🟠 BTC Adoption

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 Thursday to the 19,666 Minimalist members reading today. 👋 

Today we’re covering:

• Corporate BTC holdings up 154%

• Tool to compare hidden exchange fees

• Adam Back says Bitcoin is “too low”

• And everything else you need to know.

Estimated read time: 2 minutes and 55 seconds

WHAT WE’RE WATCHING

🇺🇦 Ukraine drafts law to create Europe’s first national Bitcoin reserve. The initiative, supported by Binance, aims to protect the economy from war-related instability. The draft law is nearly complete and could speed up Ukraine’s broader crypto legislation efforts slated for 2025.

🏢 Corporate Bitcoin holdings surged 154% since 2024, with over 2,000 firms using River’s platform to accumulate BTC. Sectors like finance, tech, and real estate lead adoption, citing inflation hedging, 24/7 liquidity, and reduced banking risks as key drivers of the trend.

💸 Bitbo launches a fee comparison tool for U.S. Bitcoin buyers. It calculates both exchange and hidden spread fees across platforms like River, Coinbase, Swan, and Strike, and includes recurring buy (DCA) options to help users find the lowest-cost purchasing method.

🤖 In Marty’s Bent, he argues that the most powerful business model is combining AI with Bitcoin. While firms mimic Strategy’s capital-market arbitrage, he sees greater potential in small, high-margin teams using AI to build fast, profit early, and store value in BTC.

⛓️ Bitbo launches a new chart estimating Bitcoin’s next difficulty retarget. Using a 12-hour moving average of hashrate, it estimates the amount of time until the network adjusts mining difficulty.

💬 Blockstream CEO Adam Back tells Decrypt Bitcoin is “too low” at ~$103K and could hit $500K–$1M this cycle. Citing $41B in ETF inflows and crypto-friendly U.S. policies, Back argues the current price doesn’t reflect institutional demand or historical halving trends.

IN THE LOOP

• Strategy co-founder Michael Saylor says Bitcoin could make the company worth $10 trillion.

• Coinbase CEO says joining the S&P 500 proves crypto is here to stay and will be part of everyone’s 401(k).

• Bitcoin rose 43,587% over the last 10 years, far outperforming stocks, gold, and inflation.

• Over half of UK Bitcoin users have never sold, with CoinCorner reporting long-term, strategic buying among older, experienced investors.

• Arthur Hayes predicts Bitcoin will hit $1 million by 2028 due to U.S. Treasury devaluation and tightening European capital controls.

• Coinbase faces up to $400 million in costs after rejecting a $20 million ransom demand tied to an insider-led phishing attack.

The most clicked link in our last newsletter was about three teens kidnapping a Las Vegas man and stealing $4M in crypto and NFTs, leaving him in the desert.

MACRO & INDUSTRY

• A tiny, China-linked company with no revenue says it will buy $300 million of Trump’s memecoin.

• The Samourai Wallet case could set a precedent that threatens self-custody and peer-to-peer Bitcoin use in the U.S.

• Chainalysis CEO Jonathan Levin says false beliefs about crypto anonymity may be fueling a rise in violent Paris kidnappings targeting Bitcoiners and crypto users.

POLL

TUESDAY’S POLL RESULTS

Will Bitcoin make an all-time high in May?

🟩🟩🟩🟩⬜️ 👍 Yes (79%)

🟨⬜️⬜️⬜️⬜️ 👎 No (21%)

👍 Yes: “Sure will.” — Tim

👍 Yes: “6m away, two weeks left...why not?” — Chris

👍 Yes: “It is very likely that it will.” — Alex

👎 No: “Volume is down it’s possible there’s a breakout in either direction but I believe it has less upside than downside.” — Isaac

👎 No: “Not in May, but during this summer it will shoot to the stars. Buy now while it's low. I see it going up around 200k by 2026.” — Will

VIDEO

🎥 In an in-depth FT analysis, Michael Saylor defends Strategy’s $50B Bitcoin bet. 

Saylor breaks down the debt-driven “infinite money glitch” behind its stock surge.

The film explores how MicroStrategy became a leveraged Bitcoin vehicle—and whether the model can survive a Bitcoin crash.

Watch the full film here:

CHARTS & DATA

50 MARP Momentum - 50 MARP momentum has flipped back into the green, as it usually is during Bitcoin bull markets.

Golden Cross - Bitcoin is days away from a golden cross on the daily chart.

MORE FROM BITBO

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