Anthony Scaramucci, a big name in crypto and founder of SkyBridge Capital, thinks Elon Musk is about to bring crypto to X, his planned “super app.” While he hasn’t spoken to Musk directly, Scaramucci invests in SpaceX, xAI, and X, and talks to people at those companies. He’s betting Musk will shift focus from drama to building X into a major player.
Crypto’s Role in X’s Future
Scaramucci predicts X will incorporate crypto, though exactly how remains unclear. Will it be a new X coin, a stablecoin, or something else entirely? This is despite Musk previously saying his companies wouldn’t launch their own crypto. The possibilities include using existing cryptos like Bitcoin or Dogecoin, or creating a brand-new one.
This prediction aligns with Musk’s goal of making X a massive financial powerhouse, similar to China’s WeChat. The recent partnership with Visa for an X Money Account is a step in that direction.
Scaramucci’s Broader Crypto Outlook
Beyond X, Scaramucci shared his positive outlook on crypto regulation, crediting the Trump administration’s pro-crypto stance. He also believes Bitcoin will continue to act as both an inflation hedge and a risky asset, even during a potential recession, pointing to recent market trends and inflows into Bitcoin ETFs. At the time of this writing, Dogecoin was trading at $0.177.
