Overview of this week’s newsletter

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Executive Summary

• Bitcoin adoption: Felipe Muñoz discusses how Bitcoin adoption is growing faster than the internet or mobile phones, reaching 300 million users in just 12 years. BlackRock cites inflation fears, political divisions, and digital transformation as key drivers, with younger generations leading the way.

Key Headlines:

• Italy’s Largest Bank Dives Into Bitcoin With €1 Million Investment Trial

• Semler Scientific Buys an Additional $23M in Bitcoin

• MicroStrategy Surpasses 450,000 Bitcoin in Holdings

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Key insight

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This week’s key insight, by Felipe Muñoz, is about bitcoin adoption growing faster than transformative technologies like the internet and mobile phones.

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BlackRock’s recent report says demographic, economic, and technological trends drive the acceleration.

“Bitcoin’s global and decentralized nature gives it the potential to be viewed as a global monetary alternative that may benefit from global disorder and declining trust in institutions and government issues fiat currencies.”

Comparing bitcoin’s adoption to the technologies mentioned above, the years it took to reach 300 million users vary significantly. The mobile phone took 21 years, the internet took 15 years, while Bitcoin achieved the milestone in only 12 years!

The resonance of bitcoin has grown due to global trends such as fear and uncertainty around inflation and political divisions, highlighting bitcoin’s value as a decentralized asset.

Additionally, the digital transformation of the global economy is reshaping finance; as digital asset infrastructure matures, it's reducing barriers to bitcoin access and fostering fresh interest across industries.

Younger generations are more likely to embrace digital tools than GenX and Baby Boomers, accelerating the amount of users even further.

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Top News Stories

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Italy’s Largest Bank Dives Into Bitcoin With €1 Million Investment Trial

Intesa Sanpaolo tested Bitcoin with a €1 million investment, stressing limited exposure and strict controls.

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Semler Scientific Buys an Additional $23M in Bitcoin

Semler Scientific added 237 Bitcoin for $23M, totaling 2,321 Bitcoin worth $192M.

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MicroStrategy Surpasses 450,000 Bitcoin in Holdings

MicroStrategy's Bitcoin holdings exceeded 450,000 Bitcoin after a $243M purchase during a market dip.

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Oklahoma Introduces Strategic Bitcoin Reserve Act – Bitbo

Rep. Cody Maynard has introduced the Strategic Bitcoin Reserve Act (HB1203), aiming to allow Oklahoma's state savings and pension funds to invest in Bitcoin, enhancing financial security and combating inflation.

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Texas Proposes Strategic Bitcoin Reserve Act – Bitbo

Texas lawmakers introduced the Texas Strategic Bitcoin Reserve Act, which would create a state-administered Bitcoin reserve to hedge against inflation, promote financial resilience, and allow Bitcoin donations to benefit the state’s fiscal future.

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Other Noteworthy News

🔵A Bitcoin Treasury Shareholder Proposal has been submitted to Meta.

💳Visa's latest data shows Bitcoin's blockchain now processes almost as much transaction volume as Visa itself and has overtaken PayPal.

🎴Tether Secures License in El Salvador To Expand Focus On Emerging Markets

📈Bitcoin Nears $100K as Inflation Eases and Dollar Weakens

💠Deevers introduces Bitcoin Freedom Act to Bring Oklahoma’s Economy into the Future

📈Corporate Bitcoin holdings have more than doubled over the past year, according to Bitwise

🔶North Dakota becomes the 5th state with legislation introduced to establish a 'Strategic Bitcoin Reserve'

🔷New Hampshire to Create Bitcoin Reserve for State Treasury

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Recommended Article

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Spot Bitcoin ETF Approval Was The Most Important Moment In 2024

These ETFs set the stage for how bullish 2024 was to become.

This article talks about the SEC's approval of spot Bitcoin ETFs in 2024 sparked a historic bull market, driving Bitcoin adoption, political support, and corporate investment while pushing its price near $100,000.

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2025 Look Ahead

Is it “too late” to enter digital assets? Learn how a building bear market may point toward accelerated growth for digital assets in 2025 and beyond.

This article is an overview of Fidelity Digital Assets' 2025 Look Ahead report, which examines the future of digital assets following a historic 2024.

“We expect 2025 to be the year this changes for both acceptance and adoption. This is to say, we anticipate more nation-states, central banks, sovereign wealth funds, and government treasuries will look to establish strategic positions in bitcoin.”

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Recommended Podcasts

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What's The Problem? - Demystifying why we all need Bitcoin - Joe Bryan

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#572: The Story of How Money Was Broken with Joe Bryan

TFTC: A Bitcoin Podcast · Marty sits down with Joe Bryan to discuss his presentation of the problem of fiat currency.

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Putting Bitcoin on The Balance Sheet w/ Siddarth Bharwani, Alexandre Laizet, Patrick Lowry

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Chart of the Week

Bitcoin: Percent Addresses in Profit

The chart shows the percentage of bitcoin addresses where the average purchase price is below the current market value, indicating they are in profit.

It tracks market sentiment by revealing how much of the market is holding bitcoin at a profit versus a loss.

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“I do not think it is an exaggeration to say history is largely a history of inflation, usually inflations engineered by governments for the gain of governments.”

– Friedrich Hayek

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