As a seasoned investor with a knack for recognizing trends and reading political landscapes, I find Scaramucci’s prediction intriguing. Having worked closely with the political sphere, his insights into the potential shift in U.S. crypto policy under different administrations are particularly valuable.
According to Anthony Scaramucci from SkyBridge Capital, it’s possible that Bitcoin could soar up to $100,000 by the year 2024, fueled by interest rate decreases and possibly favorable laws for cryptocurrency.
According to Anthony Scaramucci, the founder of SkyBridge Capital and a hedge fund manager, Bitcoin (BTC) could surge up to $100,000 by the year 2024. This bullish forecast is based on anticipated reductions in U.S. interest rates and possible supportive legislation for cryptocurrencies.
As I ponder over recent developments, it strikes me that the anticipated interest rate reductions by the Federal Reserve and the potential bipartisan backing for cryptocurrency and stablecoin regulations during the upcoming U.S. Congressional term might spark a substantial increase in the worth of Bitcoin.
In simple terms, we expect to see laws favorable towards cryptocurrencies like Bitcoin and stablecoins to be passed during the early phase of the next term of Congress in the United States. Simultaneously, there may also be reductions in interest rates by the Federal Reserve.
Anthony Scaramucci
Previously serving as Donald Trump’s communication advisor, Scaramucci pointed out that Trump has recently adopted a pro-cryptocurrency stance as he competes narrowly with Vice President Kamala Harris in the elections. Harris’s stance on cryptocurrencies appears less clear-cut compared to Trump’s new position.
Despite the ambiguity, Scaramucci expressed optimism about the regulatory landscape under a potential Harris administration, citing positive discussions with her campaign team. The SkyBridge Capital head expects the Federal Reserve to cut borrowing costs by half a percentage point, with up to 150 basis points of cuts in the next 18 months. He believes such moves will be favorable for asset prices globally, including Bitcoin, which has already risen 5% in the lead-up to the Fed’s policy decision.
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2024-09-18 11:12