
Cantor Fitzgerald CEO Howard Lutnick has made a significant prediction regarding the future of Bitcoin in traditional finance. Lutnick stated that big banks and traditional finance companies are poised to embrace Bitcoin as a new asset class once regulatory conditions improve. He emphasized that these institutions are currently held back by existing U.S. regulatory requirements but are eager to transact in Bitcoin. Lutnick also mentioned that Cantor Fitzgerald, a $13.2 billion company, would play a key role in integrating Bitcoin into the traditional finance system. He projected that U.S. banks could start holding Bitcoin within the next five years, with regulatory clearance expected to pave the way for this transition. Additionally, the CFTC is expected to regulate Bitcoin.

