Howard Lutnick, CEO of global financial services firm Cantor Fitzgerald, shared his view on bitcoin Friday in a post on social media platform X. Referencing his interview with Maria Bartiromo on Fox Business, he wrote:
Yesterday, I told Maria Bartiromo that bitcoin is a commodity. When you truly understand bitcoin, it’s hard to see it any other way.
In the interview, Maria Bartiromo asked Lutnick about his views on regulations governing commodities versus equities. The Cantor Fitzgerald CEO asserted that over the course of the next two decades, commodities and equities are likely to converge. “Eventually commodities and equities will kind of merge over a long period of time — over, maybe, 20 years,” he described.
The Cantor Fitzgerald executive then commented on crypto regulations, stating that regulators are unsure how to regulate the sector. “They don’t even know how to do crypto and digital at all. They have no idea. They still don’t understand how important it is to actually get it right,” he stressed, emphasizing:
They have no idea bitcoin is a commodity. It should be treated like gold and like oil, it’s just a commodity.
“Other digital currencies — different. Other digital assets — different. But bitcoin is a commodity. But why can’t they understand it? It just doesn’t make sense to me,” he opined.
Lutnick, a bitcoin advocate, wrote on X in July: “I am a fan of bitcoin. Cantor Fitzgerald is a fan of bitcoin, and our investment bank is a rockstar in the digital asset space. We are just getting started.” Earlier this month, he stated: “Over the last five years, bitcoin has been an outsider to the tradfi community, and it’s only now dipping its toe into global finance. Cantor will help tradfi bring bitcoin all the way in. Tradfi wants new asset classes, and BTC is here to stay.”
