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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 17,966 Minimalist members reading today. 👋
Today we’re covering:
MicroStrategy buys 15.4k BTC ($38 billion),
U.S. moves 19,800 BTC seized in 2021,
PlanB predicts a $500K Bitcoin peak,
And everything else you need to know.
Estimated read time: 2 minutes and 44 seconds
Check out the latest merch in Bitbo’s Bitcoin store!
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WHAT WE’RE WATCHING
MSTR now owns 1.9% of all BTC.
📈 MicroStrategy acquired 15,400 Bitcoin for $1.5 billion, boosting its total to 402,100 BTC, now worth $38 billion. Funded by $1.48 billion in stock sales, this marks their fourth consecutive week of major purchases.
📊 [VIDEO] PlanB combines five metrics into a single Bitcoin chart, analyzing price, RSI, moving average, realized price, and stock-to-flow. Highlights include Bitcoin's $99.8K peak, RSI's bullish transition, a $500K stock-to-flow target, and moving averages suggesting strong support at $42K.
💼 The U.S. government moved 19,800 BTC. These BTC are valued at $1.9B, and were seized in a 2021 Silk Road investigation. The coins were moved to a Coinbase Prime wallet. The funds were linked to wire fraud convict James Zhong.
📜 Coinbase policy executive predicts swift crypto regulation under Trump. Faryar Shirzad highlighted pro-Bitcoin leadership in Congress and the presidency as key drivers. Two bills, FIT 21 and the Clarity for Payment Stablecoins Act, could advance rapidly.
✈️ Volato introduces patent-pending tech to mine Bitcoin using underutilized aircraft resources. The technology targets aviation inefficiencies. The system, optimized for high-altitude performance, turns excess electricity and space into Bitcoin.
⚠️ Bitcoin plunged 30% on South Korean exchanges amid martial law declaration. President Yoon Suk Yeol accused opposition parties of undermining the government, triggering market panic. BTC fell from $96,000 to $63,000 in USD terms on South Korean exchange Upbit before recovering.
💻 [JOB] Bitbo is looking to hire a full-time software engineer for charts.bitbo.io. Required skills include Python, PostgreSQL, and Docker. Blockchain querying and Bitcoin knowledge are preferred. Interested candidates should please email us their experience in coding and Bitcoin to [email protected].
IN THE LOOP
MARA Holdings plans an $850M convertible notes offering to acquire more Bitcoin.
Bitcoin miners' revenues surged in November as prices neared $100K, with public firms like TeraWulf and MARA outperforming Bitcoin's 39% climb.
Coinbase now supports Apple Pay for instant fiat-to-Bitcoin purchases.
[VIDEO] Jason Calacanis criticized Michael Saylor's Bitcoin Treasury strategy as "crazy stupid behavior," accusing him of orchestrating a market squeeze.
BlackRock’s IBIT spot Bitcoin ETF surpassed 500,000 BTC in assets under management.
POLL
PlanB predicts a $500K Bitcoin peak this cycle. Do you believe this target is reasonable? |
THURSDAY’S POLL RESULTS
Do you think nation-states holding Bitcoin as a reserve asset will become the norm by 2030?
🏦🏦🏦🏦 Yes, nations will have no choice but to adopt BTC - 76%
🌐🌐 Only a few will take the leap - 23%
🛑 No, gold & fiat will still dominate reserves - 1%
🏦 Yes - “I believe this is a successful and profitable strategy that is leading to imitation and then FOMO.” - James
🏦 Yes - “They are simply trying to be like me as I predicted to my children 10 years ago.” - Anthony
🏦 Yes - “If the US adopts BTC as the reserve asset...world governments, states, local municipalities, institutions will all want to be part of it.” - Chris
🌐 Only a few will take the leap - “Of the 193-195 countries (depending on who's counting), it's unlikely that it will be considered, "the norm" globally within 5 years. Though things move slowly before they move fast ... TBD.” - Michael
VIDEO
Michael Saylor gave a 3-minute presentation to Microsoft.
Saylor explained why it makes sense for Microsoft to adopt a Bitcoin strategy.
CHARTS & DATA
Bitcoin difficulty continues to rise.
Difficulty - Bitcoin mining difficulty adjusted yesterday, and reached an all-time high of 103.92T.
VDD is currently moving up quickly.
VDD Multiple - Bitcoin VDD is still moving up, and it now stands at 2.06. We have yet to reach the red zone like we did during the March 2024 ETF bull run top.
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