Mark MossChief Bitcoin Strategist Satsuma | Partner BTCOppFund | ArchLending | BlockwareTeam | 100M+ YouTube

Why Smart Money Is Buying Bitcoin

29 Jun 2026 · 1 min

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In this commentary, Mark Moss highlights the significance of Howard Lutnick, the Secretary of Commerce and head of Cantor Fitzgerald, as a key indicator of institutional Bitcoin adoption. He outlines Lutnick’s background, noting Cantor’s historic presence on the World Trade Center and its survival after 9/11. Before the Trump administration, Cantor launched a $2 billion Bitcoin credit line for institutions, took a majority stake in MicroStrategy (the largest publicly‑traded Bitcoin proxy), and invested in Tether, the leading stablecoin. After joining the Trump administration, Lutnick now oversees the Strategic Bitcoin Reserve and a Sovereign Wealth Fund, both actively purchasing Bitcoin. His son now runs Cantor’s various entities, and the firm has placed roughly $10 billion in Bitcoin‑related public companies. Moss argues that when Lutnick’s firm buys $2 billion worth of Bitcoin, it signals a major shift in smart‑money sentiment toward the cryptocurrency.

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So I think this is super important and everybody needs to be paying attention to this right now. So we have Howard Lutnick, he's the Secretary of Commerce. He is from a company called Cantor Fitzgerald, which is OG heavyweight Wall Street. He had the, I think, the top 6 floors in the World Trade Center when it blew up. His firm, before Trump won, opened up a $2 billion Bitcoin credit line for institutions. That was a pretty big splash. Then his firm took a majority interest in, uh, MicroStrategy, which is the largest public-traded Bitcoin sort of proxy. Then they bought into Tether, which is the largest stablecoin company. Then he joins the Trump administration and now becomes Secretary of Commerce, and he's heading up the Strategic Bitcoin Reserve and the Sovereign Wealth Fund, which are both buying Bitcoin. So his son now is running different versions of Cantor Fitzgerald, and now he's placed almost $10 billion with Bitcoin public companies. And so when he goes out and buys $2 billion worth of Bitcoin, we should be paying attention to that.