8.6 C
London
Monday, November 11, 2024

Cantor Fitzgerald CEO, Managing 13 Billion Dollars, Talked About Bitcoin! “Must Be Treated Like Gold and Oil”

Date:

Related stories

Essential Steps to Take When Dealing with an Ankle Sprain

Ankle sprains affect around 6,000 people daily in France,...

Post-Election Analysis: Accountability and Future Prospects for US Democrats

The Democratic Party is facing a significant crisis following...

Exploring Streaming Careers: Is Full-Time Gaming a Viable Profession?

Max Lysser, a full-time streamer on TikTok, engages deeply...

Potential Impact of Trump’s Policies on US Aid to Africa

Former President Trump's lack of engagement with Africa during...
- Advertisement -

Howard Lutnick, CEO of $13.2 billion financial services giant Cantor Fitzgerald, recently of Bitcoin made a bold statement defending its status as a commodity.

Cantor Fitzgerald CEO: “Bitcoin is a commodity like gold and oil”

In a recent interview, Lutnick emphasized that Bitcoin should be evaluated similarly to traditional commodities such as gold and oil, rather than being equated with other digital assets.

“Once you truly understand Bitcoin, it’s hard to see it any other way,” Lutnick said, expressing his belief that Bitcoin has unique value as a decentralized asset, adding: “Bitcoin is a commodity. It should be treated like gold or oil. It’s just a commodity. Other digital currencies and assets are different.”

Lutnick criticized the slow regulatory adoption of digital currencies, pointing out that regulators still struggle to grasp the nuances of crypto. While Lutnick believes that commodity and equity regulations may gradually converge over the next two decades, he noted that current regulatory frameworks are far from catching up in the digital asset space.

Lutnick, “cryptocurrency “And they don’t even know what digital is,” he said and added: “They still don’t understand how important it is to do this job right.” They just say platitudes and go on TV. “They have no idea what they’re talking about.”

Despite the rapid growth of Bitcoin and cryptocurrencies, regulators have been cautious about imposing sweeping rules, leading to uncertainty in the market.

*This is not investment advice.

For exclusive news, analysis and on-chain data Telegram our group, Twitter our account and YouTube Follow our channel now! Moreover Android And iOS Start live price monitoring now by downloading our applications!


source site-4

Latest stories