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Cantor Fitzgerald analyst says Trump's grip on Fed is bullish for Bitcoin
Eric Johnston, chief equity and macro strategist at Cantor Fitzgerald, said on Aug. 26 that risk assets will benefit as President Donald Trump influences the Federal Reserve. Speaking in an interview with CNBC, Johnston shed light on Federal Reserve Chair Jerome Powell's dovish comments at the Jackson Hole symposium, where he hinted that a rate cut in September is on the way. Bitcoin, XRP, and other cryptocurrency assets remained relatively flat after the speech, but Ethereum reached an all-time high of $4,935. However, risk assets fell over the previous two sessions as investor expectations of a rate cut in ... (full story)
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