According to Golden Finance, hedge fund Sky Bridge founder Anthony Scaramucci said in an interview on Wednesday that the Federal Reserve is likely to cut interest rates by 50 basis points tonight, part of a total rate cut of at least 150 basis points over the next 18 months. He believes this is good news for asset prices in the US and globally.

Scaramucci predicts that Bitcoin will reach a new all-time high of $100,000 by the end of the year, fueled by the Fed's series of rate cuts and clearer cryptocurrency regulations in the United States. He expects the US Congress to pass legislation in the early stages of the next term that supports cryptocurrencies, Bitcoin, and stablecoins, with bipartisan support from both Democrats and Republicans.

He is also optimistic about the prospect of the Harris administration setting crypto regulations, as a campaign advisor indicated that Harris would support measures that help the industry grow while maintaining appropriate safeguards.