TechFlow news — According to foreign media reports, Anthony Scaramucci, founder of hedge fund SkyBridge, said in an interview that the Federal Reserve might cut interest rates by 50 basis points, as part of a cumulative reduction of at least 150 basis points over the next 18 months. He believes this would be positive for asset prices both in the U.S. and globally.
Driven by a series of Fed rate cuts and clearer U.S. cryptocurrency regulations, Bitcoin will reach a new all-time high of $100,000 by the end of the year.
Scaramucci stated that during the early period of the next U.S. congressional term, bipartisan legislation supporting cryptocurrencies, Bitcoin, and stablecoins—backed by both Democrats and Republicans—will be passed. He also expressed optimism about the prospects for crypto regulation under a Harris administration, noting that an advisor from her campaign team indicated Harris would support measures to help the industry grow while maintaining appropriate safeguards.
