Open Book with Anthony Scaramucci The End of The US Dollar, Globalization Failed, Jamie Dimon Sued By Trump, The Future of AI
7 snips
Jan 28, 2026 
Michael Novogratz, founder and CEO of Galaxy Digital and veteran macro/crypto investor, offers sharp takes on a weakening dollar and rising gold. He and Anthony discuss currency collapse risks, Bitcoin vs. gold, globalization’s losers, AI’s geopolitical stakes, and the political fallout around big-bank litigation. Short, urgent conversations about money, markets, and stability.
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Reserve Currency Trust Is Eroding
- Fiat currencies and debt are losing trust as reliable stores of value, signaling a potential debt supercycle.
- This dynamic explains growing demand for gold, Bitcoin, and other stores-of-value as hedges against currency debasement.
Dollar Weakness Is Accelerating
- A weaker dollar and rising gold are signaling a potential accelerated dollar unwind.
- Central bank coordination and interventions (e.g., with the Bank of Japan) reflect acceptance of a weaker dollar leg.
Policy Moves Could Trigger Crypto Rally
- Pass the Clarity Act and appoint crypto-friendly Fed governors to catalyze institutional Bitcoin adoption.
- Watch Fed appointments and legislation as primary catalysts for a Bitcoin supercycle.