Hedge fund manager and SkyBridge Capital founder Anthony Scaramucci foresees Bitcoin reaching new all-time highs due to interest rate cuts and possible regulatory clarity following the U.S. presidential election.
Scaramucci's Prediction
According to a [Bloomberg report](https://www.bloomberg.com/news/articles/2024-09-18/scaramucci-expects-bitcoin-btc-record-on-rate-cuts-clearer-us-rules), Scaramucci explained that this potential growth will stem from interest rate cuts and possible regulatory clarity. He noted that these factors might intersect with the outcomes of the November U.S. presidential election.
Bipartisan Support and Political Landscape
Scaramucci also stressed the importance of bipartisan support in crypto regulation, pointing out that both Republicans and Democrats are interested in the sector. Former President Donald Trump has taken a pro-crypto stance to gain votes and donations in the presidential race.
Current Bitcoin Trends
At the time of publication, Bitcoin is trending upwards at $60,328, ahead of the Federal Reserve’s policy decision.
Thus, according to Anthony Scaramucci's predictions, a combination of rate cuts and regulatory clarity could drive significant growth in Bitcoin's value.
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