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Cantor Fitzgerald Launches New Venture: We’re All Gonna Die in a Cryptocurrency Fireball of Our Own Making

An illustration of an old skyscraper engulfed by flames with smoke billowing out and a massive explosion at its base; Bitcoin symbols are scattered across the building's facade as it crumbles to pieces amidst chaos on the streets below where people run for their lives while others look up in horror, all set against a darkening sky. In the foreground, two figures representing traditional finance institutions stand frozen with fear, one holding an umbrella and looking away from the inferno; they are dwarfed by the towering flames that seem to be consuming everything around them.

The age-old question: how low can you go? It seems like every week there’s a new entrant into this ridiculous space trying to make it sound legit by associating with “traditional finance.” Newsflash: just because Cantor Fitzgerald has billions under management doesn’t mean they’re not also going down in flames. They’ve decided, for whatever reason (likely the same as everyone else – getting rich quick), that providing leverage to Bitcoin investors is a good idea. Because what could possibly go wrong with giving people more money to throw into this casino

Source: bitcoin.com

Cantor Fitzgerald, a billionaire asset management fund, recently announced its plans to provide leveraging services for Bitcoin investors. This venture will operate as a separate entity, commencing its operations with a capital of $2 billion. The capital will be replenished in tranches of $2 billion to cater to the needs of Bitcoin holders. This information was shared by Howard Lutnick, the Chairman of Cantor Fitzgerald. Bitcoin is getting deeper and […]

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