**New developments in cryptocurrency: Bitcoin's status is established, and calls for regulation are re-emerging! **
BlockBeats news, on September 28, Howard Lutnick, CEO of Cantor Fitzgerald, a US financial services company, made a striking statement. He said that Bitcoin's status as a commodity has been established, and called for clearer regulation of the cryptocurrency field. Lutnick believes that Bitcoin should be treated like gold and oil, calling it a "commodity."
Lutnick further pointed out that he believes that commodities and stocks will gradually merge in the long run, which may take 20 years. This view undoubtedly brings a new direction of thinking to the market. He also expressed concerns about regulators in dealing with Bitcoin and the broader digital asset industry: "Frankly speaking, they don't even know how to deal with cryptocurrencies and digital assets, they have no concept at all; they still don't understand the importance of figuring out these issues."
Lutnick's remarks are not just theoretical. He previously announced the launch of a Bitcoin loan program to provide "leverage" to investors who own Bitcoin. Through its "Bitcoin Financing Business", they plan to launch loans of up to $2 billion. This move undoubtedly provides Bitcoin holders with new investment and financing channels.
How does the market react to this series of dynamics? We are neutral. As an emerging digital asset, Bitcoin's market performance and future development are still full of uncertainty. Strengthened regulation may bring more stability to the market, but it may also limit its space for free development.
Dear readers, what do you think of Lutnick's views and his Bitcoin loan plan? Welcome to share your views and insights in the comment section! 📈
Whether you are a loyal fan of cryptocurrency or are on the sidelines, we look forward to your participation and discussion. After all, only through multi-party communication and collision can we better understand this complex and potential market.
Finally, I remind everyone that investment is risky and you need to be cautious when entering the market. I hope that while paying attention to the cryptocurrency market, you should also remain rational and calm. Looking forward to interacting with you in the comment section!
