🟠 PayPal + 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 19,365 Minimalist members reading today. 👋 

Today we’re covering:

• Whale dumped on Binance, bought on Coinbase

• Bitcoin OGs fear ethos dilution

• BTC price inversely correlated

  to digital storage costs

• And everything else you need to know.

Estimated read time: 2 minutes and 54 seconds

WHAT WE’RE WATCHING

💳 PayPal now lets U.S. merchants accept Bitcoin. The service, with a 0.99% promo fee, converts BTC into USD using PayPal’s stablecoin. PayPal had turned away from Bitcoin previously, but now appears to be moving towards crypto.

🏦 Ray Dalio recommends allocating 15% of portfolios to gold and Bitcoin. While favoring gold, he warned markets haven’t priced in fiscal risks like $1T annual interest payments and overreliance on debt issuance and money printing.

💰 Twenty One Capital raises its BTC holdings target to 43,500 BTC, now valued at $5.15B. Backed by Cantor Fitzgerald, Tether, and SoftBank, the firm added 5,800 BTC from Tether—1,500 more than its original April projection—signaling stronger institutional interest in Bitcoin reserves.

📱 Samsung and Coinbase partner to expand Bitcoin & crypto access on Galaxy devices. The integration lets users securely store digital assets via Samsung’s embedded Secure Element and access Coinbase Wallet, aiming to simplify crypto use for millions of mobile users across 15 countries.

🚀 ZOOZ Power secures $180M to launch a Bitcoin treasury strategy. This makes it the first dual-listed Israeli firm to do so. Backed by Pantera, FalconX, and others, 95% of proceeds will fund BTC reserves. Jordan Fried takes over as CEO as ZOOZ pivots toward digital asset innovation.

🐋 Analyst Willy Woo points to diverging CVD trends between Binance and Coinbase from July 15–25. While Binance saw heavy selling (~80,000 BTC), Coinbase showed strong buying pressure in the same period. This raises speculation that a single whale offloaded on Binance and accumulated on Coinbase—possibly the same entity.

IN THE LOOP

• Bitcoin OGs selling off holdings has sparked debate over whether institutional adoption is undermining Bitcoin’s original ethos.

• Experts predict a “Bitcoin treasury bubble” could send BTC to $1 million as $11 trillion in institutional capital prepares to enter the market.

• Metaplanet bought 780 more BTC for $92.5 million.

• Strategy paused bitcoin purchases last week as July acquisitions fell 39%.

• Marathon Digital raised $950 million through convertible notes to expand its 50,000 BTC treasury.

• The average cost of 1GB of storage has fallen from $438,000 to $0.01 over 45 years, highlighting digital tech’s exponential progress—and, as Willy Woo suggests, a potential parallel for Bitcoin’s global adoption trajectory.

The most clicked link in our last newsletter was PlanB saying Bitcoin is 2x scarcer than gold but worth 10x less, suggesting it may be at least 10x undervalued.

MACRO & INDUSTRY

• The Fed is expected to hold rates steady as pressure mounts from Trump and others, while calls grow to make FOMC meetings public.

• The White House will release a major crypto policy report on July 30 aimed at regulating digital assets while encouraging innovation and institutional adoption.

POLL

THURSDAY’S POLL RESULTS

Will the U.S. launch a Bitcoin reserve in 2025?

🟩🟩🟩🟩⬜️ 🟢 Yes (81%)

🟥⬜️⬜️⬜️⬜️ 🔴 No (19%)

🟢 Yes: “DJT bought.” — Michael

🟢 Yes: “I predict that Ft. Knox gold will be audited and then repriced at market prices and then the US Treasury will buy Bitcoin with the extra value to fund the SBR/revenue neutral purchases.” — Rob

🔴 No: “Of course, yes. Sometimes I just like to go against the norm.” — Thomas

🔴 No: “Hopeful. But the fiat overlords are still powerful.” — Leo

🔴 No: “The Bitcoin reserve is one of Trump’s pet projects & of the same quality as others: high on emotions, low on rationality. To create a BTC reserve, Trump would need to change the law. Since the question is fraught with so many technical problems, it is unlikely that such a complex law project would pass both houses after Congress recess and before December 31, 2025.” — Tom

CHARTS & DATA

Colored Power Law - Bitcoin remains nearly in-line with the power law projection, currently just 4.35% off the projected price.

Holding During Halvings - Holding Bitcoin for the first 6 months before and 18 months after a halving continues to massively outperform buying and holding.

FROM THE ARCHIVE

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