February — Week #2

By BLOCKTALK in Bitcoin — Feb 13, 2025

🤑 Markets

Standard Chartered and Bitwise Predict $200,000 by Year-End: Bitcoin's price is being projected to potentially reach $200,000 by the end of the year, according to analyses from Standard Chartered and Bitwise. This forecast is based on market trends and adoption metrics that indicate strong future demand for Bitcoin.
U.S. Bitcoin ETF Sees Third Straight Day of Outflows: A U.S. Bitcoin ETF experienced its third consecutive day of outflows, totaling $494 million, as Bitcoin's price showed little movement. This trend may indicate investor sentiment shifting away from Bitcoin amid stagnant market conditions.
Bitcoin Fear & Greed Index Nears Historic Low: The Bitcoin Fear and Greed Index has reached a historic low, indicating extreme fear among investors. This sentiment often suggests potential buying opportunities, as market trends can shift when fear is high.
Metaplanet Issues ¥4 Billion Zero-Interest Bond for Bitcoin: MetaPlanet has announced a £4 billion bond issue aimed at expanding its Bitcoin treasury. This initiative reflects the company's strategic efforts to increase its Bitcoin holdings.
Bitcoin Permanent Holders Continue Accumulating: Bitcoin's permanent holders are increasingly accumulating the asset, indicating confidence in its long-term value. This trend reflects a shift towards more stable ownership amidst market volatility.

🧑‍⚖️ Policy & Regulation

US Bitcoin Reserve Could Trigger $23B Purchase: The U.S. government holds a significant amount of Bitcoin, which could lead to a large purchase transaction worth approximately $23 billion. This potential sale could impact the market dynamics and price of Bitcoin significantly.
Alabama Man Pleads Guilty in Bitcoin Hack: An Alabama man plans to plead guilty to charges related to the hacking of an SEC account that involved Bitcoin. The case highlights ongoing security concerns within cryptocurrency platforms and the legal repercussions of cybercrime in the crypto space.
States Propose Bitcoin Reserves Across America: Several U.S. states are exploring proposals to hold Bitcoin as part of their reserves, reflecting growing institutional interest in the cryptocurrency. These initiatives aim to leverage Bitcoin's potential as a store of value amidst economic uncertainty.
Japan's FSA Considers Bitcoin ETFs and Tax Cuts: Japan's Financial Services Agency (FSA) is considering tax cuts for Bitcoin exchange-traded funds (ETFs) to enhance market participation. This move aims to promote investment in cryptocurrencies while aligning regulatory frameworks with global trends.

⚙️ Technology

Galoy Launches Bitcoin-Backed Loan Software: Galoy has launched Bitcoin-backed loan software aimed at facilitating open-source banking solutions. This development allows users to leverage Bitcoin as collateral for loans, enhancing the utility of Bitcoin in financial services.
Gumi Acquires ¥1 Billion in Bitcoin: Japan's game company Gumi plans to acquire £1 billion in Bitcoin and engage in Bitcoin staking. This move reflects a growing trend of institutional investment in Bitcoin and the cryptocurrency's potential for generating returns.
Fold Launches Bitcoin Rewards Credit Card: Fold has launched a Bitcoin rewards credit card that allows users to earn Bitcoin on their purchases. The card aims to enhance the adoption of Bitcoin by integrating it into everyday spending.
Tesla Reports $600 Million Bitcoin Gain: Tesla reported a $600 million gain from its Bitcoin holdings under new accounting rules. The company's investment in Bitcoin totals approximately $1 billion.
Bitcoin Tech Carnival Debuts in Hong Kong: The Bitcoin Tech Carnival is set to host its inaugural event, the world's first Bitcoin innovation festival, in Hong Kong. The festival aims to showcase advancements in Bitcoin technology and foster a community around its innovation.

🌈 Adoption

20 US State Bills Drive $23B in BTC Demand: Several U.S. states are introducing bills to create Bitcoin reserves, potentially injecting $23 billion in demand for Bitcoin. This legislative push reflects growing institutional interest and acceptance of Bitcoin as a reserve asset.
Strategy Purchases $742 Million in Bitcoin: MicroStrategy purchased $742 million in Bitcoin, continuing its strategy of accumulating the cryptocurrency as a primary reserve asset. This move reinforces the company's commitment to Bitcoin, bringing its total holdings to over 150,000 BTC.
Metaplanet Secures MSCI Japan Listing with 1,762 BTC: Metaplanet has secured a listing on the MSCI Japan index, supported by its holdings of 1,762 Bitcoin. This development reflects increasing institutional interest in cryptocurrency as a viable asset.
University of Austin Launches $5M Bitcoin Fund: The University of Austin's endowment has established a Bitcoin fund to diversify its investment strategy. This move reflects a growing interest among educational institutions in incorporating cryptocurrencies into their financial portfolios.

📅 Bitcoin Events Coming Up

March Bitcoin Jawn

🗓️ When: March 3, 2025
📍 Where: Grand Palace Restaurant, Philadelphia, PA
This meetup is part of the Bitcoin Jawn series, which is strictly focused on Bitcoin. The event will begin with a social hour from 5:30pm to 6:30pm, followed by a rundown of current news and topics related to Bitcoin from 6:30pm to 7:30pm. The main speaker, Will Reeves of Fold, will present from 7:30pm to 8:30pm. The meetup emphasizes a singular focus on Bitcoin, excluding discussions on crypto tokens, stocks, blockchains, altcoins, and other related topics.

Bitcoin Alive

🗓️ When: March 8, 2025
📍 Where: Sydney, Australia
Bitcoin Alive is an event dedicated exclusively to Bitcoin, now in its third year. It unites Australia’s Bitcoin community for a day filled with top-notch content, showcasing the brightest minds in the Bitcoin space, both locally and globally. The event caters to both newcomers and seasoned enthusiasts, offering an opportunity to focus on what truly matters in the Bitcoin ecosystem.

🤔🤔 Wanna learn more? Check out the BLOCKTALK!