{"id":24546,"date":"2023-11-16T08:56:27","date_gmt":"2023-11-16T08:56:27","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/skybridge-capital-ceo-anticipates-crypto-rally-in-between-fed-pivot\/"},"modified":"2023-11-16T08:56:27","modified_gmt":"2023-11-16T08:56:27","slug":"skybridge-capital-ceo-anticipates-crypto-rally-in-between-fed-pivot","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/skybridge-capital-ceo-anticipates-crypto-rally-in-between-fed-pivot\/","title":{"rendered":"SkyBridge Capital CEO Anticipates Crypto Rally In Between Fed Pivot"},"content":{"rendered":"

(Originally posted on : Crypto News – iGaming.org )<\/b>
\n<\/p>\n

\n

The CEO of SkyBridge Capital, Anthony Scaramucci, recently voiced confidence in an interview on Bloomberg Television regarding a possible rise in Bitcoin (BTC) and Ethereum (ETH) in light of the Federal Reserve\u2019s hinting at a shift in policy.<\/p>\n

According to Scaramucci, the Federal Reserve will probably stop raising interest rates, which will lessen the pressure on risky assets. Positive inflation data, in his opinion, indicates that the Fed should cut rates in the next quarter, which would be good news for stock prices and other assets.<\/p>\n

\u201cI do think the Fed is done hiking. I think that the inflation data was very positive, and it\u2019s likely to go lower over the next quarter\u2026 and I think it\u2019s very, very good for stock prices, very good for assets,\u201d<\/em> says Scaramucci.<\/p>\n

Anticipating Rate Cuts and Housing Market Influence<\/h2>\n

In addition, he projects that the Fed may lower interest rates in the first quarter of the upcoming year, particularly in reaction to the weak state of the US housing market. According to Scaramucci, a low-interest mortgage is something that many Americans would want to see happen.<\/p>\n

Scaramucci expressed optimism that Bitcoin, Ethereum, and other digital assets will \u201ctrend higher.\u201d He cites the U.S. Securities and Exchange Commission\u2019s (SEC) anticipated approval of a spot Bitcoin exchange-traded fund (ETF) as the driving force behind the recent upsurge in cryptocurrency prices.<\/p>\n

\n
\n
\n
\n
\n
5BTC or 111% + 111 Free Spins!<\/strong> <\/p>\n

New players only. Exclusive 111% Welcome Bonus + 111 Free Spins<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

\u201cIf [approval] happens, I think there\u2019s an induction of a tremendous amount of demand for Bitcoin. And of course, you have a halving in Bitcoin, which basically means that the supply is going to get cut in half in April,\u201d<\/em> says Scaramucci.<\/p>\n

Scaramucci claims that SkyBridge Capital<\/a> would continue to hold a long position in the portfolio due to the favorable variables impacting the cryptocurrency market, viewing it as a focused, strategic wager with a macro perspective. He highlights the potential of Bitcoin in the face of shifting market conditions by recalling the cryptocurrency\u2019s tenacity during the Silicon Valley Bank crisis earlier this year.<\/p>\n<\/p><\/div>\n

Source link <\/a>
\n
<\/p>\n","protected":false},"excerpt":{"rendered":"

(Originally posted on : Crypto News – iGaming.org ) The CEO of SkyBridge Capital, Anthony Scaramucci, recently voiced confidence in an interview on Bloomberg Television regarding a possible rise in Bitcoin (BTC) and Ethereum (ETH) in light of the Federal Reserve\u2019s hinting at a shift in policy. According to Scaramucci, the Federal Reserve will probably […]<\/p>\n","protected":false},"author":35,"featured_media":24547,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/24546"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/35"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=24546"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/24546\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/24547"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=24546"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=24546"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=24546"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}