Cantor Fitzgerald CEO: BTC price will rise ahead of April halving
Howard Lutnick, CEO of financial services company Cantor Fitzgerald, stated at the World Economic Forum in Davos that inflation is still a persistent issue. He doubts the market's expectation of a 175 basis point rate cut by the Federal Reserve, and believes that the current 5% interest rate level is reasonable.He believes that the approval of a physically-backed Bitcoin ETF will not restore confidence in the cryptocurrency market, as it is just another way for Americans to invest in Bitcoin. However, he did state that he expects the price of Bitcoin to rise before its halving in April.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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