In a post on X on Sept. 4, the American billionaire businessman said that Bitcoin has been an outsider to the TradFi community over the past five years, and it’s only now “dipping its toe into global finance.”
“Cantor will help tradfi bring Bitcoin all the way in. Tradfi wants new asset classes, and BTC is here to stay.”Howard William Lutnick succeeded Bernard Gerald Cantor as the head of Cantor Fitzgerald in 1991. The firm is an American financial services company founded in 1945 with $480 billion in assets under management .plans to launch a Bitcoin financing business to provide leverage to investors who hold BTC.
“I think people misunderstand traditional financial service companies – they want to transact with Bitcoin, they want new asset classes to transact in.”has been an outsider to the tradfi community, and it’s only now dipping its toe into global finance. Cantor will help tradfi bring Bitcoin all the way in. Tradfi wants new asset classes, andto “say its okay,” he added. Banks do not want to hold Bitcoin because they have to lock away the equivalent in cash, he said.
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