Skybridge Capital co-founder Anthony Scaramucci has as soon as once more prompted a stir throughout the crypto group along 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.
Meanwhile, BTC worth topped $60K at present, additional solidifying market watchers’ optimism in tandem with Scaramucci’s latest statements.
Anthony Scaramucci Bullish On Bitcoin’s Run To $100K
According to 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 are going to get pro-cryptocurrency, Bitcoin, and stablecoin legislation in the first part of the next congressional term in the U.S.,” Scaramucci acknowledged. Further, he added, “At the same time, you’re intersecting with rate cuts from the Federal Reserve.”
These statements, in opposition to the backdrop of the present nationwide state of affairs, have echoed a major buzz. The U.S. Fed price minimize outcomes stay due for later at present with excessive probability of price cuts. CME FedWatch Tool data exhibits significantly excessive possibilities of a 50bp rate of interest minimize forward. Nonetheless, market watchers eagerly await Fed Jerome Powell’s official announcement.
Meanwhile, 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 Party. 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. However, it’s additionally value mentioning that the Harris administration has given hints that it plans to assist crypto nationwide with none actions but.
Simultaneously, it’s noteworthy that Polymarket knowledge at present indicated Harris’ successful odds at 50%, whereas Trump’s stood at 48%. Altogether, in keeping with the abovementioned elements, the hedge fund supervisor acknowledged, “That’s going to be really good for asset prices in 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 yr as nicely.
BTC Price Touches $61K
Meanwhile, Anthony Scaramucci’s remarks gained extra traction at present in mild of the BTC worth motion. BTC price at present topped $60K, gaining almost 3% up to now 24 hours to $60,432. The coin’s intraday high and low had been recorded as $58,640.59 and $61,316.09, respectively.
This rising motion falls in keeping with a large $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.
Meanwhile, a latest X put up by CryptoQuant revealed that new whales and Binance merchants are closely bagging Bitcoin. Simultaneously, previous whales proceed to HODL. Altogether, this knowledge has sparked market optimism for the coin’s future worth actions regardless of the latest turbulence.
Furthermore, Coinglass knowledge at present 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 at present’s worth upswing, market stats underscore an uptrend for the crypto.
Coingape Staff
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