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Hedge fund manager Anthony Scaramucci projected record highs for Bitcoin fueled by a combination of interest-rate cuts and US crypto regulatory clarity in the wake of November’s presidential election.

“We are going to get pro-cryptocurrency, Bitcoin, and stablecoin legislation in the first part of the next congressional term in the US,” the founder of SkyBridge Capital LLC said in an interview Wednesday. “At the same time, you’re intersecting with rate cuts from the Federal Reserve.”