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The Bitcoin Business Newsletter

For leaders who need to stay informed.

May 01, 2025

By Sovreign

Key Insight

This week's key insight is written by Felipe Muñoz.

It’s interesting to see how different market participants decide to handle Bitcoin. Banks are careful, while public and private companies can’t seem to accumulate fast enough. What will be most interesting is seeing who made the right moves and who didn’t.

Michael Saylor’s Manhattan real estate analogy on this topic is fascinating:

Whoever bought real estate in Manhattan between the 1600s and the 1900s secured a financially wealthy future for many generations after them.

Why? Because Manhattan is only so big. Just like Bitcoin, the network will only ever facilitate 21 million coins.

The clue wasn’t to buy Manhattan real estate early and sell it 100 years later, not even 200 or 300 years later. The clue is to pass it on to the next generation.

There’s a famous saying among Bitcoiners: everyone buys Bitcoin at the price they deserve.

That only holds until you’re priced out, like most people are priced out of Manhattan.

Moral of the story? It goes without saying, but don’t get priced out.

There’s still time, and we’re here to help.

Satoshi's Per US Dollar: 1056

Fear and Greed Index: Neutral (53/100)

Stock-to-flow Price of bitcoin: $677,866

Bitcoin's total market capitalization: $1.88T

Bitcoin's dominance in the overall cryptocurrency markets sits at 63.5%

Logarithmic Growth Curve suggests bitcoin is currently: Undervalued!

Treasury Adoption Updates and News:

  • Strategy adds another 15,355 Bitcoins to the treasury

  • Semler Scientific adds another 165 Bitcoins to the treasury

  • The Swiss National Bank firmly rejects adding Bitcoin to its official reserves, stating volatility issues

  • An adoption wave, few are talking about, according to Marty Bent, is the intersection between AI and Bitcoin. Read his insightful post here

  • A new statue honoring Satoshi Nakamoto was unveiled in Tokyo

Bitcoin Well logo PNG

This week’s newsletter is brought to you by Bitcoin Well.

Bitcoin Well is the leading platform for buying and selling Bitcoin in Canada and the US. With Bitcoin Well Infinite, you can now make large purchases of over $50,000 through their OTC desk. Their white-glove service provides fast transactions with no slippage and the lowest fees in the market.

Top News Stories

Federal Reserve Eases Bitcoin Rules, Banks Gain New Freedom – Bitbo

The Federal Reserve has rescinded its digital asset restrictions, allowing banks to offer Bitcoin services without needing special approval.

Semler Scientific Expands Bitcoin Holdings With Latest $10M Purchase

Semler Scientific bought 111 Bitcoin for $10M, now holding 3,303 Bitcoin, as its yield fell to 23.5% and shares dropped 37% in 2025.

Bitwise CIO Predicts Record Bitcoin ETF Inflows in 2025 – Bitbo

Bitwise CIO Matt Hougan expects major U.S. wirehouses to open access to Bitcoin ETFs by year-end, paving the way for record-breaking inflows in 2025.

$3.4B Flows Into Bitcoin Funds Amid Tariff, Dollar Worries – Bitbo

Global Bitcoin investment products recorded $3.4 billion in net inflows last week, the third-largest on record, amid concerns over tariffs and a weakening dollar.

Grayscale Launches ETF for Bitcoin Treasury Firms – Bitbo

Grayscale has introduced the BCOR ETF, targeting companies that use Bitcoin for treasury diversification and inflation hedging.

Morgan Stanley to Launch Bitcoin Trading on E-Trade – Bitbo

Morgan Stanley is preparing to offer Bitcoin trading on its E-Trade platform by 2025, marking a major step into direct digital asset access for retail clients.

Bo Hines Details US Plan for Strategic Bitcoin Reserve – Bitbo

Bo Hines outlined the Trump administration's push to establish a Strategic Bitcoin Reserve as part of its goal to make the US a global 'Bitcoin superpower.'

Other Noteworthy News

📈Strategy Stock Jumps 32% Ahead of Q1 Earnings Call

🏛️New Hampshire Senate to Vote on Bitcoin Reserve Bill

💠Serbia's Prince Filip Predicts Bitcoin 'Omega Candle' Surge

⚖️Commerce Secretary: Bitcoin Should Be Treated Like Gold

📜Ruya, a digital bank in the UAE, has become the first Islamic bank to offer direct Bitcoin and crypto purchases through its app

📃Panama City officially signs deal with local bank to process municipal payments in Bitcoin

🌍Metaplanet Expands to U.S., Targets $250M Bitcoin Raise

Recommended Article

TFTC - INSIDER: "Strategic Reserve Plans ACCELERATING Behind The Scenes" | Brian Morgenstern

Brian Morgenstern outlines the U.S. shift from Bitcoin crackdown to adoption, highlighting reserve plans, bit bonds, and bold federal moves.

In this article, Brian Morgenstern explains how the U.S. is working to embed Bitcoin as a strategic and irreversible part of its financial system.

Bitcoin, AI, and the Future of Work: A Deep Dive with Bram Kanstein

The Bitcoin Business Podcast · Bitcoin is more than a financial tool—it’s a lens through which we can rethink value, time, and the very structure of society. In this episode, I’m joined by Bram Kanstein, creator of Bitcoin for Millennials and long-time entrepreneur, to talk about the growing convergence between Bitcoin, AI, and the future of work.

Why Smart Businesses Are Buying Bitcoin with Isaiah Douglass

The Bitcoin Business Podcast · Bitcoin isn’t just sound money—it’s becoming the foundation of smart business strategy. In this episode, I’m joined by Isaiah Douglass, Director at Swan Bitcoin, where he helps businesses and individuals navigate Bitcoin adoption through education, allocation, and strategic planning.

Chart of the Week

Bitcoin: Power Law

The Bitcoin Power Law Chart is a long-term model that uses log-log scale and power law regression on historical price data to show that Bitcoin’s price follows a predictable mathematical pattern within defined upper and lower bands, rather than random speculation.

Source: Bitcoin Magazine Pro

“In 2008, Bitcoin was mysteriously introduced to the world in an obscure, technical paper written under the pseudonym Satoshi Nakamoto. By late 2013, the financial press was filled with reportage on Bitcoin and its dramatic price increase.”

– Steve Hanke