Howard Lutnick, CEO of Cantor Fitzgerald, emphasized that Bitcoin’s status as a commodity is well-established and should be treated similarly to gold and oil. Speaking on September 28, Lutnick called for clearer regulations within the cryptocurrency sector, asserting, “Bitcoin is a commodity. It should be treated like gold and oil. It’s just a commodity.”
Lutnick predicts a long-term convergence between commodities and stocks, a trend he believes could unfold over the next 20 years. He expressed concerns about regulators’ grasp of Bitcoin’s significance and the broader digital asset landscape: “Frankly speaking, they don’t even know how to deal with cryptocurrencies and digital assets. They have no idea; they still don’t understand how to deal with it. Understand the importance of these issues.”
In addition to his regulatory insights, Lutnick recently announced a new initiative—a Bitcoin loan program aimed at providing leverage to investors. His firm plans to launch $2 billion in loans through their “Bitcoin Financing Business,” underscoring a growing belief in Bitcoin’s viability as an investment asset.
As discussions around regulation and classification continue, Lutnick’s remarks may shape how Bitcoin and similar assets are perceived and managed in the financial world.
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