A few days ago, Anthony Scaramucci, the boss of SkyBridge Capital delivered an analysis on the crypto industry. He predicted the explosion of bitcoin (BTC), within the next two or three years, to reach 50,000 to 100,000 dollars. Although few market analysts share his opinion, the entrepreneur returns to the charge. This time he has new arguments.
Fed policy change as a catalyst
Strong supporter of Bitcoin, the CEO of the investment company SkyBridge Capital, Anthony Scaramucci, once again spoke about the growth prospects of BTC. An opinion he delivered on Thursday, January 26, on influencer Scott Melker’s YouTube channel. Scaramucci’s position on the subject has not changed. In line with what he previously said, he indicated that bitcoin (BTC) will see a remarkable surge before long. According to him, the latest economic trends seem to reinforce his convictions.
Indeed, he explains, with the recent drop in inflation in the United States, the Federal Reserve will consider limiting the increase in interest rates on loans.
This economic strategy, which aims to curb the rapid increase in inflation, will no longer have any reason to exist. The direct consequence of this policy change will be to make borrowing more attractive to investors, thereby giving new impetus to the crypto market.
Anthony Scaramucci goes a little further. He argues that even if he were wrong and the US economy fell into recession, it will benefit BTC anyway. This is because such a scenario involves to some extent the loss of confidence in the dollar, leading in turn to a run in bitcoin (BTC).
No offense to some, it’s time to buy bitcoin (BTC)!
The position of the boss of SkyBridge Capital is clear: it is more than ever the ideal time to buy shares in the queen of cryptos. A logic, shared by many analysts, but which does not adhere to Jamie Dimon, the CEO of the financial holding company JPMorgan Chase. According to the official, the rise of BTC is more than hypothetical. He doesn’t believe it at all.
In interview he gave to the American channel CNBC, Dimon called BTC a ” fraud “.
For Anthony Scaramucci, this criticism of the financier would be one more bullish sign. Because, with the development of crypto technology, “financial institutions as we know them are under threat and must adapt or die”.
Either way, the bitcoin (BTC) bullish outlook saga is far from over. Even though several analysts are skeptical about the surge of this crypto, its value has still increased by more than 35% since the beginning of the year.
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