Cantor Fitzgerald CEO: A Bitcoin Maximalist and Tether Fanatic

• Bitcoin and Tether: The Preferred Cryptocurrencies of Howard Lutnick, CEO of Cantor Fitzgerald
• Lutnick's View on Other Coins
• Tether: A Stablecoin of Interest
• Bitcoin's Value: Decentralization
• Tether Versus Other Coins

Bitcoin and Tether: The Preferred Cryptocurrencies of Howard Lutnick, CEO of Cantor Fitzgerald

Howard Lutnick, the CEO of Wall Street broker Cantor Fitzgerald, has openly expressed his preference for the cryptocurrencies Bitcoin$42,260 -0.64% (BTC) and Tether$1.000 -0.12% (USDT) during an interview with CNBC's Money Movers podcast. While expressing his general enthusiasm for cryptocurrency, Lutnick emphasized his specific interest in Bitcoin.

Lutnick's View on Other Coins

Regarding other cryptocurrencies, Lutnick candidly shared that he considers them far less significant compared to Bitcoin. He asserted, These other coins, they are just not a thing.

Tether: A Stablecoin of Interest

Lutnick also voiced his admiration for Tether, as Cantor Fitzgerald serves as one of the custodians for this stablecoin. Other custodians include financial services giants like Charles Schwab (SCHW) and Fidelity. Lutnick enthusiastically stated, I'm a big fan of this stablecoin called Tether...I hold their treasuries. So I keep their treasuries, and they have a lot of treasuries.

Bitcoin's Value: Decentralization

According to Lutnick, the value of Bitcoin lies in its decentralization, a characteristic that has not proven to be a problem for Bitcoin as it has for Ethereum$2,315 -2.42% and some layer-1s. He boldly proclaimed that Bitcoin is the only asset that people can hold where no one else has control.

Tether Versus Other Coins

He further compared Tether with other cryptocurrencies, suggesting that Tether is more controllable since it can be frozen by contacting Tether directly. Highlighting the recent freeze of wallets connected to sanctions, he suggested that Ethereum could also be controlled due to its ties to Joe Lubin.

Lubin, in response, has clarified that he and Consensys, the blockchain company he co-founded, have never controlled more than half a percent of the total supply of Ethereum.

Edited by Jonathan Stoker