According to SkyBridge Capital founder Anthony Scaramucci, Bitcoin will see growth once the US Federal Reserve moves away from its strict monetary policy, with a projected long-term market capitalization of $15 trillion.
During an appearance on Bloomberg TV this week, Scaramucci reiterated his stance, stating that digital currency will become an appealing asset once the Federal Reserve stops raising interest rates.
He predicts that by early 2023, the regulator will likely ease market conditions. As a result, both Bitcoin and the technology stock market will potentially experience a bullish trend.
Scaramucci believes that positive data on lower inflation will benefit both markets, and he expects to see this trend continue in the next quarter.