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The Bitcoin Business Newsletter
For leaders who need to stay informed.
By Sovreign
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
Key insight
This week’s key insight, by Felipe Muñoz, is about bitcoin adoption growing faster than transformative technologies like the internet and mobile phones.
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.
Top News Stories
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
Recommended Article
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.
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.”
Recommended Podcasts
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.
Source: Bitcoin Magazine Pro
“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.”