Cantor Fitzgerald warns of inflation risks and recommends Bitcoin and gold ETFs as safe havens

Cantor Fitzgerald noted in its biweekly macro report released on Tuesday that inflation will continue to pose a challenge and there are significant upside risks, while recommending that investors look at gold and Bitcoin as potential investments to combat inflation. The report emphasized that despite the Federal Reserve starting its interest rate cut cycle in September, the core inflation rate has remained above 2% for four consecutive years, indicating considerable inflationary pressure. Nonetheless, Cantor Fitzgerald predicts that stocks will rise by 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 choice. Specifically, Cantor Fitzgerald reiterated concerns about upward risks to inflation, pointing out that inflation risks remain significant even in the context of core inflation persisting above 2%. Faced with this challenge, the financial institution recommended that investors take active measures, with gold and Bitcoin being regarded as effective tools to fight inflation. Cantor Fitzgerald made it clear: “Our view is to buy Bitcoin and gold as a counter to the inflation theme.” To help similarly minded investors, the report also lists a series of gold and Bitcoin-related exchange-traded funds (ETFs) that could 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) )wait. (Zhitong Finance Network)