“I’m a fan of cryptocurrencies, but let me be very specific: Bitcoin, just Bitcoin. These other coins, they’re not just things,” he said in an interview. CNBC’s Money Movers Podcast. Lutnick also said that Cantor Fitzgerald is a fan of Tether as he is one of the stablecoin’s custodians. Other managers are Charles Schwab (SCHW) and Fidelity.
“I’m a big fan of this stablecoin called Tether…I hold their treasury. So I keep their treasury and they have a lot of treasuries. ” he said. For Lutnick, Bitcoin’s value comes from decentralization, which he doesn’t struggle with. Different from Ethereum Or some layer 1.
“Is it the only asset that people can hold that no one can take away from them? Bitcoin.”
“With Tether, you can call Tether and we will freeze Tether, alluding to the freezing of wallets related to recent sanctions…With Ethereum, you can call Joe Rubin You can call,” he continued.
Rubin is denied He and ConsenSys have so far controlled more than 0.5 percent of Ethereum’s total supply, he said.