issue 237 - week of 4-25-25
curating the good stuff for the casual bitcoin enthusiast each week
summary podcast
Listen below for an succinct overview in podcast format of all items contained in this issue of the newsletter.
news
I used Google NotebookLM and ChatGPT to summarize the information in this week’s news links:
Bitcoin Price Targets and Institutional Adoption Surge
ARK Invest has dramatically increased its 2030 Bitcoin bull case price target to $2.4 million, driven by Bitcoin’s Total Addressable Market (TAM), adoption trends, and limited supply dynamics. Institutional demand is a key catalyst, with BlackRock’s Bitcoin ETF projected to become the world’s largest and Bitcoin ETFs seeing significant inflows, such as $912 million recently, pushing Bitcoin’s price above $94,000. Publicly traded companies are increasingly adopting Bitcoin as a treasury asset, following MicroStrategy’s lead, which holds 538,200 BTC as of April 2025. Other firms like Japan’s Metaplanet and HK Asia Holdings are also accumulating Bitcoin, while a new firm, Twenty One, backed by major players like Cantor and SoftBank, aims to aggressively acquire Bitcoin and build related products. This institutional embrace is seen as a net positive, enhancing liquidity and network security, though concerns linger about potential centralization risks.
ARK Invest has dramatically increased its 2030 Bitcoin bull case price target to $2.4 million, driven by Bitcoin’s Total Addressable Market (TAM), adoption trends, and limited supply dynamics. Institutional demand is a key catalyst, with BlackRock’s Bitcoin ETF projected to become the world’s largest and Bitcoin ETFs seeing significant inflows, such as $912 million recently, pushing Bitcoin’s price above $94,000. Publicly traded companies are increasingly adopting Bitcoin as a treasury asset, following MicroStrategy’s lead, which holds 538,200 BTC as of April 2025. Other firms like Japan’s Metaplanet and HK Asia Holdings are also accumulating Bitcoin, while a new firm, Twenty One, backed by major players like Cantor and SoftBank, aims to aggressively acquire Bitcoin and build related products. This institutional embrace is seen as a net positive, enhancing liquidity and network security, though concerns linger about potential centralization risks.
Bitcoin as Digital Gold and Emerging Market Potential
Bitcoin is gaining traction as a “digital gold,” with ARK Invest suggesting its store-of-value potential could capture over a third of its $2.4 million valuation by taking 60% of gold’s $18 trillion market cap. Unlike gold, which Saifedean Ammous argues lacks monetary premium due to its industrial and jewelry uses, Bitcoin’s fixed supply and transparency position it as a superior hedge against inflation. Emerging markets are a significant growth driver, with ARK noting their potential to contribute 13.5% to Bitcoin’s valuation due to its ability to protect wealth in economies facing currency devaluation. Early adoption in regions like Latin America, Asia, and Africa, often by those distrustful of traditional financial systems, underscores Bitcoin’s appeal to the unbanked and its role in decentralizing global capital.
Bitcoin is gaining traction as a “digital gold,” with ARK Invest suggesting its store-of-value potential could capture over a third of its $2.4 million valuation by taking 60% of gold’s $18 trillion market cap. Unlike gold, which Saifedean Ammous argues lacks monetary premium due to its industrial and jewelry uses, Bitcoin’s fixed supply and transparency position it as a superior hedge against inflation. Emerging markets are a significant growth driver, with ARK noting their potential to contribute 13.5% to Bitcoin’s valuation due to its ability to protect wealth in economies facing currency devaluation. Early adoption in regions like Latin America, Asia, and Africa, often by those distrustful of traditional financial systems, underscores Bitcoin’s appeal to the unbanked and its role in decentralizing global capital.
Political Shifts and Bitcoin’s Ideological Rise
A pro-Bitcoin political climate, particularly in the U.S. under the current administration, is fostering optimism, with figures like Donald Trump and his family actively supporting the asset. El Salvador’s Bitcoin reserve strategy and education programs under President Bukele serve as a global model, while U.S. sanctions and tariffs may accelerate a shift toward decentralized finance. Bitcoin’s fixed supply is hailed as its core innovation, enabling a separation of money from state control—a concept likened to a “sly workaround” in Austrian economics. The “Bitcoin mafia,” a resilient community of long-term holders, is poised to become future capital allocators, driven by a moral framework for saving and investing. However, challenges like “current thingism”—a focus on short-term market noise—and potential regulatory hurdles to self-custody could impede broader adoption, though the overall sentiment remains bullish.
A pro-Bitcoin political climate, particularly in the U.S. under the current administration, is fostering optimism, with figures like Donald Trump and his family actively supporting the asset. El Salvador’s Bitcoin reserve strategy and education programs under President Bukele serve as a global model, while U.S. sanctions and tariffs may accelerate a shift toward decentralized finance. Bitcoin’s fixed supply is hailed as its core innovation, enabling a separation of money from state control—a concept likened to a “sly workaround” in Austrian economics. The “Bitcoin mafia,” a resilient community of long-term holders, is poised to become future capital allocators, driven by a moral framework for saving and investing. However, challenges like “current thingism”—a focus on short-term market noise—and potential regulatory hurdles to self-custody could impede broader adoption, though the overall sentiment remains bullish.
