When asked about a more prominent topic in crypto news currently – the approval and listing of over a dozen spot bitcoin exchange-traded funds (ETFs) – Lutnick questioned the real value of bitcoin and stablecoins for Americans and argued that crypto currencies are attractive as speculative assets in this country, whereas people in other nations, such as Argentina, Venezuela and Turkey, hold crypto for more substantial reasons.
Source: https://www.coindesk.com/business/2024/01/16/big-wall-street-ceo-addresses-controversy-around-tethers-stablecoin-assets-they-have-the-money/?utm_medium=referral&utm_source=rss&utm_campaign=headlines