Bitcoin News and Research

As the digital asset market matures, it's time for founders and investors to move beyond the concept of a four-year cycle.

Many people believe that the recent steady decline in CPI only means one thing: Powell is ready to ease monetary policy again, like in March 2020. Assuming the market thinks this is the most likely path forward, how can we expect Bitcoin to react?

Strategy founder Michael Saylor recently appeared on Bitcoin educator Natalie Brunell's YouTube podcast, discussing topics including why Bitcoin has not reached new highs; whether price suppression really exists; quantum computing; and Strategy's cost basis.

Bitcoin is not regarded as a safe-haven asset by the market; "digital gold" is more of a narrative than a validated asset characteristic.

The warming expectations of the Federal Reserve's easing, core institutions continuing to accumulate during the pullback, and on-chain valuations entering historical value ranges are jointly driving the repricing of funds.

The "financialists" are not opposing Bitcoin because it poses a threat; they are fighting to get a share of it because they realize that Bitcoin is the cornerstone of the next system.

In the past five years, Malaysia has cracked down on approximately 14,000 illegal cryptocurrency mining operations, with state-owned power companies losing over $1.1 billion. The local government will establish a special committee in November 2025 to consider a complete ban on mining.

It is expected that the L1 sector will continue to lose market share in the future, further squeezed by BTC.

The current Bitcoin market structure is highly similar to Q1 2022, with over 25% of the on-chain supply in loss, ETF fund flows and spot momentum weakening, and prices relying on key cost basis areas.

Choosing to deploy the $1.4 billion reserve may be a concession to the strategy of not selling Bitcoin, but in the face of reality, Strategy has also simultaneously lowered its full-year financial forecasts and key performance indicators.