Sky Bride Founder Prediction of Fed Cutting Interest Rates, Bitcoin Skyrocketing at the End of This Year

Bittime - Prominent hedge fund manager Anthony Scaramucci, founder of Sky Bridge, has made a bold prediction that the Federal Reserve will aggressively cut interest rates, potentially paving the way for a significant rise in Bitcoin prices.

Read more about this prediction in this article!

Scaramucci's Prediction

In an interview with foreign media, Scaramucci expressed confidence that the Fed will reduce interest rates by a substantial 50 basis points, marking the beginning of a cumulative rate cut of at least 150 basis points in the next 18 months. 

He argued that the move would have a positive impact on asset prices both domestically and globally.

Read also: Bitcoin Predictions This Week: Fed Interest Rates, Inflation, and Volatility

Prospek Bullish Bitcoin

Scaramucci's optimism extends to Bitcoin, which he predicts will hit a new record high of $100,000 by the end of the year. 

He attributed this bullish outlook to a combination of factors, including anticipated interest rate cuts and increasing regulatory clarity around cryptocurrencies in the United States.

Regulations that Support Crypto

Scaramucci expressed confidence in the passage of bipartisan legislation supporting cryptocurrencies, Bitcoin and stablecoins during his upcoming US Congressional term. He emphasized the growing bipartisan consensus on the need for a supportive regulatory framework. 

Additionally, Scaramucci voiced optimism about the prospects for crypto regulation under a Harris administration, citing the influence of an advisor who was part of her campaign team. 

These advisors reportedly advocate measures that encourage industrial development while ensuring proper protection.

Implications for Investors

Scaramucci's predictions, if accurate, could have significant implications for investors in both traditional and cryptocurrency markets. A potential Bitcoin price increase could attract more institutional capital and encourage wider cryptocurrency adoption. 

However, it is important to note that market predictions can change, and factors such as geopolitical events and economic conditions can influence the actual Bitcoin price trajectory.

How to Buy Crypto on Bittime

You can buy and sell crypto assets in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Learn How to Buy Crypto on Bittime.

Monitor price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.