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Bitcoin has just soared past $90,000, and the market is buzzing with excitement. This new rally comes at a time when trade tensions between the U.S. and China are starting to ease, and digital assets are gaining more political acceptance than ever before.
With so much happening, you might be wondering – what’s driving this surge?
Keep reading; it’s a sign of bigger things to come.
White House Comments Trigger Market Momentum
Markets got a boost after U.S. President Donald Trump and Treasury Secretary Scott Bessent made comments suggesting the long-running tariff battle with China may soon see relief. Bessent described the current tariffs as “unsustainable” and hinted that changes could be on the horizon. That alone was enough to send both stocks and cryptocurrencies higher.
Adding more fuel to the rally, Trump put to rest rumors about removing Federal Reserve Chair Jerome Powell. The move eased market fears around inflation and potential shakeups in monetary policy, helping to stabilize investor sentiment.
Brandon Lutnick Steps Into the Spotlight
While the macro backdrop is turning favorable, another major story is drawing attention: the launch of 21 Capital, a Bitcoin-focused investment firm founded by Brandon Lutnick. Brandon is the son of U.S. Commerce Secretary Howard Lutnick, and the venture is already making waves. According to the Financial Times, 21 Capital will offer public market exposure to Bitcoin, similar to the model used by Strategy.
But it’s not just the business model that’s catching eyes. Brandon’s last name carries serious weight. His father, Howard Lutnick, is the CEO of Cantor Fitzgerald, a major financial firm with deep ties to the crypto world. He also manages a large portion of Tether’s U.S. Treasury reserves. While Howard has previously raised questions about Tether’s liquidity during Senate hearings, his son’s move into Bitcoin sends a strong signal about long-term confidence in the space.
Big Names, Big Capital
The launch of 21 Capital is being powered by a heavyweight coalition:
- Tether: $1.5 billion
- Bitfinex: $600 million
- SoftBank: $900 million
- Additional funding: $550 million through bonds and private investors
The firm is being launched under the umbrella of Cantor Equity Partners. It has already secured $200 million and is targeting a total fund size of $3 billion. The capital will be used to buy Bitcoin and expand the firm’s footprint.
What stands out even more is the group’s decision to fix Bitcoin’s internal valuation at $85,000 per coin for investment purposes. With BTC already above $90,000, this pricing signals strong confidence in Bitcoin’s direction—even amid potential pullbacks.
Legacy Finance Meets Crypto
21 Capital’s arrival could mark a significant shift. It’s a moment where traditional finance, crypto heavyweights, and political families are coming together. As institutional adoption of digital assets continues to accelerate, 21 Capital may play a key role in connecting Wall Street with the decentralized world of Bitcoin.
Bitcoin’s latest breakout isn’t just about price; it’s about who’s backing it, and what that says about where things are headed.
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FAQs
21 Capital is a $3B crypto firm backed by major investors to give stock market access to Bitcoin exposure.
Relief in U.S.-China trade tensions boosts investor confidence, pushing Bitcoin and markets higher amid dollar weakness.
