🟠 Harvard BTC

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 19,371 Minimalist members reading today. 👋 

Today we’re covering:

• PlanB links S&P 7,000 to $300K BTC

• Metaplanet boosts holdings to 18,113 BTC

• Bo Hines exits Trump crypto adviser role

• And everything else you need to know.

Estimated read time: 2 minutes and 51 seconds

WHAT WE’RE WATCHING

📈 PlanB says S&P 7,000 aligns with Bitcoin $300K. His chart shows a strong historical correlation between BTC and SPX, suggesting monetary debasement fuels parallel gains across both assets.

📊 Tuur Demeester projects Bitcoin could hit $500K mid-cycle. Adamant Research cites on-chain data showing strong holder conviction, institutional adoption, and pro-Bitcoin policies like the U.S. National Strategic Bitcoin Reserve. They recommend focusing solely on BTC, with cautious allocation and secure custody practices.

🍔 Steak ‘n Shake credits Bitcoin for 11% Q2 sales jump. Since adopting BTC payments in May, the chain cut processing fees by 50%, outpacing all major US fast-food rivals in same-store sales growth and driving a surge in customer engagement.

🏆 Willy Woo calls Bitcoin the “perfect asset” for 1,000 years. Speaking at Baltic Honeybadger, he warned it needs far greater capital inflows to rival gold or the US dollar. Woo flagged risks from treasury firm debt, ETF custody centralization, and potential nation-state interference.

📈 Unchained’s mid-cycle report projects major Bitcoin upside potential. Adamant Research’s first mid-cycle Bitcoin report sees potential 4–10x gains. The report cites strong holder dominance, bullish on-chain metrics, and macro tailwinds.

IN THE LOOP

• Harvard’s $53B endowment disclosed a $116M investment in BlackRock’s Bitcoin ETF.

• Bo Hines is leaving his role as Trump’s White House crypto adviser.

• Jeff Bezos’s Blue Origin now accepts Bitcoin and stablecoins for New Shepard spaceflights.

• [🎥 VIDEO] NYDIG’s Q3 2025 update reviews bitcoin’s rapid institutional adoption, rising on-chain accumulation, and major U.S. regulatory changes.

• Rekt Capital says a decisive break above $126K could send Bitcoin much higher, fast.

• Metaplanet bought 518 BTC for $61.4M, boosting its holdings to 18,113 BTC worth $1.85B.

The most clicked link in our last newsletter was Trump ordering the Labor Department and SEC to allow Bitcoin, crypto, private equity, and gold in 401(k)s.

MACRO & INDUSTRY

• Caitlin Long says Trump’s order lets the SBA, led by Kelly Loeffler, stop politically motivated de-banking.

• Samson Mow predicts ETH holders will sell into BTC, though others expect altcoin gains to continue before another rotation.

POLL

THURSDAY’S POLL RESULTS

🧠 Do you use on-chain data to guide your Bitcoin strategy?

🟥⬜️⬜️⬜️⬜️ 📊 Yes, heavily (15%)

🟥⬜️⬜️⬜️⬜️ 🧭 Sometimes (15%)

🟨⬜️⬜️⬜️⬜️ 😐 Rarely (20%)

🟩🟩🟩⬜️⬜️ 💤 Not at all (50%)

💤 Not at all: “I’m a miner, so I don’t buy, but for sure I’m interested in any info I can get.” — Rene

VIDEO

CHARTS & DATA

CDD - Coin Days Destroyed (CDD) 30-day moving average is beginning to return to normal levels after the 80,000 BTC whale’s move.

Pi Cycle Estimate - Now, the projected Pi Cycle Top cross date has been pushed back to mid-2027.

MORE FROM BITBO

The Bitcoin Minimalist is run by Bitbo. Browse our most popular pages across our sites:

📊 Bitbo Pro: Analytics & intelligence to supercharge your Bitcoin investing & trading.

📈 Bitbo Charts: Useful Bitcoin charts, featuring on-chain metrics and other Bitcoin analysis.

👕 Bitbo Store: Shirts, hats, hoodies, mugs, and other merch for Bitcoiners.

🎛️ Bitbo Dashboard: View live price action, monitor on-chain data, and track key economic indicators - all for free.