Howard Lutnick Sees Bitcoin as a Commodity

Howard Lutnick, CEO of global financial services firm Cantor Fitzgerald, shared his view on bitcoin Friday in a post on social media platform X.

Howard Lutnick, the CEO of Cantor Fitzgerald, believes that bitcoin is a commodity and should be treated like gold or oil. He stated this in a recent post on X, where he also shared his thoughts on crypto regulations.

Lutnick, a known bitcoin advocate, was asked by Maria Bartiromo during an interview on Fox Business about his views on regulations governing commodities versus equities. He expressed his belief that over the next two decades, commodities and equities will converge.

“Eventually commodities and equities will kind of merge over a long period of time — over, maybe, 20 years,” he said.

The Cantor Fitzgerald CEO then went on to discuss crypto regulations, highlighting the challenges faced by regulators in this area.

“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 stated.

Lutnick also emphasized his belief that bitcoin is a commodity and should be treated as such by regulators.

“They have no idea bitcoin is a commodity. It should be treated like gold and like oil, it’s just a commodity,” he stressed.

He further added that other digital assets may be different, but bitcoin’s status as a commodity is clear.

“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 concluded.

Lutnick has been a vocal supporter of bitcoin for several years. In July, he shared his thoughts on the cryptocurrency in a post on X, writing: “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 also 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.”

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