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First time reading? I’m Jordan, and this is The Bitcoin Minimalist. Every Tuesday & Thursday, we scour 100s of sources to bring you need-to-know Bitcoin insights.
Good morning — Jordan here.
Happy Tuesday to the 19,666 Minimalist members reading today. 👋
Today we’re covering:
Ukraine may add BTC to reserves
71% oppose non-financial BTC use
Long-term holders gain $930M daily
And everything else you need to know.
Estimated read time: 2 minutes and 55 seconds
WHAT WE’RE WATCHING
💰 Michael Saylor says Bitcoin is headed to $1 million and bear markets are over. In a Bloomberg interview, the Strategy CEO touted the company’s Bitcoin-backed financial products and claimed institutional support, global adoption, and scarcity will drive BTC’s future. Strategy holds a 100% Bitcoin balance sheet.
📊 PlanB says Bitcoin could hit $1M this cycle. He cites the power law corridor followed over the last 15 years. He points to the halving and ETFs as key catalysts, and calls current sub-$100K prices a prime buying opportunity despite expected volatility.
🏦 Ukrainian lawmakers propose bill to allow Bitcoin in national reserves. The bill would let the National Bank include virtual assets like Bitcoin in Ukraine’s gold and FX reserves. Though not mandatory, the move aims to boost macroeconomic stability and digital economy integration, says sponsor Yaroslav Zheleznyak.
🧩 Chrome extension "Opportunity Cost" lets users see internet prices in Bitcoin. Created by Marty Bent with help from AI tools, the open-source add-on converts USD to sats in-browser to highlight Bitcoin’s purchasing power and opportunity cost. It aims to educate both newcomers and hardcore Bitcoiners.
⚖️ 71% of Bitbo readers oppose non-financial Bitcoin transactions. A poll by Bitcoin Minimalist shows strong resistance to Bitcoin Core 30's plan to raise OP_RETURN limits to 4MB, sparking fears over network purity, user control, and mission drift from Bitcoin's monetary focus.
Our take: We’re glad Bitcoin Minimalist readers are based! This reminds us of the Bcash and Segwit2X drama.
IN THE LOOP
[Opinion] Bitcoiners should adopt a long-term, hands-off approach—like “the man in the coma”—and avoid short-term distractions.
PlanB suggests Bitcoin could hit $130K this month if RSI reaches 75, matching past bullish momentum.
Long-term Bitcoin holders are realizing $930M in daily profits while still increasing their holdings, a first-time trend fueled by ETF demand, according to Glassnode.
The most clicked link in our last newsletter was Michael Saylor telling Jordan Peterson he moved MicroStrategy’s $500M into Bitcoin to fight inflation and economic decay.
MACRO & INDUSTRY
Paraguay’s government denied a now-deleted X post from President Santiago Peña claiming Bitcoin was legal tender, calling it “irregular activity.”
Donald Trump launched the wait list for the $5 million “gold card” offering wealthy foreigners a path to U.S. citizenship, with signups now open at trumpcard.gov.
POLL
Do you think in BTC or fiat when evaluating purchases? |
TUESDAY’S POLL RESULTS
Should Bitcoin allow non-financial transactions?
🟥⬜️⬜️⬜️⬜️ ✅ Yes – let users decide (14%)
🟩🟩🟩🟩⬜️ 🚫 No – keep Bitcoin focused on money (70%)
🟥⬜️⬜️⬜️⬜️ 🤔 Not sure (9%)
🟥⬜️⬜️⬜️⬜️ 📚 Still learning about it (7%)
✅ Yes – let users decide: “Bitcoin is perfect money. But also is much more than just money” — Steve
🚫 No – keep Bitcoin focused on money: “Core does not want you to have the option. That is the problem; they are taking away your ability to run your node how you see fit. This is not the way. Run Knots!” — Marc
🚫 No – keep Bitcoin focused on money: “The purpose of Bitcoin the Network is to facilitate Bitcoin the Money. Non-monetary transactions are parasitic, adding nothing to the value of the money or the network, only lining the pockets of high time-preference crypto VCs and adversarial miners at the expense of gullible fools who buy the scams and node runners (the real users) who have to download and store this garbage.” — John
🚫 No – keep Bitcoin focused on money: “Absolutely not, keep it pure.” — Todd
VIDEO
The billionaire investor emphasized a volatility-adjusted mix of these assets to combat rising prices, citing clear market roadmaps and policy trends like low real rates and high inflation as key drivers.
Watch Jones’ complete analysis here (1 minute video):
CHARTS & DATA
Long Term Holder Supply - Bitcoin’s long term holder supply continues to rise, indicating that buying is not slowing down. It’s currently at 15.9 million and nearing the 16.3 million all-time high.
Market Cycles - Bitcoin is in strong bull market territory according to our market cycles chart.
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