Cantor Fitzgerald warns of inflation risks and recommends Bitcoin and gold ETFs as safe havens
Odaily News In its biweekly macro report released on Tuesday, Cantor Fitzgerald pointed out that inflation will continue to pose challenges and there are significant upside risks, while recommending investors to pay attention to gold and Bitcoin as potential investments to fight inflation. The report emphasized that despite the Fed's interest rate cut cycle starting in September, the core inflation rate has remained above 2% for four consecutive years, indicating greater inflationary pressure. Despite this, Cantor Fitzgerald predicts that the stock market will rise before the end of the year, but in the medium term, the outlook for stocks is not optimistic and may prove to be a poor investment option. Specifically, Cantor Fitzgerald reiterated concerns about the upside risks of inflation rates, pointing out that even in the context of core inflation rates continuing to be above 2%, inflation risks remain significant. Faced with this challenge, the financial institution recommends that investors take active countermeasures, among which gold and Bitcoin are seen as effective tools to fight inflation. Cantor Fitzgerald made it clear: "Our view is to buy Bitcoin and gold as a way to deal with the inflation theme." To help investors with similar ideas, the report also lists a series of gold and Bitcoin-related exchange-traded funds (ETFs) that can be further monitored. Among them, Bitcoin ETFs include iShares Bitcoin Trust (IBIT.US), ARK 21Shares Bitcoin ETF (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)