Bitcoin ETFs See $912 Million Inflows, Bitcoin Price Surges Above $94,000.
https://bitcoinmagazine.com/news/bitcoin-etfs-see-912-million-inflows-bitcoin-price-surges-above-94000
Bitcoin Rallies Above $90,000 to Extend Rebound to More Than 20%.
https://www.bloomberg.com/news/articles/2025-04-22/bitcoin-rallies-20-during-market-turmoil-to-diverge-from-tech
Bitcoin Is Decoupling—and It Doesn’t Care About Tariffs or Earnings Reports.
https://bitcoinmagazine.com/bitcoin-for-corporations/bitcoin-is-decoupling-doesnt-care-about-tariffs
ARK’s Price Target For Bitcoin In 2030
https://www.ark-invest.com/articles/valuation-models/arks-bitcoin-price-target-2030
Tether, SoftBank Group, and Jack Mallers Launch Twenty One, a Bitcoin-native Company, Through a Business Combination With Cantor Equity Partners.
https://www.businesswire.com/news/home/20250423962305/en/Tether-SoftBank-Group-and-Jack-Mallers-Launch-Twenty-One-a-Bitcoin-native-Company-Through-a-Business-Combination-With-Cantor-Equity-Partners
Federal Reserve Board announces the withdrawal of guidance for banks related to their crypto-asset and dollar token activities and related changes to its expectations for these activities.
https://www.federalreserve.gov/newsevents/pressreleases/bcreg20250424a.htm
Strategy Acquires 6,556 BTC and Now Holds 538,200 BTC.
https://www.strategy.com/press/strategy-acquires-6556-btc-and-now-holds-538200-btc_04-21-2025
Billionaire Jack Dorsey Says “A Lot Coming” to Block’s Self-Custody Bitcoin Wallet Next Month.
https://dailyhodl.com/2025/04/24/billionaire-jack-dorsey-says-a-lot-coming-to-blocks-self-custody-bitcoin-wallet-next-month/
Bitcoin supply on exchanges is falling “due to public company purchases” — Fidelity.
https://cointelegraph.com/news/bitcoin-supply-exchanges-falling-public-company-purchases-fidelity
Jameson Lopp: Bitcoin Is Not A Finished Project.
https://bitcoinmagazine.com/technical/jameson-lopp-bitcoin-is-not-a-finished-project
media
Podcast. The Bitcoin Matrix: Why 99% Aren’t Ready for $100M Bitcoin (But It’s Coming).
Bloomberg. Cantor, Tether, SoftBank Back New Bitcoin Firm.
Podcast. The Pomp Podcast: America Is Moving To Bitcoin Standard?! | Saifedean Ammous.
Unchained: Bitcoin, Not Crypto — Part I: In Search of a Finite Monetary Policy.
Bitcoin University. Bitcoin Going To $250,000 Soon?
Unchained. Twenty One Aims to Buy as Much Bitcoin as Possible. Can It Succeed?
Podcast. Archie Podcast: Max Keiser & Stacy Herbert: Bitcoin Evolution and Nation-State Adoption | S01 E001.
Podcast. Invest Like the Best: Investing at the Frontier with Matt Huang.
https://joincolossus.com/episode/investing-at-the-frontier/
tweets
(Substack blocking direct Twitter links at the moment)
https://x.com/rovercrc/status/1913909760900178392
https://x.com/CredibleCrypto/status/1913778525426847988
https://x.com/CryptosR_Us/status/1913611625967280586
https://x.com/GertvanLagen/status/1914267556157829609
https://x.com/Washigorira/status/1914306366031700166
https://x.com/BitcoinNewsCom/status/1914309897761533976
https://x.com/MacroScope17/status/1914343111435633075
https://x.com/JoeConsorti/status/1914692046205469093
https://x.com/TheRealPlanC/status/1914718696699809910
https://x.com/PeterLBrandt/status/1914690112895770658
https://x.com/GertvanLagen/status/1914963778069766467
https://x.com/PeterLBrandt/status/1914828045032272150
https://x.com/Eric_BIGfund/status/1915008558648664148
https://x.com/BitcoinNewsCom/status/1915049380736037215
https://x.com/BTC_Archive/status/1915104515277070488
https://x.com/DavidFBailey/status/1915134835355795720
https://x.com/pete_rizzo_/status/1915189289438106081
https://x.com/paoloardoino/status/1915405042879779158
https://x.com/Strike/status/1915446080512180502
https://x.com/DigitalAssets/status/1915386493654249487
https://x.com/FTDA_US/status/1915407040995881002
https://x.com/Vivek4real_/status/1915677875300139023
https://x.com/BikesandBitcoin/status/1915781924599087358
https://x.com/TuurDemeester/status/1915755787214901734
https://x.com/JoeConsorti/status/1911870734659686727
https://x.com/ali_charts/status/1916283401155334223
https://x.com/woonomic/status/1916359463910707450
https://x.com/invest_answers/status/1916182008067461202
https://x.com/aganstwallst/status/1916224024192942492
https://x.com/AxelAdlerJr/status/1916395560749138308
https://x.com/ali_charts/status/1916402436438413572
https://x.com/caprioleio/status/1914922006853951946
https://x.com/BoldBitcoin/status/1916175542258208980
https://x.com/CryptoKidcom/status/1916454936298311714
If you think we’ve missed something important, please send it to us and we’ll be sure to add it to next week’s newsletter… And please share!
