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Cantor Fitzgerald chairman Lutnick: Bitcoin is a commodity, not a currency... Howard Lutnick, who attended the Bitcoin Conference at the weekend and announced that Cantor Fitzgerald, of which he was the chairman of the board of directors, had Bitcoin with the words "We have a ton of Bitcoin", stated that the Fed will make an interest rate cut in September, but expects other discounts to come in 2025. Lutnick also said that Bitcoin is a commodity, not a currency. Howard Lutnick, the famous director of Cantor Fitzgerald, one of the important global investment companies, said in a broadcast he attended that he expects the Fed to make its first interest rate cut in September, but thinks other discounts will come in 2025. 'The Trump effect spreads to other companies as well' Lutnick, who was a guest on Bloomberg's broadcast from the US media, also touched upon the Donald Trump influence in the economy besides interest rate cuts. Lutinck, who called the Trump era, which is generally known for tax cuts and reduction of regulations, "Trump trade", said, "Trump trade also exceeds the Great 7 and spreads to other stocks. They will also rise. The trump effect is spreading towards the base," he said. As it is known, among the companies known as Muhteşem 7 are big technology companies such as Nvidia, Apple, Amazon and Alphabet. 'Bitcoin is a commodity' Speaking at the Bitcoin Conference at the weekend and stating that Cantor Fitzgerald, of which he is the chairman of the board of directors, has large amounts of Bitcoin, Lutinck also said that Bitcoin is not a currency, but a commodity. Lutnick also stated that two US presidential candidates also wanted interest rate cuts, which is "normal". $BTC #bitcoin #fed
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NAVAL: You can’t shut down bitcoin without turning off the whole internet. If it works, it will be the greatest wealth transfer of all time. $BTC #Bitcoin
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NEW: Cathie Wood's ARK to donate a fixed percentage of revenue to OpenSats to fund open source #Bitcoin contributors in perpetuity 🙌 $BTC
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Buffett sells half of Apple shares, cash back His company Berkshire Hathaway, of which Warren Buffett is the largest shareholder, sold half of Apple's shares. With sales of $84.2 billion, the company's cash assets rose to a record high to $277 billion. Famous stockbroker Warren Buffett's company Berkshire Hathaway sold half of Apple shares in the second quarter, which by far accounted for the largest share in its portfolio. Prior to the sale, Apple shares in Berkshire Hathaway were worth close to $170 billion. According to the latest report, the company now holds $84.2 billion in Apple shares. This means that about 49 percent of the shares are sold. Despite this large sale, Apple still remained the largest company in Berkshire Hathaway's portfolio. According to the current table, the second company with the largest share in the portfolio is Bank of America, with $41.1 billion. It is followed by American Express with $35.1 billion, Coca Cola with $25.5 billion, and Chevron with $18.6 billion. With the sale of Apple shares, Berkshire's cash asset was $277 billion, which was recorded as a new record level. Buffett had started to reduce Berkshire's shares in Apple late last year, with the billionaire, who raising the pace of share sales in early 2024, said in May that he would remain among Apple's long-term investments. This big stock sale of Buffett, which was seen as a surprise, said, 'Does he know something?' It caused comments to be made. #WarrenBuffett #apple
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