According to ChainCatcher, Anthony Scaramucci, founder of hedge fund Sky Bridge, said in an interview on Wednesday 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 the world. Driven by a series of interest rate cuts by the Federal Reserve and clearer cryptocurrency regulation in the United States, 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 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.
