Anthony Scaramucci Says Peter Schiff's Analysis on US Debt, Inflation Leads Him to Gold as Solution: 'I R

SkyBridge Capital founder Anthony Scaramucci agreed with Peter Schiff's concerns on Tuesday about soaring U.S. debt and inflation, but favored Bitcoin (CRYPTO: BTC) over gold as the solution.

Scaramucci Concerned Over US Financing Needs Scaramucci took to X to break down Schiff’s blog post on America’s fiscal outlook, highlighting elevated deficits and interest burdens.

Scaramucci said Schiff’s annualized government borrowing figures are overstated, though the real number—$2.5 trillion, by his count—is "still enormous outside a recession." The national debt has soared to $39.89 trillion, while the deficit has swelled to $1.366 trillion as of this writing.

The U.S. debt-to-GDP ratio was about 31% in 1980.

Today it is roughly 120%.