Cantor Fitzgerald CEO Declares Himself a ‘USDT Superfan’, Bullish on Bitcoin Halving
Wall Street Giant Embraces Cryptocurrency: A Vote of Confidence for Tether and Bitcoin
Cantor Fitzgerald, a Wall Street bond trading powerhouse and one of the 25 primary dealers authorized to trade U.S. Treasuries directly with the Federal Reserve, has been managing billions in reserves for Tether for years. Howard Lutnick, CEO of Cantor Fitzgerald, recently expressed his staunch support for USDT, calling himself a ‘loyal fan’, and also showed optimism for Bitcoin’s future.
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Further reading：Wall Street Advisors Eager for Bitcoin Spot ETF: 80% Expect Launch, Half Hold BTC!
Cantor Fitzgerald’s Deep Ties with Tether
Cantor Fitzgerald’s relationship with Tether began in late 2021, with The Wall Street Journal reporting in February this year that Tether had entrusted Cantor Fitzgerald with managing up to $39 billion in U.S. Treasury reserves. This partnership reflects Cantor Fitzgerald’s willingness to engage in the cryptocurrency business, unlike many other companies in the sector.
Lutnick’s Enthusiasm for USDT and Bitcoin
In a recent appearance on CNBC’s podcast “Money Movers,” Lutnick remarked, “USDT currently has a market value of over $90 billion. I am a faithful fan of Tether. I manage U.S. Treasuries for them, and they own a lot of U.S. Treasuries.”
Despite skepticism about USDT’s long-term stability, Lutnick believes Tether has the potential to benefit countries struggling with inflation. He cited the example of Argentina, whose newly elected president Javier Milei suggested replacing the national currency with the U.S. dollar.
Further reading：Tether’s Ambitious Expansion: Investing $500 Million in Mining Ventures in the Next Six Months
Lutnick’s Bullish Outlook on Bitcoin
Lutnick expressed his preference for Bitcoin over other cryptocurrencies, saying, “I’m a fan of cryptocurrencies, specifically Bitcoin. Other cryptocurrencies are not the same thing.” He values Bitcoin’s decentralized nature and contrasts it with Ethereum and other public chains, noting that USDT and Ethereum can be easily frozen.
“The only asset that people can own without fear of being taken away is Bitcoin,” said Lutnick.
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Anticipating the Bitcoin Halving Catalyst
Lutnick anticipates the upcoming block reward halving as a catalyst for Bitcoin, reflecting on past bull market cycles where Bitcoin benefited post-halving. He also views Bitcoin as a safe asset for those concerned about the current U.S. fiscal policy.
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Keywords: Cantor Fitzgerald, Howard Lutnick, USDT, Bitcoin, Cryptocurrency, Tether, U.S. Treasury Reserves, Wall Street, Primary Dealer, Federal Reserve, Bitcoin Halving, Bull Market, Decentralization, Safe Asset, Javier Milei, Argentina, CNBC, Money Movers
