Bitcoin is Becoming Mainstream, Says Cantor Fitzgerald CEO
CryptoNewsTerminal Staff03 Sep, 2024
Bitcoin is Becoming Mainstream, Says Cantor Fitzgerald CEO
Bitcoin has gone from being an outsider in the mainstream investment community to being in the early stages of adoption by global finance, according to Howard Lutnick, CEO of Cantor Fitzgerald. In an interview with X, Lutnick said that Cantor Fitzgerald is helping to drive the adoption of Bitcoin in mainstream trading. He also predicted that more big banks and traditional finance (TradFi) firms will enter the Bitcoin market as regulation improves. Lutnick's comments come as Bitcoin has been gaining increasing attention from institutional investors. In recent months, several major companies, including Tesla and Square, have announced that they have purchased Bitcoin. The increasing adoption of Bitcoin by mainstream financial institutions is a sign that the cryptocurrency is becoming more accepted and trusted. As more people and businesses adopt Bitcoin, it is likely to become even more mainstream.
