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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 19,498 Minimalist members reading today. 👋
Today we’re covering:
New PlanB analysis video
Satoshi statue recovered from Lake Lugano
MSTR and Metaplanet buy more BTC
And everything else you need to know.
Estimated read time: 2 minutes and 59 seconds
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WHAT WE’RE WATCHING
Arthur Hayes, Co-Founder of BitMEX & CIO @ Maelstrom Fund.
📉 Arthur Hayes warns BTC may dip below $100K after weak U.S. jobs data. The NFP report erased $1.1T from stocks and liquidated $172M in BTC longs, triggering a drop to $114K. Hayes blames Fed uncertainty, though he remains long-term bullish despite Bitcoin's risk-asset behavior.
🏛️ Trump plans to penalize banks blocking BTC transactions. The EO may move to target discriminatory de-banking and aims to expand crypto access. Industry leaders like CZ and the Winklevoss twins support the effort, calling it a major step toward making the U.S. a global crypto hub.
💰 Trump adviser David Bailey plans a $200M Bitcoin PAC. The goal of the PAC would be to push pro-BTC policies, including a $10M price target. Critics warn of legal risks due to his ties to Nakamoto Holdings. Suggestions include tax reform, self-custody rights, and Bitcoin education.
🏦 Strategy made its third-largest BTC buy ahead of Q2 results. Chairman Michael Saylor reaffirmed long-term Bitcoin commitment, calling BTC “digital capital” and dismissing short-term price drops.
🪙 Lost Bitcoin owner plans token launch. UK man James Howells, who lost 8,000 BTC in a landfill, is no longer seeking excavation but hasn't given up. He now plans to tokenize his legal ownership via a Bitcoin Layer 2 smart token called Ceiniog Coin (INI), following a court ruling affirming his rights to the lost BTC.
IN THE LOOP
Lugano municipal workers recovered the vandalized Satoshi Nakamoto statue.
Metaplanet bought 463 BTC for $53.7 million, raising its holdings to 17,595 BTC.
A UK crime agency officer was sentenced to over five years for stealing 50 BTC from a seized wallet and laundering it through crypto-mixing services.
BlackRock’s Bitcoin fund saw a $292M outflow on Monday, its largest in nine weeks.
The most clicked link in our last newsletter was Saylor teasing major Bitcoin news ahead of MicroStrategy’s Q2 call, after the firm added 21,000 BTC to reach 628,791 BTC worth $74B.
MACRO & INDUSTRY
France’s Rassemblement National party is drafting a bill to mine Bitcoin using surplus nuclear energy.
Indonesia’s VP office met with Bitcoiners to explore Bitcoin as a national reserve.
A White House report proposes taxing bitcoin mining income at the point of sale instead of when mined, potentially ending double taxation.
POLL
🌀 Do you think traditional Bitcoin bull/bear cycles still exist post-ETF era? |
THURSDAY’S POLL RESULTS
What do you think MicroStrategy will announce on the earnings call? 👀
🟨🟨⬜️⬜️⬜️ 💰 Major BTC purchase (31%)
🟩🟩🟩⬜️⬜️ 🟠 New Bitcoin-based product (44%)
🟨⬜️⬜️⬜️⬜️ 🏛️ Partnership with a government (16%)
🟥⬜️⬜️⬜️⬜️ 🧑💼 Other (leave a comment) (9%)
🧑💼 Other: “S&P obviously.” — Joe
🧑💼 Other: “FASB” — Tim
VIDEO
PlanB maintains a bullish outlook, citing on-chain models, RSI at 72.5, and realized prices as evidence of an ongoing bull market.
He predicts a long, flatter cycle with potential targets between $250K–$500K.
Check out the latest to Bitbo’s Bitcoin store!
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CHARTS & DATA
Hashrate - Bitcoin hashrate has hit an all-time high and is nearing 1,000 EH/s.
Pi Cycle Top Estimate - Pi Cycle Top Estimate is projected to cross at the end of 2026.
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FROM THE ARCHIVE
The site became the project’s first official hub.
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