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".
