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Anthony Scaramucci, founder of Skybridge Capital, says stocks and cryptocurrencies such as Bitcoin (BTC), Solana (SOL) and Avalanche (AVAX) are destined to separate from equities behind one important catalyst. said.
Former White House Communications Director in new interview with CNBC To tell The Fed has likely finished raising rates, and we believe the market could still rise even with another 75 basis points (bps) of rate hikes this month.
“I think it will probably move again. Frankly, if it’s 75 (bps), I think the market will actually move higher because that’s the actual end point. 50 would be good too.
For now, the hedge fund CEO says there is a correlation between crypto assets and major stock indices such as the Nasdaq.
However, Scaramucci believes that regulatory clarification by the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) could be the catalyst for cryptocurrencies to start moving on their own.
Until the SEC, CFTC, and legislators move to make their regulations on crypto clearer, it appears to be tied up with the Nasdaq and other risky assets.
However, we should point out that Bitcoin fell about 3.7% last month and the market as a whole fell nearly 10%. So the last month has been a little better.
I predict there will be decoupling at some point but not until regulation is clarified so now the market is up so things like bitcoin, avalanche and solana are on the move is not surprising. “
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