CryptoGlobe on Nostr: Cantor Fitzgerald CEO Bullish on Bitcoin and Tether, Says the Fed Will Keep Rates ...
Cantor Fitzgerald CEO Bullish on Bitcoin and Tether, Says the Fed Will Keep Rates Higher for Longer
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Howard Lutnick, CEO of Cantor Fitzgerald, spoke on Bloomberg Television at the World Economic Forum’s annual meeting in Davos, Switzerland. Lutnick commented on the current state of the economy, noting that inflation remains a persistent issue. He expressed skepticism about the market's expectation of a 175 basis point cut by the Federal Reserve. Lutnick believes that if the Fed errs in its policy, it will likely be by maintaining higher interest rates for a longer period. He discussed the impact of stable interest rates on capital markets activity and believes that stability will bring back capital markets activity. Lutnick shared his views on the recent approval of spot Bitcoin ETFs by the U.S. SEC, stating that he doesn't believe they will restore confidence in the crypto sector. He expects the price of Bitcoin to go up in the run-up to the Halving in April. Lutnick questioned the relevance of Bitcoin and stablecoins for American investors, arguing that cryptocurrencies are more significant in countries with unstable currencies. He spoke about Tether and its importance in emerging markets, confirming that Tether Holdings has the funds it claims to have. Lutnick mentioned Cantor Fitzgerald's plans to compete with CME Group in 2024 through FMX. He believes that banks will perform exceptionally well in 2024, benefiting from increased trading activity. Lutnick expressed optimism for the banking sector's performance in the coming year.
#Bitcoin #Tether #FederalReserve #Inflation #InterestRates #CapitalMarkets #Stablecoins #Sec #Cryptocurrency #CantorFitzgerald #CmeGroup #BankingSector
https://www.cryptoglobe.com/latest/2024/01/cantor-fitzgerald-ceo-on-why-bitcoin-will-go-up-why-he-is-not-worried-about-tether-and-why-americans-are-not-serious-about-crypto/
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Howard Lutnick, CEO of Cantor Fitzgerald, spoke on Bloomberg Television at the World Economic Forum’s annual meeting in Davos, Switzerland. Lutnick commented on the current state of the economy, noting that inflation remains a persistent issue. He expressed skepticism about the market's expectation of a 175 basis point cut by the Federal Reserve. Lutnick believes that if the Fed errs in its policy, it will likely be by maintaining higher interest rates for a longer period. He discussed the impact of stable interest rates on capital markets activity and believes that stability will bring back capital markets activity. Lutnick shared his views on the recent approval of spot Bitcoin ETFs by the U.S. SEC, stating that he doesn't believe they will restore confidence in the crypto sector. He expects the price of Bitcoin to go up in the run-up to the Halving in April. Lutnick questioned the relevance of Bitcoin and stablecoins for American investors, arguing that cryptocurrencies are more significant in countries with unstable currencies. He spoke about Tether and its importance in emerging markets, confirming that Tether Holdings has the funds it claims to have. Lutnick mentioned Cantor Fitzgerald's plans to compete with CME Group in 2024 through FMX. He believes that banks will perform exceptionally well in 2024, benefiting from increased trading activity. Lutnick expressed optimism for the banking sector's performance in the coming year.
#Bitcoin #Tether #FederalReserve #Inflation #InterestRates #CapitalMarkets #Stablecoins #Sec #Cryptocurrency #CantorFitzgerald #CmeGroup #BankingSector
https://www.cryptoglobe.com/latest/2024/01/cantor-fitzgerald-ceo-on-why-bitcoin-will-go-up-why-he-is-not-worried-about-tether-and-why-americans-are-not-serious-about-crypto/