Key Insights

This week's key insights are provided by Felipe Muñoz.

Another interesting week in Bitcoin-land! While the European Central Bank and Bill Gates dismiss Bitcoin as worthless, a global conviction in bitcoin continues to surge. It will be fascinating to see which perspective ultimately holds sway. My bets are in!

Despite a slight decrease in bitcoin's total market capitalization from last week, its dominance in the overall crypto market has increased, which is an interesting dynamic to pay attention to. Are you securing bitcoins while you can get more than 1000 fractions for $1?

Let’s see why that might be a good idea:

Price Trends Jan 31 - Feb 6:

Satoshi's Per US Dollar: 1022

Stock-to-flow Price of Bitcoin: $420,085

Bitcoin's total market capitalization: $1.94 trillion (-4.43%)

Total addresses holding non-zero balance: 54,774,630

Bitcoin's dominance in the overall cryptocurrency markets sits at: 60.3% (+2.55%)

Logarithmic Growth Curve suggests bitcoin is currently: Undervalued!

Treasury Adoption Updates and News:

• MicroStrategy rebrands to Strategy and sees strong demand for “preferred stock” and plans to purchase an additional 5000+ bitcoins.

• The President of the European Central Bank, Christine Lagard, dismissed Bitcoin Reserves for the EU, triggering Binance Ex-CEO Changpeng Zhao's response, saying, “EU needs Bitcoin.”

• The States of Illinois and Indiana move to establish Bitcoin Strategic Reserves, as Texas Lieutenant Governor calls Bitcoin Reserve a “top priority” for 2025.

• In a District of Columbia court case, the DOJ argued that “money is not necessarily property” while attempting to confiscate $50,000 from a small landscaping business, sending the case to federal court. If your money is not yours, then whose money is it?

• Trump leaves many bitcoiners speculating as he signs an Executive Order to create Sovereign Wealth Fund.

• Trump’s Crypto Czar David Sacks said, “The feasibility of a strategic bitcoin reserve is being studied” during Banking Committee press conference, and later during an interview with CNBC, he said, “bitcoin is an excellent store of value.”

• Parents are increasingly considering Bitcoin rather than traditional 529 college savings plans.

• One of the largest Bitcoin ATM operators, Bitcoin Depot, acquire an additional 50 bitcoins, bringing their new total to 71 bitcoins.

Top News Stories

Other Noteworthy News

📈Trump’s trade war will send BTC price ‘violently higher’ — analyst

⚡Tether Integrates USDt With Bitcoin’s Lightning Network

💰Tether Reports $13B Profit and 83,758 BTC Holdings in 2024

🎙️U.S. Hosts First Official Press Conference on Bitcoin and Digital Assets

🏛️Ohio Senator Proposes Second Bitcoin Reserve Bill

🏦Illinois and Indiana Move to Strategic Bitcoin Reserves

📜Texas Lt. Governor announces ‘Bitcoin Reserve’ as priority bill for 2025

📊Tephra Digital has unveiled a graphic tracking U.S. states’ legislative efforts to establish Bitcoin strategic reserves.

Recommended Articles

Read Brady Tinnin’s article on securely buying bitcoin for your business, from custody and wallets to exchanges, strategy, and compliance.

Read Daniel Frank’s article on how businesses adopt bitcoin to protect against financial repression, with key choices between self-custody, multi-signature, or ETFs to balance security, risk, and accessibility.

Read Dan Pelberg’s on how Bitcoin’s transparency builds trust through real-time reporting, auditability, supply chain tracking, and regulatory compliance.

Recommended Podcasts

If you're interested in bitcoin regulation, corporate adoption, and top bitcoin equities, don’t miss this episode with Baris Serifsoy—author, former UBS Managing Director, and PhD in Finance. He breaks down the key differences between U.S. and London bitcoin allocation and shares where he sees the biggest opportunities.

Chart of the Week

This chart visually represents the progress of U.S. states in enacting bitcoin and digital asset legislation.

It tracks bitcoin-related legislation across U.S. states, displaying a chart with each bill’s title, status, and progress. Get the full overview here.