Founder of Bridgewater Capital: The Federal Reserve system has fundamentally collapsed, and Bitcoin's market value could reach $15 trillion

ChainCatcher news, according to Coin Edition, Skybridge Capital founder Anthony Scaramucci stated in an interview that despite the Federal Reserve performing well, the system operated by the Federal Reserve has fundamentally collapsed. He cited concerns over the devaluation of fiat currency and noted that the U.S. government's spending exceeds its income.

He explained that this situation is dangerous because borrowed money must be repaid with more dollars, which could lead to a severe economic recession. Therefore, he concluded that the Federal Reserve will ultimately find itself in trouble due to the system's collapse.

As a solution, he proposed an alternative in the form of immutable assets with clear scarcity, essentially a transparent transaction ledger. He pointed out that no asset possesses such characteristics other than Bitcoin, which he believes is evolving into a store of value that could be more valuable than gold.

He predicted that in the event of a collapse of the U.S. financial system, Bitcoin's market capitalization would reach $15 trillion.