Anthony Scaramucci: China having 'Tiananmen Square moment,' sees Bitcoin at $100,000 by year end

Chip Somodevilla/Getty Images News 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." Scaramucci's comments came as Chinese stocks suffered a general sell-off in Friday's pre-market trading. This included a 10% drop in DiDi (DIDI), which added to an 11% retreat the previous day. Meanwhile, Chinese education companies like TAL Education (TAL), Gaotu Techedu (GOTU) and New Oriental (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