Anthony Scaramucci, the founder of the investment firm SkyBridge Capital, has backed his prediction that bitcoin (BTC) will reach $100,000 before the end of the year with two potential drivers.<\/p>\n
In a Wednesday interview<\/a> with Bloomberg, Scaramucci cited interest-rate cuts and more precise crypto regulation after the November election in the United States as crucial players in the leading crypto asset\u2019s rise to a new price height.<\/p>\n \u201cWe 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\u2019re intersecting with rate cuts from the Federal Reserve,\u201d he said.<\/p>\n The Federal Reserve will announce its interest rate call today. Words on the street<\/a> suggest that the Fed will likely reduce its interest rate by a half point, easing Americans\u2019 borrowing costs. Scaramucci supports this expectation, adding that it would \u201cbe really good for asset prices in the US and globally.\u201d<\/p>\n The SkyBridge Capital founder prefers crypto-friendly legislation after the U.S. presidential election. He expects bipartisan legislation for the digital asset market backed by Republicans and Democrats.<\/p>\n As campaigns continue, Republican presidential candidate Donald Trump is heavily pro-crypto, making various promises<\/a> to promote assets like Bitcoin if elected. This move has earned him support from crypto enthusiasts in the country.<\/p>\n On the other hand, Democratic presidential nominee Kamala Harris has shown less interest in the industry. However, with Harris winning<\/a> the trust of some crypto figures, several speculators predict<\/a> that she could win the election.<\/p>\n Scaramucci expressed conviction that a favorable crypto regulation will be dispensed under Harris\u2019 administration if she wins, referencing conversations with her electoral team.<\/p>\n It is worth noting that Scaramucci has repeatedly stood<\/a> on a $100,000 price prediction for the leading cryptocurrency before the year ends.<\/p>\n Meanwhile, after seeing a peak price above $73,700 in March, bitcoin has retraced its steps to lower levels. Although the leading crypto asset has been struggling since the start of this month, experts believe<\/a> it will perform well in October.<\/p>\n At the time of writing, BTC traded at $60,200, representing a 2.67% increase in the past 24 hours.<\/p>\n The post Here\u2019s Why Scaramucci Expects Bitcoin to Hit $100K Before Year-End<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Anthony Scaramucci, the founder of the investment firm SkyBridge Capital, has backed his prediction that bitcoin (BTC) will reach $100,000 before the end of the year with two potential drivers. In a Wednesday interview with Bloomberg, Scaramucci cited interest-rate cuts and more precise crypto regulation after the November election in the United States as crucial […]<\/p>\n","protected":false},"author":0,"featured_media":7774,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-7773","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/7773"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7773"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/7773\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/7774"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7773"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7773"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7773"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Why Scaramucci Sees BTC at $100K<\/h2>\n
BTC Trades Above $60k<\/h2>\n