Odaily Planet Daily News: Cantor Fitzgerald pointed out in its bi weekly macro report released on Tuesday that inflation issues will continue to pose challenges and there are significant upward risks, while recommending investors to pay attention to gold and Bitcoin as potential investments to combat inflation.
The report emphasizes that despite the Federal Reserve's interest rate cut cycle starting in September, the core inflation rate has remained above 2% for four consecutive years, indicating significant inflationary pressure. Nevertheless, Cantor Fitzgerald predicts that the stock market will rise before the end of the year, but in the medium term, the stock market outlook is not optimistic and may prove to be a poor investment choice.
Specifically, Cantor Fitzgerald reiterated concerns about the risk of rising inflation rates, pointing out that even in the context of core inflation rates consistently above 2%, inflation risks remain significant. Faced with this challenge, the financial institution recommends that investors take proactive measures, with gold and Bitcoin being seen as effective tools to combat inflation. Cantor Fitzgerald explicitly stated, "Our view is to buy Bitcoin and gold to address the theme of inflation
To assist investors with similar ideas, the report also lists a series of exchange traded funds (ETFs) related to gold and Bitcoin that can be further monitored.
Among them, Bitcoin ETFs include iShares Bitcoin Trust (IBIT. US), ARK 21Shares Bitcoin Trust (ARKB. US), Grayscale Bitcoin Trust (GBTC. US), CoinShares Valkyrie Bitcoin Fund (BRRR. US), Invesco Galaxy Bitcoin ETF (BTCO. US), VanEck Bitcoin Trust (HODL. US), WisdomTree Bitcoin Fund (BTCW. US), Fidelity Wise Origin Bitcoin Trust (FBTC. US), Bitwise Bitcoin ETP Trust (BITB. US), Franklin Bitcoin ETF (EZBC. US), etc. (Zhitong Finance Network)
