Founder of hedge fund Sky Bridge: The Federal Reserve may cut interest rates by 50 basis points tonight to help bitcoin reach $100,000 before 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, which is part of a cumulative reduction of at least 150 basis points in interest rates over the next 18 months. He believes that this is good for asset prices in the United States and globally. Driven by a series of interest rate cuts by the Federal Reserve and clearer regulation of cryptocurrencies in the United States, Bitcoin will hit a record high by the end of the year, reaching $100,000. Scaramucci said that the United States will pass some legislation supporting cryptocurrencies, bitcoin and stablecoins early in its next term in Congress, which is bipartisan legislation supported by both Democrats and Republicans. At the same time, he expressed optimism about the prospects for crypto rules under a Harris administration, as an adviser to his campaign said Harris would support measures to help the industry grow while maintaining appropriate safeguards.