Anthony Scaramucci, CEO of SkyBridge Capital, said the Fed will pause its effort to raise interest rates before reaching its 2 percent inflation target. This break will also lead to a rally in risk assets, according to Scaramucci. The famous investor, who stated that he believes the Fed will declare victory in 4 percent to 5 percent inflation, said in an interview:
“If I am right, there will be a strong uptrend in the market. A large number of shorts in crypto will be quickly closed and risky assets will be reborn.”
Before FTX went bankrupt, SkyBridge had a $45 million financial relationship with the stock market. From this cash flow, Scaramucci said SkyBridge bought FTX’s token for $10 million from FTT and sold it at a loss of $9.6 million.
“I think it’s important to understand what happens to people who believe in capitalism and take risks. I’m not going to be a risk averse person just because I got scammed by Sam.”
Scaramucci described the “pervasive pessimism” about Bitcoin, expressed by world leaders at the recent World Economic Forum in Davos, as “extremely positive.”
According to the opinion of some of the experts in the market; The fact that US GDP figures exceeded expectations led to a short-term rally in cryptocurrency prices. The rally, however, was short-lived due to the still tight labor market and speculation that the Federal Reserve could keep interest rates higher for longer. Alongside the Personal Consumption Expenditure (PCE) data, which will be released today, a number of other data to be released this week are expected to create a highly volatile market environment and lead to further losses in crypto assets such as Bitcoin (BTC) and Ethereum (ETH).