Massively Bullish Indicator: Crypto Is In Rebound – SkyBridge Capital CEO Says

Crypto is on its way to regaining massive power, according to the latest numbers and opinions. Check out the latest reports below.

There are a lot of bullish prediciotns and indicators around, and if we pay enough attention, we can see that things are going to look amazing in the future of crypto.

The chief executive of hedge fund SkyBridge Capital reportedly says that an “enormously bullish” indicator is hinting at a rebound for risk assets and crypto.

According to a new report by Bloomberg, Anthony Scaramucci made sure to explain the fact that he believes the U.S. Federal Reserve will pause its monetary tightening policies once it reaches its goal, sparking a crypto rally and the “rebirth of risk assets.”

“I do believe that the Fed declares victory at 4% to 5% inflation. If I’m right, there will be a resurgence in the market. There’ll be a lot of short covering in crypto and there’ll be a rebirth of risk assets.”

Scaramucci also said that another massive bullish indicator is the “heightened pessimism displayed by world leaders toward digital assets at the most recent World Economic Forum in Davos.”

In the same report, Scaramucci also said the fact that SkyBridge Capital’s exposure to bankrupt crypto exchange FTX, saying that the firm purchased $10 million worth of FTX Token (FTT) only to sell it for $9.6 million a short while later.

At the moment of writing this article, BTC is trading in the green and the king coin is priced at $22,989.

Bitcoin price should add another zero, Bloomberg analyst says.

Bloomberg Intelligence senior macro strategist Mike McGlone says Bitcoin (BTC) is likely to hit six figures, but the timing of such a rise is still unclear.

In a new interview with crypto influencer Scott Melker, McGlone warns traders that the price of the king crypto is likely to dip down to the $15,000 price level before making a run to new all-time highs. Check out our previous report in order to learn more details about this.