Bitcoin (BTC) and Tether (USDT) are the most popular cryptocurrencies of Howard Lutnick, CEO of Wall Street broker Cantor Fitzgerald.
“I'm a fan of crypto, but let me be very specific: Bitcoin, just Bitcoin. “Those other coins are just not a thing,” he said during an interview with CNBC's Money Movers podcast. Lutnick also said that he is a fan of Tether as Cantor Fitzgerald is one of the stablecoin's custodians. Other custodian banks are Charles Schwab (SCHW) and Fidelity.
“I'm a big fan of this stablecoin called Tether… I own its treasury. That’s why I keep their treasuries, and they have a lot of treasuries,” he said. For Lutnick, Bitcoin's value lies in its decentralization, which it has no problems with, unlike Ethereum or some Layer 1 companies.
“The one asset that people could have kept where no one could take it? Bitcoin,” he said.
“With Tether, you can call Tether and they will freeze it, alluding to the recent sanctions-related wallet freeze… with Ethereum you can call Joe Lubin,” he continued.
Lubin has denied that he and Consensys ever controlled more than half a percent of the total Ethereum supply.
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