Cantor Fitzgerald CEO Expresses Love for BTC and USDT
Date: 2023-12-13 Author: Dima Zakharov Categories: BUSINESS, IN WORLD
Lutnick's Affection for Cryptocurrencies
In an exclusive interview with CNBC Money Movers, Howard Lutnick, the CEO of Cantor Fitzgerald, a prominent Wall Street brokerage firm, shared his enthusiasm for the world of cryptocurrencies. Lutnick's remarks shed light on his strong affection for two specific digital assets: Bitcoin (BTC) and Tether (USDT).
BTC - Simply Bitcoin
During the interview, Lutnick didn't mince words when expressing his admiration for Bitcoin (BTC). He straightforwardly stated, "I'm a cryptocurrency fan, but let me be specific: BTC is simply Bitcoin, and other coins represent something different." Lutnick emphasized the unique status of Bitcoin among digital currencies, highlighting its decentralized nature.
Lutnick's Fondness for Tether
Lutnick also revealed his appreciation for Tether (USDT), a stablecoin. He praised Tether for its role in providing stable-value storage solutions. He remarked, "I'm a big fan of the stablecoin Tether USDT. I own and manage their 'treasuries.' Being responsible for this, I understand how it all works. They truly have a substantial amount of assets."
Bitcoin's Unique Decentralization
In Lutnick's view, Bitcoin's true value lies in its decentralization, distinguishing it from Ethereum and some other blockchain platforms. He confidently asserted, "The only asset that people could store, and no one could take, confiscate, or freeze, is Bitcoin."
Differences in Asset Control
Lutnick also pointed out the differences in asset control within the cryptocurrency space. He noted that with Tether, one can easily contact the company to freeze someone's assets if needed, citing instances of international sanctions enforcement. Similar control can be exerted in Ethereum through communication with developer Joe Lubin.
Ethereum Ownership Denial
The CEO's comments also touched upon Ethereum's ownership dynamics. Lutnick refuted claims that he or his company, Consensys, ever controlled more than 0.5% of the total issuance of Ethereum (ETH).
As of December 13, 2023, at 10:45 Moscow time, the price of BTC stands at $41,130, with a market capitalization of $804.91 billion, marking a 1.78% decrease over the past 24 hours. Trading volumes in the last 24 hours reached $25.05 billion, and Bitcoin's market dominance currently stands at 51.9%.
