TechFlow news — Howard Lutnick, CEO of financial services firm Cantor Fitzgerald, said at the World Economic Forum in Davos that inflation remains an ongoing issue and expressed skepticism toward market expectations for a 175-basis-point rate cut by the Federal Reserve, stating that the current 5% interest rate level is reasonable.
He also said the approval of spot Bitcoin ETFs will not restore confidence in the crypto market, as they merely represent another way for Americans to invest in Bitcoin. However, he did indicate that he expects Bitcoin's price to rise ahead of the halving event in April.
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