Skybridge Capital co-founder Anthony Scaramucci has as soon as once more brought on a stir inside 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.
In the meantime, BTC worth topped $60K as we speak, 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 said. 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 as we speak with excessive probability of price cuts. CME FedWatch Tool data exhibits significantly excessive probabilities 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 Social gathering. As per the report, Scaramucci stays optimistic about crypto guidelines underneath the Harris administration regardless of their unclear nature and Trump’s clear public stance on digital asset regulation. Nonetheless, it’s additionally price 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 information as we speak indicated Harris’ successful odds at 50%, whereas Trump’s stood at 48%. Altogether, according to the abovementioned features, the hedge fund supervisor said, “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 achieve $100K earlier this yr as effectively.
BTC Value Touches $61K
In the meantime, Anthony Scaramucci’s remarks gained extra traction as we speak in mild of the BTC worth motion. BTC worth as we speak topped $60K, gaining practically 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 according to 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.
In the meantime, a latest X put up by CryptoQuant revealed that new whales and Binance merchants are closely bagging Bitcoin. Concurrently, previous whales proceed to HODL. Altogether, this information has sparked market optimism for the coin’s future worth actions regardless of the latest turbulence.
Moreover, Coinglass information as we speak 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 as we speak’s worth upswing, market stats underscore an uptrend for the crypto.
Disclaimer: The introduced content material could embody the non-public opinion of the writer and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The writer or the publication doesn’t maintain any duty in your private monetary loss.
✓ Share: