Foreign media reports that after US Treasury Secretary Steven Mnuchin discussed global debt issues at the G20 meeting of finance ministers and central bank governors, SkyBridge Capital founder Anthony Scaramucci immediately took the opportunity to say that this statement was equivalent to giving Bitcoin the “best advertisement of the year.” The focus of this discussion was not on officials shifting to support Bitcoin, but rather on how Bitcoin supporters can reintegrate macroeconomic debt pressures into their long-term narrative.

Scaramucci Voices on the Debt Issue

On September 3, Scaramucci posted on the X platform that Bessent stated during the G20 event that "the world is being overwhelmed by debt," which is one of the core arguments of Bitcoin. He believes that when finance ministers from multiple countries discussed the pressures of sovereign debt, they once again exposed the long-term problems faced by the traditional fiscal and monetary systems.

According to the original text, Scaramucci did not interpret Bessent's speech as a direct endorsement of BTC, but emphasized that such public statements from high-level policy occasions would reinforce the market's perception of Bitcoin's scarcity and its independence from sovereign credit systems.

Bessent focuses on the global debt burden

Bessent expressed the above views during the G20 Finance Ministers and Central Bank Governors Meeting held in Asheville, North Carolina, USA, from August 31 to September 1. He pointed out that after the financial crisis in 2008, a large amount of debt accumulated globally, and countries need to rely on stronger economic growth to digest the debt burden, rather than simply relying on contractionary measures such as cutting spending.

The report mentions that the current challenges faced by major economies include rising government borrowing costs, an aging population, and weak productivity growth. The statement by Chairman G20 also notes that all parties will continue to focus on addressing the issue of debt sustainability.

The Bitcoin narrative returns to macroeconomic clues.

For a long time, Bitcoin supporters have believed that continuously expanding fiscal deficits and government borrowing will weaken the purchasing power of fiat currencies. Therefore, Bitcoin, which has a fixed supply, is expected to receive more attention in such an environment. Scaramucci This statement continues precisely this line of logic.

At the market level, CoinGecko data shows that Bitcoin once reached a intraday high of $81,332 on that day. However, this commentary places more emphasis on the narrative aspect of the event, rather than attributing the price fluctuations directly to Bessent's speech.

• Bessent's speech occasion: G20 Meeting of Finance Ministers and Central Bank Governors
• Meeting Time: August 31st to September 1st
• BTC Current high: $81,332