🟠 BTC Resets

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 New Year to the 19,274 Minimalist members reading today. 👋 

Shorter send today, as news has been slow due to the holidays.

Today we’re covering:

• Tether adds $700M BTC to reserves

• Hong Kong pushes Bitcoin for stability

• El Salvador surpasses 6,000 BTC holdings

• And everything else you need to know.

Estimated read time: 2 minutes and 2 seconds

WHAT WE’RE WATCHING

🌍 Franklin Templeton forecasts global Bitcoin reserve expansion by 2025. Germany and Hong Kong have signaled interest, with Hong Kong’s Wu Jiexhuang proposing Bitcoin for stability and Germany's FDP advocating its adoption.

💰 Tether transferred 7,629 BTC (worth $700M) to its bitcoin reserve, marking the largest buy since March 2024. The stablecoin issuer, generating record profits, aims to diversify holdings, now with over $7.6B in BTC. This follows Tether's 15% profit allocation policy initiated in May 2023.

📊 Bitbo introduces a new chart extrapolating the slopes of Pi Cycle Top moving averages (111DMA and 350DMA x2) over 10 days. This method estimates the potential future cross, signaling a possible Pi Cycle Top date.

📉 MicroStrategy purchased 2,138 BTC for $209 million, solidifying its position as the largest corporate Bitcoin holder with 446,400 BTC. Despite market instability, Michael Saylor hinted at continued acquisitions. Concerns over overexposure continue to exist.

IN THE LOOP

• Bitwise has proposed a Bitcoin ETF focused on companies holding significant BTC reserves, weighting them by holdings rather than market cap.

• El Salvador surpassed 6,000 BTC in Bitcoin holdings, worth $569 million, as the nation continues its daily purchasing strategy.

• Genius Group increased its Bitcoin treasury by 50% to $30 million.

• More Hong Kong lawmakers, including Wu Jiexhuang, are advocating for adding Bitcoin to the city’s reserves.

The most clicked link in our last newsletter was BlackRock’s video where they question Bitcoin’s 21M supply cap, this sparked a debate as to whether a change in the supply would undermine Bitcoin’s identity.

POLL

THURSDAY’S POLL RESULTS

How confident are you in Bitcoin’s supply cap staying fixed?

🟩🟩🟩🟩⬜️ 🔐 100% confident, it’s unchangeable (77%)

🟨🟨⬜️⬜️⬜️ ⚖️ Mostly confident (14%)

🟥⬜️⬜️⬜️⬜️ 🌪️ Skeptical, anything is possible (9%)

🔐 100% confident, it’s unchangeable: “Not fixed, not BTC.” - John

🔐 100% confident, it’s unchangeable: “We won this war once. We're ready if they want to try again. Dump the new coin and buy more Bitcoin for no cost! Forking is a risk most can't stomach!” - James

🔐 100% confident, it’s unchangeable: “Changing the cap would change the BTC concept and diminish its value.” - Robert

🔐 100% confident, it’s unchangeable: “Bitcoin = 21M.” - David

🔐 100% confident, it’s unchangeable: “If they increase supply it’s all over. Each BTC has 100,000,000 satoshis. Blackrock can open a satoshi ETF.” - William

🔐 100% confident, it’s unchangeable: “No more supply! 21M is the whole idea with BTC.” - Michael

🔐 100% confident, it’s unchangeable: “Any increase in supply would spell the end of the greatest monetary innovation in human history.” - Chris

CHARTS & DATA

Halving - Only around 3 years left until the 2028 Bitcoin halving!

Mayer Multiple - Mayer Multiple is re-setting, and is now at just 1.33.

MORE FROM BITBO

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