🟠 BTC Reserve

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 20,703 Minimalist members reading today. 👋 

Today we’re covering:

• White House to host first crypto summit

• Ray Dalio warns of U.S. debt crisis

• Reactions to Trump’s crypto reserve

• And everything else you need to know.

Estimated read time: 3 minutes and 3 seconds

WHAT WE’RE WATCHING

🏛️ The White House will host its first crypto summit on March 7. Led by A.I. & Crypto Czar David Sacks, the event will include industry leaders and policymakers. The Trump administration aims to support digital assets and establish the U.S. as a “global crypto hub”.

🚀 Trump named Bitcoin, Ether, XRP, Solana, and Cardano for a U.S. strategic crypto reserve. His move signals a major shift in U.S. crypto policy. The industry responded strongly, with many criticizing the altcoins Trump plans to include.

🌎 The IMF's $1.4B deal with El Salvador includes a ban on public sector Bitcoin accumulation. The agreement also restricts issuing BTC-linked debt and limits government involvement in Bitcoin-related activities. Despite this, President Bukele recently increased El Salvador’s BTC holdings to 6,100 BTC.

⚡ Coinbase CEO Brian Armstrong says a Bitcoin-only U.S. reserve would be the “best option,” calling BTC the clear successor to gold. He also suggested a market cap-weighted index for variety. His comments come amid debate over including altcoins like XRP and Solana in Trump’s U.S. crypto reserve.

🔥 Michael Saylor calls Trump’s crypto reserve plan “the greatest economic program of the 21st century.” He predicts Bitcoin’s market cap could hit $200T, growing 20% annually. Saylor urges the U.S. to acquire BTC to offset national debt and strengthen the industry.

⚖️ Industry leaders criticize Trump’s inclusion of XRP, ADA, and SOL in the U.S. crypto reserve. They argue it “de-legitimizes” Bitcoin as the true reserve asset. Bitwise CEO Hunter Horsely and others say Bitcoin alone makes sense as a store of value, calling the move politically motivated.

📝 Marty Bent: Trump’s "Strategic Crypto Reserve" is misguided. The author argues, because Bitcoin isn’t just another asset—it’s a currency that competes with the dollar. Instead of government-managed reserves, they call for eliminating Bitcoin capital gains taxes and enshrining self-custody rights to let Americans drive adoption organically.

💡 Bitcoin advocate Samson Mow critiques Trump’s U.S. Crypto Reserve proposal, warning it could lead to market manipulation and political favoritism. He argues only Bitcoin meets sound reserve criteria, while assets like XRP, SOL, and ADA reflect lobbying interests. The plan remains uncertain, requiring congressional and regulatory approval.

IN THE LOOP

• Metaplanet bought 156 more Bitcoin and is exploring a potential U.S. listing.

• TD Cowen called Trump's crypto reserve announcement uncoordinated and lacking a funding plan, urging caution against overreacting.

• Ray Dalio warns of a potential U.S. debt crisis and sees Bitcoin as a possible hedge alongside gold.

• Mexican billionaire Ricardo Salinas said 70% of his portfolio is in Bitcoin-related assets.

The most clicked link in our last newsletter was about Michael Saylor pitching Bitcoin to Jeff Bezos as “the best way” to promote personal liberties amid Bezos’ shift toward free markets.

MACRO & INDUSTRY

• Coinbase filed a FOIA request demanding the SEC disclose taxpayer costs of its crypto enforcement under Gary Gensler.

• Tether pledged a full audit under its new CFO amid ongoing transparency concerns.

• The Bybit hacker laundered $1.4 billion in stolen crypto within 10 days.

POLL

THURSDAY’S POLL RESULTS

Will Bitcoin hit another all-time high in 2025?

🟩🟩🟩🟩🟩 👍 Yes (94%)

🟥⬜️⬜️⬜️⬜️ 👎 No (6%)

👍 Yes: “I'm buying, and if you’re smart you will start too. It's going to be an explosive end to the year. ” — James

👍 Yes: “It will go to another all time high then dip 30% again...wash, rinse repeat.” — Chris

👍 Yes: “Bob's your uncle.” — Ethan

👍 Yes: “It’s all-time-high season.” — Javier

👍 Yes: “If the past is a guide to the future. Then quarter 4 of this year will be the peak. But many people will be disappointed with a sub 200k peak. The data is very clear. The massive $1M+ price predictions are not good for the space. Also it gives late adopters less time to stack. Slow steady growth is what Bitcoin does and what it will continue to do. It's the only free global market. Most people are just guessing.” — Danny

👍 Yes: “The fundamentals of BTC remain powerful - scarcity, Institutional buy-in which draws their clients in, a growing distrust in government, and a better understanding of how inflation destroys fiat value.” — Marcus

VIDEO

Bitcoin dropped 18% to $84K in February, shaken by a $1.4B Ethereum hack.

PlanB sees two possible paths:

A red-hot bull market or the start of a bear phase.

RSI and moving averages suggest uncertainty, but the stock-to-flow model still targets around $500K.

📺 Watch the full analysis here.

CHARTS & DATA

Mayer Multiple - Mayer Multiple is at its lowest point yet, sitting at just 1.0.

Reversal - Bitcoin reversed the entire green candle that happened after Trump’s crypto reserve tweets.

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