“Bitcoin should be valued like gold”

Cantor Fitzgerald CEO Howard Lutnick, who is on US presidential candidate Donald Trump’s team, made striking statements about Bitcoin.

Lutnick stated that Bitcoin has a similar structure to commodity assets such as gold and oil. The financial expert stated that Bitcoin should be classified as a commodity due to this similarity.

Appearing on Fox Business on September 27, Lutnick called on regulators to evaluate Bitcoin in the same category as gold.

US presidential candidate Donald Trump’s team announced that Cantor Fitzgerald CEO Howard Lutnick has joined the team. The announcement, made on August 16, was praised by the crypto community.

Paradigm’s government relations manager Alex Grieve commented on Lutnick’s inclusion on Trump’s team as an important step for crypto.

Speaking to Fox Business the other day, Lutnick said; “Let’s really admit it, they don’t know how crypto and digital assets should be regulated. They don’t know enough about this; they didn’t understand the importance of proper regulation.”

Lutnick, who says “Bitcoin is just a commodity,” believes that the financial market will change radically in 20 years. According to the financial expert, commodities and stocks will merge in the near future.

Lutnick, who stated that Bitcoin has established its status well, called for clearer regulation of the cryptocurrency space.

Lutnick’s company announced on July 27 that it has launched a $BTC lending program. Lutnick stated that the service will start with a $2 billion lending and will grow day by day.

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