The Bitcoin Business Newsletter | Bitcoin’s Long-Term Focus on Adoption

Key insight

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Nothing major has shifted in the Bitcoin landscape this week, but many are fixating on short-term price swings.

This is a good time to remind people that Bitcoin should be considered a long-term investment—think 5, 10, or even 25 years. Short-term fluctuations are largely irrelevant and can distract you from what truly matters: running your business and steadily accumulating more Bitcoin.

As always, we should zoom out. Leave the speculation and trading to the amateurs.

In more relevant news, Mastercard launched a euro-denominated debit card that lets users spend Bitcoin directly from non-custodial wallets, a service Bitcoiners have waited over a decade for.

River has released an excellent report, linked below, demonstrating that Bitcoin adoption has increased by 30% over the past year. Despite price fluctuations, real-world adoption keeps moving forward.

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Top News Stories

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Why Business Bitcoin Adoption Grew by 30% in 1 Year

‍Businesses are adopting bitcoin in their treasuries. Our report shows the state of adoption and helps businesses take their first steps in considering this asset.

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Mastercard Launches Euro Denominated Non-Custodial Bitcoin Debit Card

‍Mastercard has launched a euro debit card enabling direct spending of Bitcoin and crypto from non-custodial wallets at its over 100 million merchants. The move reflects Mastercard's expanding efforts to bridge Bitcoin with its traditional payments network.

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MicroStrategy tops Bitcoin-related equities in 2024

‍Mining sector hit hard by Bitcoin halving; Marathon Digital down 27% YTD.

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El Salvador's Bitcoin bet reaps $265M profit, bolsters financial inclusion

‍El Salvador President Nayib Bukele highlights $265 million Bitcoin profit, increased financial inclusion.

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Recommended Articles

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Sovreign

Why Adopting the Bitcoin Standard is a Game-Changer for Businesses TodayBeing on a Bitcoin standard has never been more important than today. Both market and economic forces converge unfavorably, creating significant challenges for conducting business. We must identify and understand the underlying problem to address this issue effectively.

One of our favorite articles that clearly explains Bitcoin's value proposition and the dual forces of inflation that all businesses face.

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PoW is Efficient

‍ForewordMost people think #Bitcoin’s PoW is “wasteful.” In this article, I explore how everything is energy, money is energy, energy usage is subjective, and PoW’s energy costs relative to existing governance systems. This article is a collection of direct thoughts from many individuals in the space — my value-add was in the aggregation, distillation, and combination of narratives.

One of the most acclaimed articles by Dan Held, explaining the inner workings of PoW, and why it’s the key to Bitcoin innovation.

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Recommended Podcasts

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#523: Why a Bitcoin Treasury is the Winning Strategy with Eric Semler

‍Marty sits down with Eric Semler to discuss why Semler Scientific chose to store their value in bitcoin.

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Bitcoin Nation State and Corporate Adoption with Fred Thiel (WiM505)

‍Fred Thiel joins me to discuss Marathon Digital’s (MARA) Bitcoin buying strategy, what makes Marathon unique from other Bitcoin mining companies, Bitcoin nation state adoption, the future of Bitcoin mining, and the roadblocks on the way to global Bitcoin adoption.

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The Bitcoin Power Law with Giovanni Santostasi

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Chart of the Week

The chart below shows how many satoshis you can buy for 1 dollar. A sobering perspective and very fitting for this week's mantra: zoom out.

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“Every informed person needs to know about Bitcoin because it might be one of the world's most important developments.”

 — Leon Luow, Nobel Peace Prize nominee

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