Cantor Fitzgerald CEO with $13.2 Billion Wealth Reveals How Much Bitcoin He Owns
The post Cantor Fitzgerald CEO with $13.2 Billion Wealth Reveals How Much Bitcoin He Owns appeared on BitcoinEthereumNews.com.
Howard Lutnick, CEO of Cantor Fitzgerald, one of the world’s leading investment companies with an estimated fortune of $13.2 billion, attracted attention with his assertive stance on Bitcoin. Speaking candidly in a recent interview, Lutnick outlined the depth of his personal and institutional investments in BTC, revealing a significant amount of investment and an ambitious outlook. “I have hundreds of millions of dollars invested in Bitcoin,” Lutnick said when asked about the size of his Bitcoin holdings, “and it’s going to be in the billions.” Lutnick’s optimism reflects Cantor Fitzgerald’s strategic view of its role in integrating Bitcoin into mainstream finance. “Cantor Fitzgerald will be a sponsor of the integration of Bitcoin into traditional finance,” Lutnick said, expressing the firm’s intention to lead by example and pave the way for broader adoption among traditional banking institutions. “Once we show how to do this right, all the banks will copy,” he said. Lutnick’s comments touched on tactical considerations beyond simple advocacy, as well as how Bitcoin should be positioned in the marketplace. He suggested that Bitcoin be viewed as a commodity, similar to gold or oil, rather than a currency. “If you say, ‘I’m just oil, I’m just gold, I’m just a commodity product,’ then they’ll leave you alone,” Lutnick said, arguing that such an approach would avoid political friction and align with global commodity markets. Lutnick’s vision extends to a future where Bitcoin, known for its rarity and unique properties, will be valued and financed similarly to gold, becoming “increasingly rare” and correspondingly valuable over time. *This is not investment advice. Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data! Source: https://en.bitcoinsistemi.com/cantor-fitzgerald-ceo-with-13-2-billion-wealth-reveals-how-much-bitcoin-he-owns/
Filed under: News - @ November 3, 2024 1:14 pm