Bitcoin and Tether: A Love Story from Wall Street

Cantor Fitzgerald's CEO Proclaims Support for Bitcoin and Tether

Cantor Fitzgerald CEO is a Bitcoin Maxi and Tether fan.

Who said love is dead? Howard Lutnick, the CEO of Cantor Fitzgerald, has revealed his ardent passion for cryptocurrencies, specifically Bitcoin (BTC) and Tether (USDT). In an interview with CNBC’s Money Movers podcast, Lutnick gushed, “I am a fan of crypto, but let me be very specific, bitcoin, just bitcoin. These other coins, they are just not a thing.” Ouch, other coins, consider yourself rejected!

But wait, there’s more. Lutnick, the ultimate crypto Romeo, professed his admiration for Tether, praising its stability and revealing that Cantor Fitzgerald is one of the privileged custodians of this stablecoin. Move over Romeo and Juliet, this is a love story for the digital age.

Now, let’s dive deeper into the mind of this crypto connoisseur. Lutnick believes that the true value of bitcoin lies in its decentralization. Unlike Ethereum and some other layer-1s that have struggled in this regard, bitcoin stands tall as the only asset that no one can snatch away. It’s like having a secret hiding place for your treasure, where no thieves can ever lay their hands on it.

But what about Tether? Well, according to Lutnick, Tether is like the trustworthy friend you can always rely on. Need to freeze your funds? Just give Tether a call, and voila! Locked away, safe and sound. It’s like having a superhero on speed dial, ready to protect your assets with a single command.

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In a plot twist, Lutnick playfully teased Ethereum and its co-founder Joe Lubin. With a mischievous smile, he quoted Elsa from Frozen, saying, “Let it go, let it go.” Lubin, who has been accused of controlling a significant portion of Ethereum’s supply, quickly disavowed such claims. Looks like there’s some fiery drama brewing in the land of smart contracts.

So, there you have it. Lutnick, the crypto enthusiast with a soft spot for bitcoin and Tether, is lighting up the Wall Street scene. Will his love affair with these digital assets flourish or fizzle out? Only time will tell.

Do you share Lutnick’s enthusiasm for Bitcoin and Tether? Or do you think other cryptocurrencies deserve some love too? Let us know in the comments below!

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