According to Jinshi Data on September 18, Anthony Scaramucci, founder of hedge fund Sky Bridge, said that the Federal Reserve may cut interest rates by 50 basis points tonight, 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.
Driven by a series of interest rate cuts by the Federal Reserve and clearer regulation of cryptocurrencies in the U.S., Bitcoin will hit a record high of $100,000 by the end of the year. Scaramucci said that some legislation supporting cryptocurrencies, Bitcoin and stablecoins will be passed in the early stages of the next U.S. Congress, which is bipartisan legislation supported by both Democrats and Republicans.
At the same time, he expressed optimism about the prospects for crypto rules under a Harris administration, as an adviser to his campaign said Harris would support measures that help the industry grow while maintaining appropriate safeguards.
