recession fears continue, this trend is expected to strengthen, creating potential new opportunities in Bitcoin and selected European markets, even as broader global market volatility persists. Key factors to monitor include US tariff policies, Bitcoin’s role amid inflation, institutional ETF investments, and shifts in global market confidence.
Bullish
Renewed US tariffs and heightened trade tensions may lead to global market volatility and economic slowdown, prompting investors to seek alternative safe haven assets. As Scaramucci highlights, capital outflows from US equities are increasingly shifting into European markets and Bitcoin, which is being positioned as an inflation hedge and safe haven similar to gold. Increased institutional inflows into Bitcoin ETFs signal growing confidence, and this trend could accelerate if fears of recession persist. Historically, Bitcoin has benefited during periods of financial instability as traders diversify away from traditional markets. Short-term, this supports positive sentiment and inflows for Bitcoin; long-term, continued ETF adoption and Bitcoin’s role as a non-correlated asset could further solidify its price resilience.