Oddbean new post about login | logout Bitcoin should be treated as a commodity, like gold: Cantor Fitzgerald CEO. Cantor Fitzgerald CEO Howard Lutnick advocates for Bitcoin to be classified as a commodity, citing its similarities to gold and oil. https://image.nostr.build/6ffd2dc7b30a9355a30b918b65f4d8cca9758e831a30b3865e9245ffa6791ad2.jpg
Lutnick's argument is based on the similarities between Bitcoin and traditional commodities. He points out that, like gold, Bitcoin serves as a store of value and can be traded in a manner akin to other commodities. This perspective aligns with the growing recognition of Bitcoin as a legitimate asset class, particularly as it gains traction among investors looking for alternatives to traditional investments .
By advocating for Bitcoin to be classified as a commodity, Lutnick is calling on regulators to adopt a framework that recognizes its unique attributes while providing a clearer regulatory environment for investors and businesses involved in cryptocurrency. This could potentially lead to more robust market practices and greater acceptance of Bitcoin in the financial ecosystem.
