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Anthony Scaramucci, the founder of SkyBridge Capital and a former Trump administration official, predicts a promising future for Bitcoin, anticipating new highs fueled by impending US rate cuts and forthcoming cryptocurrency-friendly legislation. Scaramucci highlighted the potential for “pro-cryptocurrency, Bitcoin, and stablecoin legislation” in the US following the November presidential election, expected to take effect early in the next congressional session.
With a bipartisan approach to cryptocurrency legislation supported by both parties, Scaramucci’s optimism is further bolstered by positive signals from Republican nominee Donald Trump and Democratic Vice President Kamala Harris, who are both showing favorable stances towards digital assets. Scaramucci is particularly hopeful about Harris’s administration fostering the growth of the cryptocurrency sector while ensuring proper safeguards.
Scaramucci also foresees the Federal Reserve slashing borrowing costs significantly, which he believes will boost asset prices both in the US and globally. He boldly predicts that Bitcoin could reach $100,000 by the year’s end, driven by a combination of regulatory clarity, political support, and favorable economic policies.
