🟠 BTC Dips

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 19,506 Minimalist members reading today. 👋 

Hope everyone had a nice holiday break. Back to our normal posting rhythm now!

Today we’re covering:

• FDIC pressured banks to limit Bitcoin activity

• MicroStrategy now holds 447,470 BTC

• Potential Canada PM Poilievre supports Bitcoin

• And everything else you need to know.

Estimated read time: 2 minutes and 58 seconds

WHAT WE’RE WATCHING

📊 Eric Trump and Michael Saylor met at Mar-a-Lago, sparking speculation about Bitcoin's role in Trump’s administration. Eric Trump praised Bitcoin as a hedge against inflation, while Saylor offered to advise on Bitcoin policies.

📉 MicroStrategy purchased 1,070 BTC for $101 million at $94,004 per coin, raising its holdings to 447,470 BTC worth $44 billion. Funded by equity sales, it has invested $27.97 billion total at an average of $62,503 per BTC. Shares rose 13.2%, reflecting investor confidence.

🇨🇦 Pro-Bitcoin Pierre Poilievre leads on Polymarket with an 89% chance of becoming Canada’s next prime minister. A Bitcoin advocate, Poilievre opposes CBDCs, supports Bitcoin innovation, and promotes policies on housing, inflation, and economic reform. Trudeau's resignation adds uncertainty to the race.

📄 Coinbase reveals unredacted FDIC letters discouraging banks from offering Bitcoin services. The letters, obtained through FOIA requests, suggest a coordinated effort to limit Bitcoin & crypto activity. Coinbase urges congressional action, alleging ties to "Operation Chokepoint 2.0" aimed at curbing Bitcoin's growth in the U.S. banking system.

📊 Michael Saylor’s meeting with Trump signals pro-Bitcoin policies, according to Bitcoin Magazine. The incoming administration plans to support the Bitcoin industry by ending regulatory crackdowns, enacting pro-Bitcoin legislation, and appointing a Crypto Czar.

📈 CryptoQuant CEO Ki Young Ju predicts Bitcoin’s longest bull market, driven by steady liquidity. BTC recently crossed $100,000, with a market cap over $2 trillion. While optimism reigns, experts like Arthur Hayes warn of corrections tied to dollar liquidity shifts and economic pressures.

📊 Bitbo launched two brand new charts this past week:
- S&P 500 Priced in Bitcoin
- Average US House Priced in Bitcoin

IN THE LOOP

• Metaplanet plans to increase its Bitcoin holdings to 10,000 BTC in 2025, leveraging financial tools and predicting a bull market.

• The Bitcoin network settled over $19 trillion in transactions in 2024, doubling 2023's volume.

• The Bitcoin sector's growth in 2024 sparked a surge in kidnappings, extortion, and ransomware crimes.

• JAN3 raised $5M in seed funding to expand its AQUA Wallet, advancing Bitcoin adoption in Latin America and Asia.

• A Canadian crypto forum moderator and father of four claims he was forced into hiding after an alleged kidnapping and torture attempt by attackers who mistakenly believed he owned billions in bitcoin.

• Czech National Bank Governor Aleš Michl is considering Bitcoin as part of the country’s future reserve strategy.

The most clicked link in our last newsletter was Bitbo’s new Pi Cycle Top Future Cross Estimate chart which projects potential Pi Cycle Top dates using 10-day slopes of key moving averages.

POLL

TUESDAY’S POLL RESULTS

Do you think MicroStrategy’s massive Bitcoin holdings are positive for Bitcoin?

🟩🟩🟩🟩⬜️ ✅ Yes, it legitimizes Bitcoin for institutions (68%)

🟨🟨⬜️⬜️⬜️ ⚠️ Neutral (19%)

🟨🟨⬜️⬜️⬜️ 🚫 No, it creates excessive dependence on one entity (13%)

✅ Yes: “Of course, yes I do. I believe it's a massive advantage for Bitcoin and all its owners as well.” - Luke

✅ Yes: “It increases its value.” — Tom

✅ Yes: “But there comes a point at which it would be negative. The question is at what point.” — Michael

✅ Yes: “It’s global and has no borders, and nobody controls BTC. It is owned by the global population who want it.” — Bill

✅ Yes: “Proves that a Bitcoin reserve strategy can be very popular among shareholders.” — Chris

⚠️ Neutral: “Neutral here at this time. There is always so much FUD surrounding BTC. I just keep stacking and try to tune out the FUD.” — Owen

⚠️ Neutral: “I'm unclear why a company would hoard just one asset. It is as though they are becoming a Bitcoin bank. BlackRock could be put in same category. Only time will tell if bitcoin really is free from government control. 2025 should be a defining moment.” — Mark

🚫 No, it creates excessive dependence on one entity: “Centralizing Bitcoin in corporations makes Bitcoin less interesting as a medium of exchange and alternative to fiat. Also, what's MSTR’s value proposition as a company if a significant percentage of their value is linked to their BTC holdings? Are they still a company or an incorporated whale?” — Steven

VIDEO

PlanB's January 2025 Bitcoin analysis highlights a $108K all-time high with a $93K December close. 

He claims that the monthly RSI at 73 signals an uptrend, and the realized price at $71K confirms a bull market.

Stock-to-Flow projects a $500K average by 2028, with a wide range of $250K–$1M.

CHARTS & DATA

Realized Price - Despite the dip, Bitcoin’s realized price is still rising and now stands at $41,256.22. A rising realized price is positive, as it signals Bitcoin use at higher prices. It also often acts as a floor price.

Price Projection Models - Bitcoin is right in line with the power law projection model. Stock to flow and stock to income both project price increases over the coming months.

FROM THE ARCHIVE

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