Cantor Fitzgerald CEO Predicts Bitcoin Rally After Halving

January 17, 2024 | by


In a recent appearance at the World Economic Forum in Davos, Howard Lutnick, the CEO of Cantor Fitzgerald, shared his insights on bitcoin and tether. Lutnick drew parallels between the excitement surrounding spot gold exchange-traded funds (ETFs) and the expected trajectory of bitcoin. While bitcoin has shown a stable performance, Lutnick anticipates a significant rally in its value following the upcoming halving event. He asserted that bitcoin will grow once again after the halving. Additionally, Lutnick expressed confidence in Tether’s financial standing, emphasizing Cantor’s role in managing assets for the stablecoin issuer. This stands in contrast to the skepticism surrounding Tether’s reserves, a topic of contention among critics. Despite its widespread use in certain economies, Lutnick acknowledged that fiat-linked tokens like Tether are not as necessary in the United States.

Cantor Fitzgerald CEO Predicts Bitcoin Rally After Halving

Howard Lutnick Projects Bitcoin Rally Post-Halving, Validates Tether’s Reserve Strength

Howard Lutnick, the CEO of Cantor Fitzgerald, recently offered his insights on the future of bitcoin and tether during the World Economic Forum in Davos. Lutnick sees a promising future for bitcoin, particularly after the halving event. He also expressed confidence in the financial strength of tether, the leading stablecoin in terms of market capitalization.

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Bitcoin’s Current Performance

Lutnick acknowledged that bitcoin has experienced significant growth and is currently maintaining a stable performance. However, he believes that there will be a notable upswing in bitcoin’s value following the halving event. This anticipation of a rally is based on Lutnick’s observation of previous market patterns and his understanding of the impact of the halving event on bitcoin’s supply and demand dynamics.

Anticipated Upswing with Halving Event

The halving event, which occurs approximately every four years, is an important milestone for bitcoin. It involves a reduction in the block rewards given to bitcoin miners, effectively halving the rate at which new bitcoins are created. This event has historically been associated with a surge in bitcoin’s price, as the reduced supply of new coins puts upward pressure on their value.

Lutnick predicts that this halving event will once again trigger a rally in bitcoin’s price. He expects the increased scarcity of new coins to drive up demand and create a favorable environment for price growth.

Bitcoin to Grow after Halving

Based on his analysis and observations, Lutnick firmly believes that bitcoin will continue to grow in value after the halving event. He points to previous halvings and the subsequent rallies in bitcoin’s price as evidence of its potential for continued growth. Lutnick’s optimistic outlook aligns with the sentiment of many bitcoin enthusiasts and investors who anticipate positive price movements in the future.

Tether: Cantor Fitzgerald’s Involvement

Shifting the focus to tether (USDT), Lutnick highlighted Cantor Fitzgerald’s involvement with the stablecoin issuer. Tether is considered the foremost stablecoin in terms of market capitalization, valued at $94.8 billion, with a 4.6% increase in supply over the past month.

Lutnick emphasized Cantor Fitzgerald’s significant role in managing assets for Tether, implying a close working relationship between the two entities. This involvement suggests a level of trust and confidence in Tether’s operations and financial standing.

Cantor Fitzgerald’s Role in Managing Tether’s Assets

As a prominent financial services company, Cantor Fitzgerald plays a vital role in managing various assets for Tether. The company’s expertise and experience in the financial industry make it well-suited to handle the complex task of managing Tether’s assets effectively.

The involvement of Cantor Fitzgerald provides a level of credibility to Tether’s operations, as it signifies the trust placed in the stablecoin by a reputable financial institution. This further reinforces the notion that Tether’s reserves are solid and support its stablecoin’s value.

Confidence in Tether’s Financial Standing

Lutnick expressed his confidence in Tether’s financial standing, stating that his company has done extensive research and is satisfied that Tether has the necessary funds to back its stablecoin. This endorsement from Cantor Fitzgerald’s CEO adds weight to Tether’s claims of having sufficient reserves to support the value of its stablecoin.

While there have been concerns and skepticism surrounding Tether’s reserves, Lutnick’s assertion provides reassurance to investors and users of the stablecoin that their holdings are backed by real-world assets.

Contrasting Views on Tether’s Reserves

Despite Lutnick’s confidence in Tether’s financial standing, there are varying opinions on the topic. Critics have raised concerns about the transparency and verifiability of Tether’s reserves, as well as the potential risks of relying on a centralized entity to maintain the stability of a cryptocurrency.

It is important to note that the controversy surrounding Tether’s reserves has not led to any significant disruptions in the market or a loss of confidence in the stablecoin. Tether continues to be widely used and accepted in various sectors of the cryptocurrency industry.

Tether’s Adoption in Economies like Turkey and Latin America

Lutnick highlighted the substantial adoption of Tether in particular economies, such as Turkey and several Latin American nations. This adoption is a testament to the trust and utility that Tether brings to these economies, providing an alternative to the local fiat currencies that may be subject to instability or inflation.


In countries like Turkey and some Latin American nations, where economic uncertainty and currency devaluation have been prevalent, Tether offers individuals and businesses a more stable and reliable means of transacting and preserving value.

Reader’s Opinion

The statements made by Howard Lutnick at the World Economic Forum in Davos have elicited mixed reactions from readers. Some are optimistic about the future of bitcoin and tether, acknowledging the credibility of Cantor Fitzgerald and the potential for growth in both assets. They view Lutnick’s insights as valuable and use them to inform their own investment decisions.

Others remain skeptical about tether’s reserves and the overall stability of the cryptocurrency market. They believe that relying on fiat-linked tokens like Tether may pose certain risks, and prefer to invest in more decentralized cryptocurrencies. These readers emphasize the importance of conducting thorough research and due diligence before making any investment decisions.

In conclusion, Howard Lutnick’s projections for bitcoin’s rally post-halving and his validation of Tether’s reserve strength have sparked discussions within the cryptocurrency community. While opinions vary, Lutnick’s insights contribute to the ongoing dialogue surrounding the future of bitcoin and the stability of tether. As with any investment, it is crucial for individuals to carefully evaluate the risks and make informed decisions based on their own research and analysis.


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