Bitcoin Is America’s New Gold In The Trump Era: Howard Lutnick
The first hundred days of President Donald Trump’s return to the White House have produced a string of Bitcoin-centric policy moves, capped by Commerce Secretary Howard Lutnick’s forceful comparison of the asset to “gold” and his declaration that it now enjoys unequivocal federal backing. In a conversation with Bitcoin Magazine’s Frank Corva inside the Executive […]
Related News
Howard Lutnick, the US Secretary of Commerce and former CEO of Cantor Fitzgerald, announced plans to integrate blockchain technology into the dissemination of economic statistics. GDP Statistics On The Blockchain Speaking at a cabinet meeting with President Donald Trump on Tuesday, Lutnick articulated his vision of placing Gross Domestic Product (GDP) data on the blockchain, […]
Bitcoin could see unprecedented capital inflows ranging from $150 billion to $500 billion as US President Donald Trump signed an executive order on Monday mandating the creation of a new sovereign wealth fund. The initiative—which did not explicitly reference BTC during its announcement—will be helmed jointly by US Secretary of Commerce Howard Lutnick and US […]
Over the last few days, the newly elected US President Donald Trump has filled a number of positions in his new cabinet, although the most important position for the Bitcoin community—the Secretary of the Treasury—remains open. The role of Secretary of the Treasury could be decisive for the establishment of a national strategic Bitcoin reserve, […]
Cantor Fitzgerald, a leading global financial services firm, is partnering with SoftBank, Tether, and Bitfinex to build a Bitcoin acquisition vehicle. The new venture will be called 21 Capital and is expected to raise $3B worth of Bitcoin from its partners – $1.5M from Tether, $900M from SoftBank, and $600M from Bitfinex. 21 Capital looks to follow MicroStrategy’s investing path, which saw a surge in market cap (all the way up to $91B) after shifting to Bitcoin. Read on as we explore the details of this deal and what it could mean for the broader crypto market. We’ll also suggest....
After the news of Cantor Fitzgerald’s partnership with SoftBank and Tether, the shares of Cantor Equity Partners (CEP) saw a steep 134% increase. Cantor, the legacy investment firm, is now foraying into Bitcoin by establishing a new venture called Twenty One Capital, which is expected to raise around $3B worth of $BTC from its partners. This includes $1.5M from Tether, $900M from SoftBank, and $600M from Bitfinex. These figures were quoted at a valuation of $85K per $BTC, but the token has climbed since then, putting the total valuation at around $3.9B. It’s worth noting that CEP is....