Sky Bridge founder: A 50 basis point cut will help Bitcoin reach $100,000 by the end of the year
ChainCatcher news, hedge fund Sky Bridge founder Anthony Scaramucci stated in an interview on Wednesday that the Federal Reserve may cut interest rates by 50 basis points tonight, which is part of a cumulative reduction of at least 150 basis points over the next 18 months. He believes this is good for asset prices in the U.S. and globally. With a series of rate cuts from the Federal Reserve and clearer regulations on U.S. cryptocurrencies, Bitcoin is expected to hit an all-time high of $100,000 by the end of the year.Scaramucci stated that some legislation supporting cryptocurrencies, Bitcoin, and stablecoins will be passed early in the next congressional term, with bipartisan support from both Democrats and Republicans. At the same time, he expressed optimism about the prospects of cryptocurrency regulations under the Harris administration, as an advisor from her campaign team indicated that Harris would support measures to help the industry grow while maintaining appropriate safeguards.