Preview of the Federal Reserve's Decision: Will Cut Rates by 50 Basis Points to Help Bitcoin Reach $100,000 by the End of the Year
According to foreign media reports, hedge fund Sky Bridge founder Anthony Scaramucci said in an interview on Wednesday that the Federal Reserve may cut interest rates by 50 basis points tonight, as part of a total reduction of at least 150 basis points over the next 18 months. He believes that this is good for asset prices in the United States and globally. With a series of rate cuts by the Federal Reserve and clearer regulation of cryptocurrencies in the United States, Bitcoin is expected to hit a new all-time high of $100,000 by the end of the year. Scaramucci stated that in the early stages of the next term of the U.S. Congress, there will be legislation supporting cryptocurrencies, Bitcoin, and stablecoins, which is bipartisan legislation supported by both the Democratic and Republican parties. He is optimistic about the prospects of the Harris administration's cryptocurrency regulations, as an advisor to her campaign team has indicated that Harris will support measures to help the industry grow while maintaining appropriate safeguards
On September 18th, according to foreign media reports, Anthony Scaramucci, the founder of hedge fund Sky Bridge, said in an interview on Wednesday that the Federal Reserve may cut interest rates by 50 basis points tonight, as part of a total reduction of at least 150 basis points over the next 18 months. He believes that this is good for asset prices in the United States and globally. With a series of rate cuts by the Federal Reserve and clearer regulation of cryptocurrencies in the United States, Bitcoin is expected to hit a new all-time high of $100,000 by the end of the year. Scaramucci stated that in the early stages of the next term of the U.S. Congress, there will be legislation supporting cryptocurrencies, Bitcoin, and stablecoins, which is bipartisan legislation supported by both the Democratic and Republican parties. Additionally, he is optimistic about the prospects of the Harris administration's cryptocurrency regulations, as an advisor to her campaign team has indicated that Harris will support measures to help the industry grow while maintaining appropriate safeguards