Bitcoin Bull Market to Start Once US Inflation Drops to 4-5%: Scaramucci

Anthony Scaramucci – the Founder of SkyBridge Capital and former White House official – believes cryptocurrencies will revive once the Federal Reserve stops raising interest rates.The Surge Could be on the Horizonthe US central bank will halt the interest rate hikes before reaching the 2% inflation goal and, thus, stimulate a price expansion for risk assets, such as cryptocurrencies:

“I do believe that the Fed declares victory at 4% to 5% inflation. If I’m right, there will be a resurgence in the market. There’ll be a lot of short covering in crypto, and there’ll be a rebirth of risk assets.”the inflation in the USA in December stood at 6.5%, while the peak was marked in June last year when the rate reached a 40-year high of 9.1%.

Scaramucci’s investment management firm – SkyBridge Capital – has around 10% exposure to bitcoin through the SkyBridge Multi-Adviser Hedge Fund Portfolios Series G fund. He said the company might focus on other assets if the primary cryptocurrency starts a bull run.The American, who briefly served as the White House Director of Communications, is among the most prominent bitcoin advocates and kept his faith throughout the continuous market decline.

SkyBridge accepted $45 million in funding from SBF shortly before the demise of the platform and used the cash to purchase $10 million worth of FTT tokens. The firm later sold the stash at a loss of $9.6 million. “I don’t shy away from it. I think it’s important for people who believe in capitalism and important for people that are risk-takers to understand what happened. I’m not going to be the person that takes no more risk in the future because I got burned by Sam,” Scaramucci stated.SBF to “the Bernie Madoff of crypto,” saying “the ninth circle of Hell” is reserved for people like him.

مصر أحدث الأخبار, مصر عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Anthony Scaramucci Predicts Crypto Market Shift as Bitcoin (BTC) Dips in 2023Anthony Scaramucci makes crypto market prediction as Bitcoin (BTC) declines BTC $BTC AnthonyScaramucci
مصدر: Utoday_en - 🏆 295. / 63 اقرأ أكثر »

Bitcoin, Ethereum Technical Analysis: ETH Falls Below $1,600 as Relative Strength Sinks – Market Updates Bitcoin NewsEthereum moved below $1,600 on Jan. 25, with bears selling previously overbought cryptocurrencies. Bitcoin also fell below $23,000. Brilliant, but using ChiefraFba for signals and analysis Or...........could be just a normal price corretion to make a higher low and keep going higher because everybody know that the price will never go up forever. Ok then, I also listen to ChiefraFba for signals and analysis!..I have a 93% win rate in 3 months of copying his signals!
مصدر: BTCTN - 🏆 531. / 51 اقرأ أكثر »

Anthony Scaramucci got $400k back from $10M FTX coin investmentAnthony Scaramucci says he got only $400,000 back on his $10 million investment in FTX's token Greedy people get stung. Awwww No loss.
مصدر: BusinessInsider - 🏆 729. / 51 اقرأ أكثر »