
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.


The CEO of Cantor Fitzgerald says if the regulatory environment was good, that all the tradfi companies would "go head first into bitcoin." https://t.co/1K9MKpq1iH
NEW: Howard Lutnick, CEO of Cantor Fitzgerald, believes traditional finance will embrace #Bitcoin as soon as regulators give the green light. Will banks go all-in? 👀🚀 https://t.co/XF53C5zEbU
#ICYMI: Cantor Fitzgerald CEO predicts US banks to hold #Bitcoin within 5 years Read the full article 👇 https://t.co/XXeTYF7W6w https://t.co/taulb7mnBV