According to foreign media reports, Anthony Scaramucci, founder of hedge fund Sky Bridge, said in an interview that the Federal Reserve may cut interest rates by 50 basis points, which is part of a cumulative rate cut of at least 150 basis points in the next 18 months. He believes that this is good for asset prices in the United States and around the world.
Bitcoin is set to hit a new all-time high of $100,000 by the end of the year, driven by a series of interest rate cuts from the Federal Reserve and greater clarity on cryptocurrency regulation in the United States.
Scaramucci said that some legislation supporting cryptocurrencies, Bitcoin and stablecoins will be passed early in the next U.S. Congressional term, which is bipartisan legislation supported by both Democrats and Republicans. At the same time, he is optimistic about the prospects for crypto rules under the Harris administration, as an adviser to his campaign team said Harris will support measures to help the industry develop while maintaining appropriate safeguards.
