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Anthony Scaramucci, the founder of SkyBridge Capital and a prominent figure in the cryptocurrency sector, holds the view that Elon Musk is strategically positioned to integrate digital assets into X’s ambitious “super app.” While specific details remain undisclosed, Scaramucci’s insights reveal a potential shift in Musk’s focus towards creating a comprehensive digital ecosystem encompassing finance, communication, and social interaction.

During a recent interview with Saxo Group, Scaramucci shared that although he has “not spoken to Elon directly,” he has maintained an investor’s perspective involving SpaceX, xAI, and X after acquiring stakes in all three companies. “I do communicate with management at both companies as a private investor,” he clarified, emphasizing that he does not hold any shares in Tesla. This investor’s perspective hints at deeper contextual understanding regarding Musk’s future plans.

The Crypto Dimension of Musk’s Vision

Building upon discussions held with insiders, the former communications director in the White House anticipates that Musk will transition from high-profile political controversies back to a focus on operational enhancements for X. “I foresee Musk redirecting his energies toward his enterprises… and I genuinely believe that you will witness the emergence of X-XL—whatever conjunction of entities he constructs. This super app will likely incorporate cryptocurrencies,” Scaramucci asserted.

Scaramucci proposed several potential pathways for cryptocurrency integration within Musk’s new framework. “Could it be his own coin akin to what Telegram is attempting? Or perhaps a stablecoin? It will manifest as something, although its exact form remains to be seen.” These remarks underline the ongoing uncertainty surrounding whether X will leverage existing digital currencies like Bitcoin, Dogecoin, or stablecoins, or potentially design a unique digital asset.

Scaramucci’s predictions are rooted in Musk’s well-documented ambition to transform X into what Musk terms “the largest financial institution globally.” The Tesla and SpaceX leader has often cited China’s WeChat as an inspiration for merging messaging platforms, payment systems, and business services into a single cohesive application. A pivotal move toward this vision arrived earlier this year when X announced a partnership with Visa to create an X Money Account—an innovative digital wallet designed to facilitate transactions between traditional bank accounts and the app’s peer-to-peer functionalities.

Beyond the Musk-X narrative, Scaramucci leveraged his interview with Saxo Group to reinforce his broader market convictions. He credited the Trump administration for its favorable stance on cryptocurrency. “We are nearing a period of crypto-friendly regulations, which I perceive as a very optimistic development,” he asserted.

Additionally, he reiterated his belief that Bitcoin’s dual role as both an inflation hedge and a risk asset would remain robust, even in the event of an economic downturn. “We are witnessing a growing non-correlation where Bitcoin behaves similarly to gold, which is currently outperforming other assets. I attribute this trend to substantial inflows into various ETFs, including the BlackRock ETF,” he explained.

As of now, Dogecoin is trading at $0.177, reflecting the ongoing fluctuations in the cryptocurrency market and investor sentiment.

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