The person running the US Department of Commerce has a pretty straightforward investment thesis: when Bitcoin goes down, he buys more. Howard Lutnick publicly declared that he plans to scoop up Bitcoin on every price decline, a statement that would be noteworthy from any billionaire but carries particular weight when it comes from a sitting Cabinet member.
“Every time Bitcoin dips, I’m gonna be the buyer,” Lutnick said in February 2025.
A Commerce Secretary with skin in the game
Lutnick holds hundreds of millions of dollars in Bitcoin, according to public disclosures. That makes him one of the most crypto-exposed government officials in US history.
Before joining the administration, he led Cantor Fitzgerald, a financial services firm that had been expanding its crypto-related operations. His appointment to the Commerce role was itself seen as a signal that the Trump administration intended to be aggressively pro-crypto at the policy level.
