Anthony Scaramucci predicts Bitcoin could reach $100,000 by year-end.
He expects pro-crypto legislation in early 2025, supported by bipartisan interest in the sector.
Bitcoin is trending upwards at $60,328 ahead of the Fed’s policy decision.
Hedge fund manager and SkyBridge Capital founder Anthony Scaramucci foresees Bitcoin reaching new all-time highs, according to a Bloomberg report. Scaramucci explained that this potential growth will stem from interest rate cuts and possible regulatory clarity following the November U.S. presidential election.
“We are going to get pro-cryptocurrency, Bitcoin, and stablecoin legislation in the first part of the next congressional term in the US. At the same time, you’re intersecting with rate cuts from the Federal Reserve.”
Bipartisan Support and Political Landscape
Scaramucci also stressed the importance of bipartisan support in crypto regulation, pointing out that both Republicans and Democrats are interested in the sector. Former President Donald Trump has taken a pro-crypto stance to gain votes and donations in the presidential race.
In contrast, Vice President Kamala Harris’s stance on digital assets…
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