Howard Lutnick, CEO of Cantor Fitzgerald, said bitcoin is a commodity. “When you really understand bitcoin, it’s hard to see anything else,” he said, adding that the cryptocurrency “should be treated like gold and like oil.” While he said other digital assets may be different, he was adamant that BTC is a commodity.
Howard Lutnick sees Bitcoin as a commodity
Howard Lutnick, CEO of global financial services firm Cantor Fitzgerald, shared his views on bitcoin on Friday in a post on social media platform X. Referring to his interview with Maria Bartiromo on Fox Business, he wrote:
Yesterday, I told Maria Bartiromo that bitcoin is a commodity. Once you really understand bitcoin, it's hard to see it any other way.
During the interview, Maria Bartiromo asked Lutnick about his views on commodity versus stock regulation. The Cantor Fitzgerald CEO asserted that commodities and stocks are likely to converge over the next two decades. “Ultimately, commodities and stocks will merge for a long time—probably 20-plus years,” he described.
Cantor CEO Fitzgerald then commented on cryptocurrency regulations, stating that regulators are uncertain about how to regulate the sector. “They don’t even know how to do crypto and digital. They have no idea. They still don’t understand the importance of actually doing it right,” he stressed, noting:
They don't know that bitcoin is a commodity. It should be treated like gold and like oil, it's just a commodity.
“Other cryptocurrencies — different. Other digital assets — different. But bitcoin is a commodity. But why can't they understand it? To me, it doesn't make any sense,” he said.
Lutnick, a bitcoin advocate, wrote on X in July: “I am a bitcoin fan. Cantor Fitzgerald is a bitcoin fan and our investment bank is a rock star in the digital asset space. We are just getting started.” Earlier this month, he stated: “For the past five years, bitcoin has been an outsider to the tradfi community and is only now starting to enter global finance. Cantor will help tradfi take bitcoin to the edge. Tradfi wants new asset classes and BTC is here to stay.”
What do you think about Howard Lutnick's view on bitcoin being a commodity? Let us know in the comments below.
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