• Anthony Scaramucci, Founder of SkyBridge Capital and former White House official, believes that the Federal Reserve will stop raising interest rates when inflation decreases to 4-5%, sparking a price expansion for cryptocurrencies.
• Scaramucci believes that this will stimulate a price expansion for risk assets, such as cryptocurrencies.
• The financier thinks the US central bank will halt the interest rate hikes before reaching the 2% inflation goal.
Anthony Scaramucci, Founder of SkyBridge Capital and former White House official, recently shared his thoughts on the potential future of cryptocurrencies. He believes that a revival in the digital asset space will be seen when the Federal Reserve stops raising interest rates. This Scaramucci believes will be when inflation in the United States drops back down to 4-5%.
The financier thinks that the 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. He expressed his opinion in a recent interview, saying, “I do believe that the Fed declares victory at 4% to 5% inflation, and then you get a bull market in all risk assets. I do think that cryptocurrencies will be part of that bull market.”
The current inflation in the US is at 2.2%, which is slightly higher than the preferred target of 2%. This has caused the Federal Reserve to increase the interest rates in order to try and stabilize the inflation rate. Scaramucci believes that once inflation drops back down to 4-5%, the Fed will be less inclined to increase the interest rates, which will then start a bull market in all risk assets.
Scaramucci believes that the bull market will be a great opportunity for cryptocurrencies to gain mainstream acceptance and adoption. He is optimistic about the potential for cryptocurrencies to revolutionize the way people transact and believes that the price expansion will be a great opportunity for investors to get involved in the crypto space.
The financier also believes that the current bear market in the crypto space has provided great opportunities for investors to buy digital assets at a discounted price. He believes that, once the bull market starts, those who bought cryptocurrencies at low prices will be the biggest beneficiaries.
In conclusion, Scaramucci believes that the Federal Reserve will halt the interest rate hikes when inflation drops back to 4-5%, sparking a price expansion for cryptocurrencies. This bull market will provide a great opportunity for investors to get involved in the crypto space and benefit from the price expansion.