1. Scaramucci's Prediction Factors
2. Current Bitcoin Price
3. Regulation Dynamics Pre-Election

Anthony Scaramucci, founder of investment firm SkyBridge Capital, has stated that bitcoin (BTC) will reach $100,000 by the end of the year. He cited two key factors supporting this prediction.

Scaramucci's Prediction Factors

In an interview with Bloomberg, Scaramucci pointed to interest-rate cuts and more precise crypto regulation following the November elections in the U.S. as crucial drivers for bitcoin's price increase. > “We are going to get pro-cryptocurrency, Bitcoin, and stablecoin legislation in the first part of the next congressional term in the US. At the same time, you’re intersecting with rate cuts from the Federal Reserve,” he said.

Current Bitcoin Price

The Federal Reserve is expected to announce its interest rate decision today. It is anticipated that the Fed will cut the rate by half a point, easing borrowing costs in the U.S. Scaramucci supports this expectation, adding that it would be beneficial for asset prices both in the U.S. and globally.

Regulation Dynamics Pre-Election

Scaramucci is hopeful for crypto-friendly legislation after the U.S. presidential elections. He expects bipartisan legislation for the digital asset market, backed by both Republicans and Democrats. Republican candidate Donald Trump is heavily pro-crypto and has made various promises to promote assets like bitcoin if elected, gaining support from crypto enthusiasts in the country. On the other hand, Democratic nominee Kamala Harris has shown less interest in the industry. However, she has already gained the trust of some crypto figures, and there are speculative predictions that she could win the election. Scaramucci expressed confidence that favorable crypto regulation would be implemented under Harris’ administration if she wins, referencing conversations with her electoral team.

It is worth noting that Scaramucci has repeatedly stood by a $100,000 price prediction for bitcoin by year-end. While bitcoin recently reached a peak price above $73,700 in March, its current price is $60,200, representing a 2.67% increase over the past 24 hours.