This factor should lift the crypto market, says Anthony Scaramucci
The chief executive of hedge fund SkyBridge Capital said that an “enormously bullish” indicator suggests a recovery for risky assets such as technology stocks and crypto assets.
According to a new Bloomberg report, Anthony Scaramucci claimed that the US Federal Reserve will stop its monetary tightening policies once it reaches its target, triggering a “revival of risky assets”.
“I believe the Fed declares victory with 4% to 5% inflation. If I’m right, there will be a market resurgence.
There will be a lot of short selling in crypto and there will be a renaissance in risk assets.”
According to Scaramucci, another big bullish indicator is the heightened pessimism displayed by world leaders towards digital assets at the most recent World Economic Forum in Davos.
In the report, Scaramucci also details SkyBridge Capital’s exposure to the bankrupt crypto exchange FTX, saying the company bought $10 million worth of FTX Token (FTT) only to sell it for $9.6 million a short time later.
Last week, Scaramucci predicted that 2023 would be a “recovery year” for crypto assets, saying that markets are on track to bounce back from several high-profile meltdowns.
At the time, he said he foresees greater adoption driving (BTC) to a price above $100,000.
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By Cryptonizing