According to U.Today, legendary investor Anthony Scaramucci has once again called on people to buy Bitcoin in response to the forecast of a surge in the US federal government debt. In a recent article on the X platform, he reacted to the latest Congressional Budget Office forecasts, which show that the US federal debt will rise to 116% of GDP by 2034. This trajectory exceeds the debt levels observed during World War II, but the actual outlook may be more worrying.
According to a Bloomberg Economics forecasting model, based on market pricing of future interest rates and bond maturities, U.S. debt could reach 123% of GDP by 2034. At that level, the cost of services would approach 5.4% of GDP, exceeding defense spending in 2023 and rivaling the entire Social Security budget.
Scaramucci has been a big supporter of Bitcoin, often highlighting its potential as a game-changing asset. He has expressed optimism about a Bitcoin ETF, likened Bitcoin to gold as a store of value, and speculated that traditional investors such as Warren Buffett would recognize the value of Bitcoin.
