"If a bank were to hold your bitcoin, they would have to set aside their own money equal to that amount, sort of 'in jail'. That's why they don't hold it. But if the regulatory environment was good, you will see all the traditional financial companies go head first into bitcoin."
"That's why they don't hold it. But if the regulatory environment was good, you will see all the traditional financial companies go head first into bitcoin," he said.
"Bitcoin is an outsider to the TradFi community [that's] only now dipping its toe into global finance," Lutnick commented.
Cantor Fitzgerald plans to launch its bitcoin financing business with $2 billion in lending, providing leverage to BTC holders.
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