The global economy is on edge once again — and former White House insider Anthony Scaramucci has a bold prediction about what comes next.
Tariffs: A double-edged sword
In an exclusive interview with Saxo, shared by crypto.news, Scaramucci warned that President Trump’s aggressive new tariff strategy could backfire badly on the U.S. economy.
Scaramucci, the founder of SkyBridge Capital and Trump’s former Communications Director, argued that while tariffs aim to strengthen American industry, they risk tipping the U.S. into a recession — and dragging the world down with it.
“There’s no decoupling,” Scaramucci said. “If the U.S. goes into a recession, it’s going to pull the rest of the world down into a recession.”
Bitcoin’s new moment?
Interestingly, Scaramucci sees a silver lining — at least for Bitcoin investors.
Historically, Bitcoin has behaved like a risk asset, often moving in tandem with tech stocks. But lately, Scaramucci sees signs of a shift.
“We’re finally seeing this non-correlation where it’s trading a little bit like Gold,” he explained. “I think this is a direct result of Wall Street inflows into Bitcoin ETFs like the ones from BlackRock.”
In short, Bitcoin may be evolving into a safe-haven asset at just the right time, offering protection if traditional markets falter.
Europe: The unexpected winner?
While a global slowdown would be painful, Scaramucci pointed out that European economies — particularly industrial powerhouses like Germany and the UK — might fare relatively better than the U.S.
Data already show that indices like the FTSE and the DAX are outperforming U.S. markets since trade tensions reignited. Scaramucci believes capital is shifting toward Europe as investors grow wary of the unpredictability of American policy.
“Trump’s making U.S. capital markets more capricious, more unpredictable,” he noted. “That’s good news — relatively — for European industries rearming and investing.”
Still, Scaramucci cautions that everyone would feel the pain of a full-blown recession, no matter where capital flows in the short term.
