Howard Lutnick should be in a position to know about Tether’s finances, as his company is its U.S. Treasury securities portfolio manager.
Cantor Fitzgerald CEO Howard Lutnick sees limited impact of the new United States spot Bitcoin exchange-traded funds (ETFs) on confidence in cryptocurrency, after it took such a beating last year, he said at the World Economic Forum (WEF) in Davos, Switzerland, but he had good words to say about Tether.
Lutnick was bullish on Bitcoin (BTC) as he spoke to Bloomberg TV. “BTC is going to stay steady, I think, but when the halving comes, it’s going to rally and grow,” he said, but the spot BTC ETFs are “just a way for Americans to buy it.” Bitcoin “isn’t an American thing,” according to Lutnick:
Lutnick’s enthusiasm for stablecoin is not by chance. The financial services company he heads manages Tether Holdings’ United States Treasury securities portfolio. Lutnick gave assurances about Tether (USDT):
