“I’m a fan of crypto, however let me be very particular, bitcoin, simply bitcoin. These different cash, they’re simply not a factor,” he stated throughout an interview with CNBC’s Money Movers podcast. Lutnick additionally stated that he’s a fan of Tether, as Cantor Fitzgerald is without doubt one of the stablecoin’s custodians. Different custodians are Charles Schwab (SCHW) and Constancy.
“I’m an enormous fan of this stablecoin known as Tether…I maintain their treasuries. So I hold their treasuries, they usually have quite a lot of treasuries,” he stated. For Lutnick, bitcoin’s worth comes from its decentralization, one thing it hasn’t struggled with, unlike Ethereum or some layer-1s.
“The one asset folks might have held the place nobody might take it? Bitcoin,” he stated.
“With Tether, you’ll be able to name Tether, they usually’ll freeze it, alluding to the recent freeze of wallets tied to sanctions…with Ethereum, you’ll be able to name Joe Lubin,” he continued.
