- Bitcoin Minimalist
- Posts
- 🟠 BTC Executive Orders
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 19,722 Minimalist members reading today. 👋
Today we’re covering:
MicroStrategy now holds 450,000 BTC
BlackRock's Bitcoin ETF boosts adoption
Trump to prioritize Bitcoin executive orders
And everything else you need to know.
Estimated read time: 2 minutes and 58 seconds
Invest in & trade Bitcoin with data, not guesses
📈 Unlock 30+ private charts - with more added weekly
⚡ Faster chart updates - from 1 hour to 10 seconds
📝 Reports - Monthly Bitcoin price analysis by Jordan, Bitbo’s CEO
🔔 Live alerts - on key indicators and charts
🎁 Private TradingView indicators - lifetime access
WHAT WE’RE WATCHING
Only six more days until Trump takes office.
🇺🇸 Donald Trump plans to prioritize Bitcoin with executive orders on day one of his presidency. Key policies, shaped by Marc Andreessen and David Sacks, address Bitcoin industry de-banking and plans to boost US crypto industry growth. This marks a shift from Biden's stricter crypto policies after the 2022 FTX collapse.
📢 A leak reveals Trump’s crypto-focused executive orders could trigger a Bitcoin surge. Expected actions include repealing SAB121, which counts Bitcoin as a liability, aligning with Wall Street's growing interest in Bitcoin through spot ETFs and fair value accounting. Advocates predict a price spike to $5M per coin.
📊 MicroStrategy acquired 2,530 BTC for $243M. This brings MSTR’s total holdings to 450,000 BTC (~2.1% of Bitcoin's supply) with an average purchase price of $95,972 per Bitcoin. This purchase follows a sale of 710,425 company shares, part of a $42B fundraising plan for further acquisitions.
🏛️ North Dakota considers adding Bitcoin to its treasury through Resolution 3001. This advisory bill encourages diversifying state funds into Bitcoin and precious metals. While Bitcoin isn't explicitly mentioned, the neutral language aims to ease political adoption, reflecting a growing trend among U.S. states to hedge against inflation.
🚀 Bitcoin adoption outpaces the internet and mobile phones, says BlackRock. Factors include digital-native demographics, economic instability, and improved infrastructure.
📈 Blockware Intelligence predicts a bullish 2025 for Bitcoin, with prices ranging from $150,000 to $400,000. Key drivers include U.S. monetary easing, rising corporate BTC adoption, and potential creation of a U.S. Strategic Bitcoin Reserve. Mining profitability is expected to rise as Bitcoin outpaces hashrate growth.
📌 [JOB] BitGo seeks to hire a Senior Software Engineer. The role involves enhancing multi-signature Bitcoin wallets, scaling systems for billions in monthly transactions, and integrating cutting-edge Bitcoin features. Requirements include 5+ years in full-stack development, Node.js/TypeScript proficiency, and Bitcoin expertise. Salary: $165K–$240K plus equity, bonuses, and benefits.
📊 Bitbo launches a daily RSI chart for Bitcoin. The RSI measures price momentum, signaling overbought conditions above 70 and oversold conditions below 30. This tool helps track 14-day price trends, offering insights into potential market strength, weakness, and reversals.
IN THE LOOP
Nick Szabo joins JAN3 as Chief Scientist to advance Bitcoin's role in global trade and finance.
Semler Scientific purchased $23 million in Bitcoin, bringing its total holdings to $192 million.
BlackRock launched the iShares Bitcoin ETF in Canada.
Ming Shing Group's subsidiary purchased 500 Bitcoins for $47 million as a short-term investment.
Intesa Sanpaolo became the first Italian bank to invest in Bitcoin, purchasing $1 million worth without revealing future plans.
Four Russian nationals were indicted for operating Blender.io and Sinbad.io crypto mixers, accused of laundering funds tied to illegal activities.
SEC Chair Gary Gensler said, "Bitcoin is a highly speculative asset, but 7 billion people want to trade it."
The most clicked link in our last newsletter was about the U.S. government plan to sell $6.5 billion in Silk Road Bitcoin, despite Trump’s plan to retain seized Bitcoin as a strategic reserve.
POLL
What's the highest price will Bitcoin hit in January 2025?Momentum appears to be building as Trump will take office in 6 days. |
THURSDAY’S POLL RESULTS
Why do you think Bitcoin's price dropped to $93,000?
🟨🟨⬜️⬜️⬜️ 📉 Fed policies, fears over rate hikes & inflation risks (17%)
🟩🟩🟩🟩⬜️ 🏦 U.S. government selling Silk Road BTC (38%)
🟥⬜️⬜️⬜️⬜️ 🌎 Global uncertainty before Trump (9%)
🟩🟩🟩🟩⬜️ 🔄 Normal and healthy pullback (36%)
🔄 Normal and healthy pullback: “This kind of pullback is normal after a rise in price like bitcoin just made.” — Tyler
🔄 Normal and healthy pullback: “As I always tell my kids - TIB (this is Bitcoin).” — Chris
🔄 Normal and healthy pullback: “Zzzzz” — Benjamin
VIDEO
🎥 Matthew Kratter's Who Actually Controls Bitcoin? on the Bitcoin University channel explains Bitcoin’s decentralized consensus process.
Stakeholders like nodes, miners, exchanges, developers, and users collaborate to determine its functionality. Bitcoin's resistance to change enhances security by reducing vulnerability to attacks.
Important to know in case we get any fork wars, like the 2017 Bitcoin Cash saga!
CHARTS & DATA
Power Law Rainbow - Bitcoin remains in the blue zone of the Bitcoin power law rainbow. This means it’s within 6 months of the projected power law price.
Bitcoin Fear & Greed - The Bitcoin Fear & Greed Index is slowly pulling back from extreme greed, and is now at just 63.
|
FROM THE ARCHIVE
Billionaire MicroStrategy CEO, Michael Saylor, explaining why the iPhone was the future, exactly 12 years ago.
Today, he believes Bitcoin is headed to $49,000,000 and is buying millions every week.
MORE FROM BITBO
The Bitcoin Minimalist is run by Bitbo. Browse our most popular pages across our sites:
Bitbo Pro: Analytics & intelligence to supercharge your Bitcoin investing & trading.
Bitbo Charts: Useful Bitcoin charts, featuring on-chain metrics and other Bitcoin analysis.
Bitbo Store: Shirts, hats, hoodies, mugs, and other merch for Bitcoiners.
Bitbo Dashboard: View live price action, monitor on-chain data, and track key economic indicators - all for free.