• Scaramucci believes that the Bitcoin bull market will start up once US inflation drops to 4-5%.
• He thinks that this will happen once the Federal Reserve stops raising interest rates.
• He believes that this will stimulate a price expansion for risk assets, like cryptocurrencies.
Anthony Scaramucci, the Founder of SkyBridge Capital and former White House official, believes that the Bitcoin bull market will soon start up once US inflation drops to 4-5%. Scaramucci said the Federal Reserve might stop lifting interest rates when inflation decreases to the indicated level, which would spark a price expansion for the digital assets.
The financier thinks that the US central bank will halt the interest rate hikes before reaching the 2% inflation goal. This would stimulate a price expansion for risk assets, such as cryptocurrencies. He believes that the Fed will declare victory once the inflation rate is between 4-5%.
Scaramucci also noted that there are other factors that have been driving up the prices of cryptocurrencies such as Bitcoin, Ethereum, and Litecoin. These include speculation, the rise of DeFi applications, and the increase in institutional investors.
However, he believes that the US Federal Reserve’s decision on when to stop raising interest rates will be a major factor in determining the future of the cryptocurrency market. He said that if the Fed stops raising rates when inflation is at 4-5%, it will be a sign that the bull market is about to start.
It’s clear that Scaramucci believes the US Federal Reserve’s decision on when to stop raising interest rates will be a major factor in determining the future of the cryptocurrency market. He believes that if the Fed stops raising rates when inflation is at 4-5%, it will be a sign that the bull market is about to start. This could potentially lead to a major surge in the prices of cryptocurrencies like Bitcoin, Ethereum, and Litecoin.