🟠 BTC Bands

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 19,228 Minimalist members reading today. 👋 

Today we’re covering:

• Musk’s America party backs Bitcoin

• Strategy pauses Bitcoin buying

• Bill Miller IV opposes Bitcoin taxes

• And everything else you need to know.

Estimated read time: 2 minutes and 59 seconds

WHAT WE’RE WATCHING

📊 Bitcoin’s Bollinger Bands hit their tightest level in a year, signaling imminent volatility. Analysts and creator John Bollinger expect an upside breakout, citing ETF demand, bullish onchain metrics, and macro tailwinds as supporting factors for continued upward momentum.

🇺🇸 Elon Musk’s America Party will support Bitcoin. Musk called fiat “hopeless” and aiming to appeal to tech-savvy voters Tesla still hasn’t resumed Bitcoin payments despite greener mining, and critics question whether Musk’s pro-Bitcoin stance is genuine or just political opportunism.

💰 An $8.6B Bitcoin transfer from 14-year-dormant wallets sparked debate over its cause. Arkham calls it a simple wallet upgrade, while others speculate on a government settlement, hack, or Roger Ver’s involvement. The move didn’t impact Bitcoin’s price, adding to the mystery.

📶 Jack Dorsey built a Bluetooth messaging app called Bitchat. The app enables encrypted, offline chats via mesh networks with up to 300m range. Similar to Bridgefy, it’s useful where internet is unavailable. Bitchat’s 10,000-user beta on TestFlight is already full as it awaits review.

💰 Ego Death Capital closed a $100M fund to back bitcoin-focused software companies. Targeting Series A rounds, it invests in revenue-generating firms building on bitcoin, not tokens or mining. Early bets include Roxom, Relai, and Breez, with funding from bitcoin-aligned family offices.

IN THE LOOP

• Strategy paused bitcoin purchases after Q2 results.

• Drake name-dropped Bitcoin in a new song.

• Max Keiser predicted Bitcoin hitting $200K will spark a global financial revolution and destabilize the US dollar at $300K.

• Murano launched a bitcoin treasury strategy with a $500M equity deal.

• Strategy launched a $4.2B stock sale to fund more purchases.

The most clicked link in our last newsletter was about a $500 Casascius bar from 2012 was redeemed for over $10 million.

MACRO & INDUSTRY

• Bill Miller IV argued the government shouldn’t tax Bitcoin.

• Analyst James Check warned the Bitcoin treasury strategy may soon lose momentum.

• Coinbase’s Conor Grogan said there’s a small chance the $8.6B Bitcoin transfer was a hack, which would be the largest heist in history.

POLL

THURSDAY’S POLL RESULTS

Corporations holding whale-size Bitcoin reserves are:

🟩🟩🟩⬜️⬜️ 🚀 Major adoption catalyst for BTC (54%)

🟨⬜️⬜️⬜️⬜️ 💣 Ticking sell-off time bomb risk (23%)

🟨⬜️⬜️⬜️⬜️ 🧊 Stabilizes market, smooths volatility (23%)

🚀 Major adoption catalyst for BTC: “This is the easy entry point for any BTC-curious investor to get some skin in the game with committed and serious BTC Treasury Companies.” — Brandon

💣 Ticking sell-off time bomb risk: “Some companies will go bust. How systemic will that risk be? Could cause some volatility, self custody is the way.” — Josh

💣 Ticking sell-off time bomb risk: “It'll be interesting to see how the BTC treasury companies hold up in the next down cycle.” — Jeremy

💣 Ticking sell-off time bomb risk: “Speculation fervor tends to spark draw-downs.” — Nick

VIDEO

Bitcoin OG Trace Mayer, who purchased Bitcoin at $0.25, is back online after many years.

He recently did an interview with Bitcoin Magazine.

In this interview, he reflects on Bitcoin’s journey, institutionalization, block size wars, proof-of-keys, and its role in a new monetary order — asserting it’s “on the planet now probably forever.”

Watch the full interview here:

CHARTS & DATA

VDD Multiple - VDD Multiple spiked due to the 80,000 Bitcoin whale moving their coins. Be sure to track this, as it may push VDD higher than in the past.

1YR+ HODL Wave - The 1YR+ HODL Wave dipped 0.4% after the 80,000 BTC whale moved its BTC on-chain.

FROM THE ARCHIVE

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