Cantor Fitzgerald Launches $2 Billion Bitcoin Financing Initiative
Cantor Fitzgerald LP is set to venture into the Bitcoin financing sector, providing leverage to cryptocurrency investors.
The investment bank has announced plans to allocate $2 billion to this new business, the company said in a recent press release. 
The initiative was revealed by Cantor Chairman and CEO Howard Lutnick at a Bitcoin conference in Nashville, Tennessee.
Lutnick Compares Bitcoin to Gold
During his speech, Lutnick emphasized the firm’s commitment to facilitating global Bitcoin trade, likening the cryptocurrency’s potential to that of gold.
“My view is Bitcoin, like gold, should be free to trade everywhere in the world and as the largest wholesaler in the world we are going to do everything in our power to make it so,” Lutnick said.