Bitcoin
Anthony Scaramucci Links Bitcoin Rally to US Treasury Curve Interventions
SkyBridge Capital founder Anthony Scaramucci stated that Treasury market signals, rather than the Clarity Act, are driving Bitcoin's recent gains.
SkyBridge Capital founder Anthony Scaramucci stated during an appearance on CNBC's Squawk Box that Bitcoin's recent price gains are driven by developments in the US Treasury bond market rather than pending legislation such as the Clarity Act. Scaramucci pointed to comments from Treasury Secretary Bessent regarding potential intervention at the long end of the yield curve as the primary market catalyst.
According to Scaramucci, signals that the government may step in to manage 10-year or 30-year yields suggest underlying fiscal and monetary pressure, which increases the appeal of fixed-supply assets like Bitcoin. Data shows that long-dated Treasury yields experienced upward pressure in September 2026, with the 10-year yield standing at 4.96% and the 30-year at 5.29% on September 21, alongside a narrowing 10-year minus 2-year yield spread of 0.20%.
Scaramucci also downplayed the necessity of the Clarity Act for Bitcoin, arguing that while the legislation could assist tokenization projects and layer-one networks, Bitcoin functions independently as a digital store of value. Comparing Bitcoin's trajectory to the early adoption of Uber, he asserted that superior technologies achieve adoption despite institutional hesitation.
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