Anthony Scaramucci, founder of SkyBridge Capital and a former White House aide in the Trump administration, said Friday that the recent regulatory crackdowns from the Chinese government equate to a "Tiananmen Square moment of capitalism" meant to regain control over the country's business leaders.
Speaking to CNBC, Scaramucci also predicted that Bitcoin would reach $100,000 by the end of the year, calling it "Amazon of 1997-2000."
Meanwhile, Chinese education companies like TAL Education (NYSE:TAL), Gaotu Techedu (NYSE:GOTU) and New Oriental (NYSE:EDU)all suffered massive sell-offs as they came into the crosshairs of Chinese authorities.
Scaramucci said the increased regulatory scrutiny in China will add risk premium for those stocks and make it harder for them to grow overseas.
He argued that the restraints on large Chinese companies with global ambitions raised the prospects for U.S. corporations by eliminating some of their competition.
"I'm optimistic for the United States for those reasons," he said.
On the cryptocurrency market, Scaramucci called Bitcoin the "apex predator" of crypto, though he also thought Ethereum (ETH-USD) was a strong competitor.
The former White House staffer said Bitcoin and Ethereum could become the "Coke and Pepsi" of cryptocurrency.
He noted that Skybridge launched an Ethereum fund earlier this month.