• Home
  • About Us
  • Privacy Policy
  • Terms and Conditions
  • Team
  • Contact
Saturday, May 31, 2025
FinCurrency
No Result
View All Result
  • Home
  • News
  • Finance
  • Economy
  • Crypto
  • Home
  • News
  • Finance
  • Economy
  • Crypto
No Result
View All Result
FinCurrency
No Result
View All Result

Is Bitcoin the Next Gold? Howard Lutnick Drops a Bombshell

Andras Crow-Hreidar by Andras Crow-Hreidar
September 28, 2024
in Crypto, News
Reading Time: 2 mins read
A A
0
Is Bitcoin the Next Gold? Howard Lutnick Drops a Bombshell
0
SHARES
1
VIEWS
FacebookTweetPinShareShare

In a recent interview with Fox Business, Howard Lutnick, the CEO of Cantor Fitzgerald, strongly criticized Bitcoin skeptics and made a bold statement in favor of BTC. His statement has triggered discussions across social media platforms, with many coming forward to openly support Lutnick’s views. Let’s analyze his statement and its possible impact. Ready?

Bitcoin is a Commodity, Not Just a Digital Currency

blockdag 70m

Even in this era of modern finance, Bitcoin is still considered by most industry experts to be a mere digital currency – nothing more. Howard Lutnick fiercely challenged this attitude towards Bitcoin. He appealed to experts to accept Bitcoin as a commodity, even likening it to top commodities like Gold and Oil. Meanwhile, he declined to advocate for other cryptocurrencies, notably presenting Bitcoin as something clearly different from others in the crypto market.

Long-Term Convergence of Commodities and Equities

Interestingly, Howard Lutnick forecasted a convergence between commodities and equities. However, he ruled out the possibility of an immediate convergence, claiming that the process would take a minimum of 20 years. He also predicted that the time will come when Bitcoin will be treated like Gold. This perspective not only affects the current discussion but also influences future Bitcoin price predictions as investors consider its potential status as a commodity.

In conclusion, Howard Lutnick’s bold statement about Bitcoin highlights the urgent need to rethink how industry experts and even regulators consider BTC. Interestingly, the overwhelming support his statement has received on social media platforms indicates that he is not the only one who demands a change in the attitude of ‘so-called’ financial experts towards the world’s largest cryptocurrency by market cap.

Also Read:

  • Crypto Market Prediction: Key Macroeconomic Factors to Watch in Q4

Follow Us for Inspiring Posts and Stories

Tags: Bitcoin
Previous Post

Why XRP Price Is Poised for a Rally After Years of Consolidation?

Next Post

Bitcoin Breaks $66,000, But Analyst Warns Against Fresh Longs—Here’s Why

Andras Crow-Hreidar

Andras Crow-Hreidar

Hi there, my name is András and I'm a business and finance journalist living in Norway. My passion lies in uncovering the latest stories in the world of finance and delivering them to my readers in a way that's clear and engaging. I cover a wide range of topics in the finance world, including cryptocurrencies, which I believe have the potential to transform the way we interact with money and financial systems.As a journalist, I'm committed to providing my readers with accurate and reliable reporting. I believe that access to high-quality information is essential for making informed decisions, whether it's about personal finances or investments. When I'm not writing about finance, I enjoy a variety of hobbies and interests.

Next Post

Bitcoin Breaks $66,000, But Analyst Warns Against Fresh Longs—Here’s Why

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

No Result
View All Result

Popular News

  • How BlockDAG’s Community-First Strategy Raised $68.3M in Presale; Cardano To Roll out New Update & Solana Price Prediction Bullish

    How BlockDAG’s Community-First Strategy Raised $68.3M in Presale; Cardano To Roll out New Update & Solana Price Prediction Bullish

    0 shares
    Share 0 Tweet 0
  • Top 10 Altcoins Under $1 to Invest in 2025

    0 shares
    Share 0 Tweet 0
  • Alex Mashinsky Net Worth: From Tech Pioneer to Legal Battle

    0 shares
    Share 0 Tweet 0
  • Vanguard Routing Number: How to Find and Use It

    0 shares
    Share 0 Tweet 0
  • How to Earn Passive Income? Embrace the Future of Passive Income and Earn 20% Instant USDT with Caged Beasts Coin

    0 shares
    Share 0 Tweet 0

Recent News

$12k Void Opens Up Possibility Of Crash Toward $75,000

$12k Void Opens Up Possibility Of Crash Toward $75,000

January 11, 2025
Phishing, Fake Mining Scams, and $474K Loss in One Week

Phishing, Fake Mining Scams, and $474K Loss in One Week

January 11, 2025
3 kleine crypto’s met potentie

3 kleine crypto’s met potentie

January 11, 2025
Unbelievable 1000x Return in Just 12 Hours!

Crypto Whale Bags $4.9M in Profit with Solana’s AI Meme Coin

January 11, 2025
FinCurrency Logo White Mode Retina Mobile

FinCurrency is a user-friendly platform that stands out as a unique source where our strong team of experienced and academically qualified writers, who are experts in their fields, analyze current issues and global affairs related to the finance and crypto world in an enjoyable and non-technical approach.

$12k Void Opens Up Possibility Of Crash Toward $75,000

$12k Void Opens Up Possibility Of Crash Toward $75,000

January 11, 2025
Phishing, Fake Mining Scams, and $474K Loss in One Week

Phishing, Fake Mining Scams, and $474K Loss in One Week

January 11, 2025
3 kleine crypto’s met potentie

3 kleine crypto’s met potentie

January 11, 2025
Unbelievable 1000x Return in Just 12 Hours!

Crypto Whale Bags $4.9M in Profit with Solana’s AI Meme Coin

January 11, 2025

WARNING:

The content on this site should not be considered investment advice and we are not authorised to provide investment advice. Nothing on this website is an endorsement or recommendation of a particular trading strategy or investment decision. The information on this website is general in nature so you must consider the information in light of your objectives, financial situation and needs.
Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence or obtain advice where necessary. This website is free for you to use but we may receive a commission from the companies we feature on this site.

  • Home
  • About Us
  • Privacy Policy
  • Terms and Conditions
  • Team
  • Contact

© 2024 FinCurrency - Global News

No Result
View All Result
  • Home
  • News
  • Economy
  • Finance
  • Crypto
  • Technology
  • Terms and Conditions
  • Contact

© 2024 FinCurrency - Global News

Banner 1
Banner 2
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Terms and Conditions.