Anthony Scaramucci Predicts $100K For Bitcoin After Fed Rate Cuts

Skybridge Capital co-founder Anthony Scaramucci has as soon as once more precipitated a stir inside the crypto neighborhood together with his bullish remarks on Bitcoin (BTC). The hedge fund supervisor on Wednesday anticipated a record-high $100K worth goal for the flagship crypto forward. This bullish projection is primarily in mild of the looming U.S. Fed price cuts and ongoing presidential elections.

In the meantime, BTC worth topped $60K immediately, additional solidifying market watchers’ optimism in tandem with Scaramucci’s latest statements.

Anthony Scaramucci Bullish On Bitcoin’s Run To $100K

Based on a latest Bloomberg report dated September 18, the Skybridge Capital founder has taken a bullish stance on BTC within the wake of the Fed’s looming rate of interest cuts and a transparent crypto regulatory purview with the upcoming November presidential elections within the U.S.

“We’re going to get pro-cryptocurrency, Bitcoin, and stablecoin laws within the first a part of the subsequent congressional time period within the U.S.,” Scaramucci acknowledged. Additional, he added, “On the similar time, you’re intersecting with price cuts from the Federal Reserve.”

These statements, in opposition to the backdrop of the present nationwide state of affairs, have echoed a big buzz. The U.S. Fed price reduce outcomes stay due for later immediately with excessive chance of price cuts. CME FedWatch Tool data reveals significantly excessive possibilities of a 50bp rate of interest reduce forward. Nonetheless, market watchers eagerly await Fed Jerome Powell’s official announcement.

In the meantime, lengthy after Republican Trump dismissed the Skybridge Capital founder from his position as communications director in 2017, Scaramucci now seems to have sided with the Democratic Get together. As per the report, Scaramucci stays optimistic about crypto guidelines beneath the Harris administration regardless of their unclear nature and Trump’s clear public stance on digital asset regulation. Nonetheless, it’s additionally value mentioning that the Harris administration has given hints that it plans to assist crypto nationwide with none actions but.

Concurrently, it’s noteworthy that Polymarket knowledge immediately indicated Harris’ successful odds at 50%, whereas Trump’s stood at 48%. Altogether, in keeping with the abovementioned facets, the hedge fund supervisor acknowledged, “That’s going to be actually good for asset costs within the U.S. and globally,” supplementing that BTC might attain $100K by year-end. As CoinGape Media reported, Anthony Scaramucci predicted BTC to succeed in $100K earlier this 12 months as nicely.

BTC Worth Touches $61K

In the meantime, Anthony Scaramucci’s remarks gained extra traction immediately in mild of the BTC worth motion. BTC price immediately topped $60K, gaining practically 3% previously 24 hours to $60,432. The coin’s intraday high and low have been recorded as $58,640.59 and $61,316.09, respectively.

This rising motion falls in keeping with an enormous $186.76 million influx in Bitcoin ETFs as of September 17, per Soso Value data. The upsurging inflows saga has underscored rising institutional demand for the asset.

In the meantime, a latest X publish by CryptoQuant revealed that new whales and Binance merchants are closely bagging Bitcoin. Concurrently, outdated whales proceed to HODL. Altogether, this knowledge has sparked market optimism for the coin’s future worth actions regardless of the latest turbulence.

Moreover, Coinglass knowledge immediately illustrated a 4.5% uptick in BTC futures OI to $32.33 billion. The derivatives quantity rocketed 53.5% to $73.05 billion. Coupled with immediately’s worth upswing, market stats underscore an uptrend for the crypto.