It’s been just revealed that this is the best time for accumulating Bitcoin. Check out the one catalyst that will trigger a Bitcoin boom.
One catalyst to trigger the Bitcoin boom
According to the new reports, it seems that SkyBridge Capital chief executive Anthony Scaramucci says Bitcoin (BTC) will have a clear bottom once the Federal Reserve ceases raising interest rates to lower inflation.
As the online publication the Daily Hodl notes, in a new YouTube interview with crypto influencer Scott Melker, Scaramucci says the Fed is on the verge of changing its hawkish policy, which would cause risk assets like Bitcoin to soar.
He also made sure to say the fact that the Fed will soon cease raising rates any further because it will exacerbate the government’s own debt obligations. He explained that Fed could pause raising rates since inflation is coming down.
He also said that if he is wrong after all, the economy will be thrown into a recession and people will invest in Bitcoin as the US dollar starts to decrease in value.
He said that now is the best time to accumulate the king crypto.
“It is impossible for the Fed if you have $31 trillion of debt on its way to $34 trillion and you got interest rates rising, the federal government is not going to be able to make sense of their budget with a $1 trillion to $1.5 trillion interest rate paid to all the debt holders. So that’s number one.”
He continued and explained the following:
“Two, I believe that the Fed is going to declare victory. Inflation is going to go down because of technology. And they are going to start cutting rates or guiding people to lower rates, which is going to boom the market and boom Bitcoin.”
At the moment of writing this article, BTC is trading in the green and the king coin is priced at $232,004.
