Bitcoin Price to Hit $100,000 by Year-End Amid Federal Reserve Rate Cuts, Says Anthony Scaramucci

COINOTAG news, on September 18, Anthony Scaramucci, founder of hedge fund Sky Bridge, explained in an interview on Wednesday that the Federal Reserve may reduce interest rates by 50 basis points tonight. This move is anticipated to be part of a cumulative reduction of at least 150 basis points over the next 18 months. He argues that this will be beneficial for asset prices in the United States and globally. Driven by successive interest rate cuts by the Federal Reserve and enhanced regulation of cryptocurrencies in the United States, Bitcoin is poised to reach a record high of $100,000 by year-end. Scaramucci also noted that upcoming legislation supportive of cryptocurrencies, including Bitcoin and stablecoins, would be enacted in the early stages of the next U.S. Congress, enjoying bipartisan backing from both Democrats and Republicans. Furthermore, he expressed optimism about the future of crypto regulations under the Harris administration, highlighting that an adviser to her campaign indicated support for measures fostering industry growth while maintaining necessary safeguards.