Anthony Scaramucci, founder of SkyBridge Capital, urged Bitcoin holders to “get ready” on January 31, 2026, after Bitcoin (BTC) gained more than 10% against gold in a single day.
The move came as precious metals suffered a violent sell-off, breaking the traditional narrative of gold as the dominant safe-haven asset.
The divergence unfolded during a historic session for commodities. Gold fell to an intraday low of $4,683, while silver recorded its largest single-day decline on record, plunging more than 30%. Against that backdrop, Bitcoin’s relative strength stood out sharply.
A Breakdown in the Traditional Safe-Haven Trade
Scaramucci framed the move as a potential inflection point in the long-running “safe-haven” debate between Bitcoin and precious metals.
Silver and Gold down. Bitcoin firming. Get ready.
— Anthony Scaramucci (@Scaramucci) January 30, 2026
According to market participants, the catalyst for the metals collapse was the nomination of Kevin Warsh as the next U.S. Federal Reserve Chair. Warsh is widely perceived as a policy hawk, favoring tighter monetary conditions and higher-for-longer interest rates. That shift immediately strengthened the U.S. dollar, pressuring gold and silver positions that had become heavily crowded.
As capital rotated out of metals, Bitcoin not only avoided the worst of the selling pressure but outperformed, signaling a growing divergence in how markets are pricing inflation hedges.
Signals That the Gold Rally May Be Ending
Scaramucci’s comments align with recent warnings from Cathie Wood, CEO of ARK Invest, who has argued that gold’s parabolic move may be nearing exhaustion.
Wood highlighted that gold’s market capitalization relative to U.S. M2 money supply recently surpassed its 1980 peak, a level historically associated with cyclical tops. In her view, this positioning leaves gold vulnerable to sharp reversals once macro expectations shift, as they appear to have done following the Fed chair nomination.
Bitcoin’s Relative Strength and 2026 Outlook
Despite ongoing macro uncertainty, Scaramucci remains firmly bullish on Bitcoin. He reiterated his view that BTC could “easily” reach $150,000 in 2026, arguing that Bitcoin is increasingly being recognized as a superior store of value.
His thesis rests on several factors: Bitcoin’s fixed supply, its growing institutional adoption, and its increasing resilience during periods when traditional hedges falter. Scaramucci believes Bitcoin is on a path to eventually overtake gold as the primary inflation hedge, particularly as access broadens and usage expands.
The Long-Term “Digital Gold” Thesis
Looking beyond near-term volatility, Scaramucci continues to frame Bitcoin as “digital gold,” but with structural advantages over the physical metal. He argues Bitcoin is easier to transport, easier to verify, and follows an adoption curve more akin to trillion-dollar technology companies such as Amazon and Nvidia than to legacy commodities.
He has also projected that Bitcoin could approach one billion users by 2026, a milestone he believes would firmly establish its store-of-value status on a global scale.
At the same time, Scaramucci has cautioned that the path higher is unlikely to be smooth. He has repeatedly warned that Bitcoin’s long-term uptrend may include brutal 40% corrections, designed to flush out weak positioning before the next major expansion.
Market Implication
Bitcoin’s sharp outperformance versus gold during one of the worst days in precious metals history is being watched closely. For Scaramucci, it reinforces the idea that the market’s definition of a safe haven may be shifting, away from scarcity rooted in tradition, and toward scarcity enforced by code.
