Famous CEO, who says that the bull market is dependent on the FED, thinks that the bear market is over in Bitcoin! Here’s Why!

bitcoinWhile investors wait for $30,000 in BTCcannot break the resistance at $28,000.

However, it is known for its support for BTC and cryptocurrencies. Anthony Scaramucci, CEO of SkyBrideg Capitalbelieves that the bear market in BTC is over.

“Bitcoin Bear Market Might Be Over!”

Speaking to Yahoo Finance, Scramamucci stated that BTC has performed tremendously in 2023, claiming that Bitcoin is the best long-term investment vehicle.

The famous CEO, who believes that the crypto winter with many bankruptcies and collapses is behind, BTC Noting that he predicts that its price may rise in the coming months, he advised investors to trust Bitcoin:

“Bitcoin has increased by about 70% in 2023.

I think these increases are the beginning of a new era for Bitcoin and other cryptocurrencies.

At this point we will remain patient for further increases and remain disciplined with the approach we have had for the past 20 years.”

Stating that he agrees with Cathie Wood’s prediction that Bitcoin can reach $ 1 million by 2030, Scaramucci argued that BTC is the best investment tool that people can choose when investing in the long term.

“When you hold Bitcoin for four years, so you don’t sell it, you find that it outperforms any other asset class.”

Stating that the bull market depends on the FED’s interest rate decisions, Scaramucci said, “FED’s aggressive policy will stop when inflation goes down to around 4-5%. Because I believe that the FED declared victory in 4-5% inflation. If I’m right, there will be a resurgence in the cryptocurrency market.” said.

“I Trust CZ!”

Finally Binance And CZCommenting on the lawsuit filed against . and how BTC could be affected in a possible collapse, Scaramucci stated that the possible collapse of Binnace could be more devastating than the collapse of FTX.

Hoping CZ can tackle these issues, Scaramucci said:

“Binance is a very important centralized exchange in our industry. If anything happens to Binance, I think it will be a short-term blow.

Sending my best wishes to CZ. I know him personally, I love CZ, I hope this solves the problems. I definitely don’t want anything to happen to Binance.”