Leading Investment Bank CEO: Bitcoin Must Be Like Gold, Free To Trade Around The World

Investas company Cantorbulk supports Bitcoin trading. (Photo; Doc. Cryptopolitan)

JAKARTA - The leading investment bank company, Cantor totaling LP, has just announced an ambitious plan to enter the crypto world. Cantor plans to launch a $2 billion Bitcoin financing initiative.

The announcement was made directly by Cantor CEO Howard Lutnick at a Bitcoin conference in Nashville, Tennessee. He affirmed his company's commitment to global Bitcoin trading.

"My view, Bitcoin, like gold, should be free to trade around the world," said Lutnick. "As a big player in the financial market, Cantor will try to make this happen."

Lutnick's statement indicated his confidence in Bitcoin as an investment asset. The cantor himself is known to have significant amounts of Bitcoin reserves.

To run the Bitcoin financing business, Cantor will cooperate with a number of elected Bitcoin guard institutions. Although it has not been officially announced, this plan has received a positive response from market participants.

The current value of Bitcoin's market capitalization reaches around US$13.2 billion (around Rp. 21,120 trillion). The financing initiative carried by Cantor is considered a significant step that can boost Bitcoin's growth and stability.

Support For Crypto Is Increasing

Apart from Bitcoin, Cantor Badminton also acts as a custodian for Tether Holdings Ltd., a stablecoin issuer USDT with a capitalization value of US$114 billion (around Rp. 18,240 trillion).

The company also actively provides financial support to various digital asset companies, including players in the crypto mining sector such as Bitdeer, TeraWulf, Riot Platforms, and Cipher Mining.

Not only Cantor, the plan to allocate funds to crypto assets is also being discussed by the pension fund of the city of Jersey City, New Jersey. The fund, known as the Employees Retirement System of Jersey City, is working on meeting regulatory requirements to invest in the Exchange Trade Fund (ETF) Bitcoin.

The move follows a similar trend previously carried out by the state pension fund Wisconsin, which allocated 2% of its funds to the Bitcoin ETF.

The established financial institutional movement such as Cantorploy and Jersey City pension funds is an indicator of the increasingly attractive crypto ecosystem. This also increases investor confidence in crypto assets, especially Bitcoin.