Key Insight

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

Are there no sensible reasons to audit the U.S. gold reserves, untouched by a full audit for decades? Even if the reported gold is still there, and the bars aren’t gold-plated tungsten, wouldn’t verifying their authenticity and quantity be prudent?

Now, imagine the majority waking up to bitcoin—an asset audited and secured every 10 minutes, open for anyone to verify, anytime. Gold’s had over 3,000 years to anchor a fair, thriving society for all, yet here we are. With bitcoin’s clear advantages—transparency, immutability, accessibility—maybe it’s time to hand over the reins.

The stories we’re sharing in this week's edition of the newsletter suggest bitcoin adoption is accelerating rapidly. Let’s dive in.

Satoshi's Per US Dollar: 1031

Stock-to-flow price of bitcoin: $454,969

Bitcoin's total market capitalization: $1.92T

Bitcoin's dominance in the overall cryptocurrency markets sits at: 60.1%

Logarithmic Growth Curve suggests bitcoin is currently: Undervalued!

Treasury Adoption Updates and News:

• Goldman Sachs doubles down on Bitcoin ETFs, increasing holdings by 120% in Q4

• GameStop, with a $4.6B cash reserve, is considering bitcoin investment

• Abu Dhabi’s sovereign wealth fund discloses $436 million in iShares Bitcoin ETF

• A Forbes article written by Eden Yago says “Unlike central bank-issued currencies, bitcoin’s fixed supply enforces market discipline, as in the case of a bank run, nobody can create more coins to bail them out.”

• Eric Semler, Head of Semler Scientific (a company we’ve mentioned earlier due to their adoption of a Bitcoin Reserve Strategy), is advising Eric Yuan, Zoom’s creator, and CEO, to invest some of their $7.7 billion cash reserves into bitcoin

• Recent events in the gold market might  trigger a mass exodus to bitcoin, says Jeff Parker, Head of Alpha Strategies at Bitwise Asset Management 

• Bitwise CEO Hunter Horsely “sees unstoppable mainstream growth in bitcoin adoption”

• Metaplanet acquires additional 269 bitcoins

• A new report by the Perryman Group highlights that the U.S. bitcoin mining industry supports 31,000 jobs

• Utah advances bitcoin reserve bill

• Strategy to raise an additional $2 billion through convertible notes to buy more bitcoin

• Fold is set to go public on the Nasdaq (February 19 2025) as the first bitcoin-only financial services company

Top News Stories

Other Noteworthy News

💼Tether Pushes Back Against JPMorgan Analysts’ Bitcoin Sale Claims

💳Fold to Make History as First Bitcoin Financial Services Firm on Nasdaq

📊12 US States Hold $330M in Strategy Stock, Analyst Finds

🏦Abu Dhabi Invests $437M in BlackRock's Bitcoin ETF

🔹Metaplanet Acquires 269 BTC, Sets 35% Quarterly Yield Target

🔶Elon Musk's DOGE prepares to audit US gold reserves at Fort Knox after urging by Sen. Rand Paul

💰Paul Tudor Jones’ firm, Tudor Investment, discloses owning $426.9M in IBIT (8,048,552 shares), nearly doubling its Q3 holdings.

Recommended Articles

This article by Adrian Christiansen highlights how bitcoin has consistently outperformed all major asset classes, making it the ultimate benchmark for value, where holding bitcoin is often a better long-term strategy than taking on additional financial risks.

Brady Tinnin's article explains how bitcoin differs fundamentally from other cryptocurrencies. While bitcoin offers true scarcity and a trustless monetary system, other crypto projects rely on trust and struggle to maintain their value over time. This makes bitcoin uniquely viable for businesses seeking financial stability.

Recommended Podcasts

Chart of the Week

Since our last newsletter, 15 additional states have introduced bitcoin and digital asset legislation, as shown in this chart. The visualization tracks legislative activity across the U.S., highlighting which states are taking active steps toward bitcoin-related policies.