Cantor Fitzgerald CEO: The price of BTC will rise before halving in April
Howard Lutnick, CEO of financial services company Cantor Fitzgerald, stated at the World Economic Forum in Davos that inflation remains a persistent issue. He expressed doubt about ca8360fe-9082-44e7-ab83-c7066074347c expectations of a 175 basis point interest rate cut by the Federal Reserve and believed that the current 5% interest rate level is reasonable.
He believes that the approval of physically-backed Bitcoin ETFs will not restore confidence in the cryptocurrency market as they are just another way for Americans to invest in Bitcoin. However, he did indicate 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.
You may also like
Data: "1011 Insider Whale" holds $170 millions in ETH, with an unrealized profit of $4.592 millions
Overview of Major Whale Movements: ETH Long Positions Yield Over $4 Million in Unrealized Profits
Nomura changes stance, expects the Federal Reserve to cut rates in December
Trending news
MoreCrypto prices
More
