Howard Lutnick, CEO of Cantor Fitzgerald, which manages $13.2 billion, recently made bold statements about Bitcoin (BTC) and Donald Trump.
Speaking on a recent podcast with Anthony Pompliano, Howard Lutnick said he has millions of dollars worth of Bitcoin.
Reiterating that Bitcoin is not a currency but a commodity, as he stated before, Lutnick said that they see declines as opportunities and buy in every decline.
Stating that he has hundreds of millions of dollars worth of BTC, the famous CEO stated that the price of Bitcoin will continue to rise and claimed that the BTCs in his possession will reach billions of dollars next year.
“As I've said before, Bitcoin is not money, it's a commodity. It's like gold or oil. Its scarcity and mining nature give it enduring value and growth potential.”
Lutnick said that institutional acceptance will increase further, and with increasing institutional acceptance, the price will increase even more.
He Became the Biggest Donor to Donald Trump!
Lutnick, known for his support for Trump, said Donald Trump is the best choice for wealthy Americans.
Praising Trump’s stance, Lutnick listed the former president’s good points. Accordingly, he stated that Trump also cares about the American worker and growth in America, but also supports his being a crypto advocate and wanting to impose tariffs.
Fox Business correspondent Eleanor Terrett shared on X that the crypto industry has donated more than $200 million to PACs, candidates, and political organizations.
According to Terret's post, top donors to former President Donald Trump included Howard Lutnick with $6.4 million, Gemini's Winklevoss twins with $2.04 million and Kraken founder Jesse Powell with $844,943.
*This is not investment advice.