🟠 BTC Nations

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.

Pretty quiet in terms of news and price the past couple days.

Happy Thursday to the 19,337 Minimalist members reading today. 👋 

Today we’re covering:

• Ming Shing buys $483M in Bitcoin

• UK victim loses $2.8M in BTC to scammer

• Willy Woo believes liquidity is returning

• And everything else you need to know.

Estimated read time: 2 minutes and 57 seconds

WHAT WE’RE WATCHING

🌍 Eric Trump says countries are quietly buying Bitcoin. On a recent appearance, he claimed one nation purchased 200,000 BTC in secret and others are diverting energy to mining. He described the global crypto push as “absolutely electric,” signaling an international race toward Bitcoin adoption.

📊 Glassnode says Bitcoin still follows its 4-year cycle. Despite institutional shifts, long-term holder profit-taking and ETF outflows suggest the current cycle may be maturing. Bitcoin is down 8.3% from its recent high, with peak cycle highs potentially arriving by October if historical patterns hold.

⚖️ U.S. bill would revive 18th-century law to fight crypto crime. H.R. 4988 proposes using “letters of marque” to let private citizens recover stolen crypto from foreign hackers. Inspired by a $1.5B Bybit exploit, it would deputize civilians to combat cybercriminals under presidential authority.

📉 Harvard economist admits he was wrong about Bitcoin crashing to $100. Economist Kenneth Rogoff cited underestimating weak regulation, Bitcoin’s role in the $20T underground economy, and political conflicts of interest.

🚨[VIDEO] Bitcoin anti-spam advocate says scammers are “running away.” In a YouTube video, Matthew Crowder claims Bitcoin's shift toward Bitcoin Knots nodes is deterring NFT-like spam and inscription activity. He criticizes Bitcoin Core 30, promotes Knots for user control, and warns against centralized mining pools and overpriced on-chain JPEGs.

IN THE LOOP

• Hong Kong-based Ming Shing struck a $483 million deal to buy 4,250 BTC.

• Brazil held its first public hearing on creating a national strategic Bitcoin reserve.

• A scammer posing as a UK police officer stole $2.8 million in bitcoin from a North Wales victim using a fake website and social engineering.

• Willy Woo says Bitcoin’s recent drop from $124.5K to $112.5K was speculative, but falling Macro Cycle Risk signals investor liquidity may be returning.

The most clicked link in our last newsletter was Tether hiring former Trump aide Bo Hines to help expand its U.S. stablecoin amid growing regulatory pressure.

MACRO & INDUSTRY

• The Winklevoss twins donated $21 million in Bitcoin to launch a crypto PAC backing Trump’s agenda ahead of the 2026 midterms.

POLL

TUESDAY’S POLL RESULTS

Are BTC Treasury firms bullish or risky for Bitcoin’s future?

🟩🟩🟩⬜️⬜️ 🚀 Super bullish for adoption (58%)

🟥⬜️⬜️⬜️⬜️ 📉 High risk of collapse (8%)

🟨⬜️⬜️⬜️⬜️ 🤷 Too early to tell (24%)

🟥⬜️⬜️⬜️⬜️ 🐂 Just another hype cycle (10%)

🚀 Super bullish for adoption: “The more corporate adoption...the better.” — Chris

🚀 Super bullish for adoption: “It is just another milestone for the broader adoption. Retail/plebs = buy as much as you can. Now!” — Kyle

🚀 Super bullish for adoption: “Anyone who believes BTC treasury companies are a "high risk of collapse" hasn't studied the nature of money, and thus why BTC is the hardest variant known to humanity. Read the classic "The Creature from Jekyll Island" if you're among that crowd.” — Lucas

🚀 Super bullish for adoption: “It's so obvious that all of these companies and countries are looking to create a BTC reserve pile. Everyone is trying not to be late to the game and the US should be stockpiling their reserves. The BTC treasury is great for Bitcoin's future. Everyone just needs to get on board and stop being scared, this is inflation proof!!” — Madeline

🐂 Just another hype cycle: “I think they're great short-term, but it's just another way to capture people's money where the state can control it.” — Madeline

VIDEO

🎙️ Coinbase CEO Brian Armstrong says Bitcoin could hit $1M by 2030. 

In a wide-ranging interview on the Cheeky Pint podcast, Brian Armstrong cited regulatory clarity, government adoption, and institutional demand as key drivers.

He also shared Coinbase’s early struggles and the firm's vision to become a full crypto financial platform.

• Watch the 2-min clip →

• Listen to the full interview →

CHARTS & DATA

Power Law Rainbow - Bitcoin is still in the blue zone of the power law rainbow, indicating that it’s within 6-months range of the projected power law price.

Stock to Income - Bitcoin continues to follow the stock to income model very closely.

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