Posted 12/13/2023, 7:29:00 AM
Cantor Fitzgerald CEO Lutnick Praises Bitcoin as Truly Decentralized, Contrasts with More Centralized Coins Like Ethereum and Tether
- Cantor Fitzgerald CEO Howard Lutnick is a big fan of Bitcoin (BTC), calling it the only truly decentralized cryptocurrency
- Lutnick also said he is a fan of Tether (USDT) stablecoin and Cantor Fitzgerald custodies some of its treasuries
- He believes Bitcoin's main value lies in its decentralization, which he feels coins like Ethereum lack
- Lutnick contrasted Bitcoin's decentralization with Tether, which can freeze wallets, and Ethereum, which he alleges ConsenSys and Joe Lubin control
- He dismissed other cryptocurrencies besides Bitcoin as "not a thing"