🌙 Evening Bitcoin Brief: Bitcoin Nations, Billion-Dollar Treasuries & $700K Predictions: The Perfect Storm
From space payments to Strategic Reserves, the world is quietly hardwiring itself to Bitcoin
Got it 👍 — here’s your Evening Brief reformatted in full Substack narrative style (flowing commentary instead of bullet-heavy).
🌙 Evening Bitcoin Brief
Bitcoin is holding its ground tonight, but the market remains caught between macro jitters and bullish long-term conviction. The day’s price action showed just how sensitive BTC is to economic data and shifting sentiment. Softer U.S. PPI numbers gave Bitcoin a brief lift over $114K, fueling optimism for Fed rate cuts. But a shocking U.S. jobs revision rattled markets, leaving traders hesitant and trimming risk.
🗣️ Quote of the Day
“Every major bank, corporation, and nation-state will settle in Bitcoin.” – Michael Saylor
Technically, the charts tell two stories: a bullish head-and-shoulders pattern suggests momentum could carry BTC toward $120K, while historical models warn a dip toward $104K may be needed to mirror past cycle shakeouts. Adding complexity, new forecasts argue the current cycle is getting longer, with $124K not the top but simply a milestonealong the way. And with Bitcoin’s tight correlation to tech stocks, any stumble in equities could drag BTC lower in the short run.
But beyond the near-term noise, the adoption headlines are historic. A Lightning payment was successfully sent via satellite in outer space, proving Bitcoin is not just global—it’s literally interplanetary. Meanwhile, Kyrgyzstan became the latest nation to approve a Strategic Bitcoin Reserve, while in Washington the U.S. Treasury has been ordered to study the same. White House adviser Patrick Witt even called it a “top priority.”
On the corporate side, the flows are staggering. Japan’s Metaplanet just upsized its raise to $1.4B for more Bitcoin buys. Asset Entities and Vivek Ramaswamy’s Strive cleared their merger, creating a $1.5B Bitcoin Treasury. And SharpLink announced a massive $1.5B stock buyback linked to its Ethereum holdings. Bitcoin and crypto are being hardwired into corporate balance sheets.
Wall Street’s role in this evolution is expanding fast. BlackRock will launch its UK Bitcoin ETF in October, while Cboeis preparing both 10-year BTC & ETH futures and continuous contracts that start November 10. CoinShares’ Bitcoin Mining ETF just hit a record high, riding the AI boom, and Bitwise CIO Matt Hougan says we may be entering “Solana season” as ETF approvals spill into altcoins. Even Dogecoin made noise today, spiking to $0.23 before hitting resistance.
Politically, the winds are blowing bullish. Former SEC Chairman Paul Atkins declared that “Crypto’s time has come.”Banking regulator Jonathan Gould confirmed that “crypto debanking is real,” highlighting pressure on traditional institutions. And Fidelity went big with a bold projection: one Bitcoin could be worth $1 billion by 2038.
The loudest voices, however, remain Michael Saylor and Larry Fink. Saylor doubled down, insisting that “all the capital in the world will flow into Bitcoin” and predicting a $10–$20T industry by 2028, with every bank, corporation, and nation settling in BTC. Fink echoed that conviction, saying no one should be surprised if Bitcoin hits $700K.
Of course, risks remain. Germany failed to seize a $5.6B BTC stash linked to piracy, while Ledger’s CTO warned of wallet exploits that can swap addresses to steal funds. Even in a bull market, self-custody security remains mission critical.
The takeaway tonight: Bitcoin may wobble short-term, but the long game is clear. Nation-states are stacking. Corporates are buying billions. ETFs are scaling access. And the world’s most powerful investors are openly calling for exponential adoption.
The only real question left is: will you be positioned before the next supply squeeze hits?
❓ Question of the Day
If governments, corporations, and Wall Street are all racing to secure Bitcoin reserves, what’s your strategy for the next supply squeeze?
WHAT TO WATCH
LISTEN TO THIS!