Scott Bessent’s ‘World Is Awash in Debt’ Remark at G20 Is a Bitcoin Pitch, Says Anthony Scaramucci: 'The Best BTC Ad'

SkyBridge Capital founder Anthony Scaramucci on Thursday called Treasury Secretary Scott Bessent’s debt warning an inadvertent endorsement of Bitcoin (CRYPTO: BTC).

Bessent Unintentionally Pitched BTC?

Scaramucci pointed to Bessent’s remark at the recently concluded G20 Finance Ministers’ meeting that the “world is awash in debt.”

Bessent added that debt distress can keep companies from “investing in their people and their futures.”

“Bitcoin’s entire pitch is that sentence. Twenty finance ministers just delivered the best Bitcoin ad of the year, and none of them meant to,” said the former White House Communications Director.

Concerning Macro Developments

The national debt has surpassed $40 trillion, while the deficit has swelled to $1.79 trillion as of this writing, projected to exceed $2 trillion in fiscal 2026.

Scaramucci warned last month that debt could balloon to $55 trillion within the next decade, describing deficit spending as an "unfunded tax liability" that would trigger inflation and borrowing costs.

Notably, Federal Reserve Chairman Kevin Warsh said last week that inflation is still running too high, and that the central bank’s focus has shifted from jobs to prices.

Scaramucci’s Bullish Thesis