Cantor Fitzgerald’s CEO, Howard Lutnick, has spoken highly of Tether and Bitcoin during an interview. Cantor Fitzgerald has been responsible for managing Tether’s Treasury portfolio since late 2021, which currently stands at a whopping $90 billion. Lutnick expressed his admiration for Tether, referring to it as “really, really, really important” due to its ability to provide stability and liquidity to the cryptocurrency market. He highlighted the importance of stablecoins in maintaining stability amidst the volatility of the crypto space. Lutnick further emphasized the significance of Bitcoin, praising its limited supply and claiming that it serves as “digital gold” with the potential for exponential growth. He also acknowledged the evolving regulatory landscape surrounding cryptocurrencies and expressed optimism about the future of the market.
Cantor Fitzgerald’s endorsement of Tether and Bitcoin comes at a time when stablecoins are facing increased scrutiny from regulators worldwide. The ability of Tether to maintain its peg to the US dollar is of utmost importance in ensuring market stability, particularly given its substantial market capitalization. With Cantor Fitzgerald’s reputation as a global financial firm and its involvement in managing Tether’s Treasury portfolio, Lutnick’s support carries weight in the cryptocurrency community. As for Bitcoin, its status as a store of value and a potential hedge against inflation has been widely discussed and debated. The CEO’s recognition of Bitcoin’s limited supply and its role as “digital gold” aligns with the perspectives of many crypto enthusiasts. Overall, Lutnick’s endorsement adds credibility to Tether and further solidifies Bitcoin’s position in the ever-expanding crypto landscape.
