Month: January 2025

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Last night, President-elect Donald Trump’s son, Eric Trump, posted a photo of himself at Mar-a-Lago with MicroStrategy Executive Chairman Michael Saylor with the caption, “Two friends, one passion: Bitcoin.”

This is so unbelievably bullish — let me explain.

For the last four years, under the Biden-Harris administration with total Democrat control, the U.S. government did their best to terrorize this industry and attack us. The overwhelming majority of the Democrat party did not support Bitcoin and followed Elizabeth Warren’s lead on demonizing the industry and its participants. They weaponized the justice system to arrest Bitcoiners, tried to tax our unrealized gains, stopped pro-Bitcoin legislation from being signed into law, de-banked industry participants via Operation Chokepoint 2.0, refused to support Bitcoin in any meaningful way, and so much more.

They were truly anti-Bitcoin. If Kamala Harris had won the presidential election, their reign of terror on Bitcoin would have continued for at least four more years. But now, the Democrats’ war on Bitcoin in America is finally coming to an end. And a new administration is coming in — and they love Bitcoin.

Donald Trump is not even officially in office yet, and his family is already inviting Michael Saylor to his estate in Mar-a-Lago to discuss Bitcoin further. This isn’t the first time he’s done something like this either, like in 2024 when Trump invited American Bitcoin mining giants there to learn more about the industry and what he needs to do to best support them.

It is important to note that just two weeks ago, Saylor said on Bloomberg that he would be open to advising Donald Trump on Bitcoin. And now with him being at Mar-a-Lago, I think it is safe to speculate that something big might be brewing here.

The Trumps understand Bitcoin and continue to show their support for the asset and industry. Eric Trump recently gave a great speech at the Bitcoin MENA Conference in Abu Dhabi, explaining the characteristics that make Bitcoin an invaluable asset while also sharing his family’s personal experience being de-banked, and how Bitcoin protects individuals from being cancelled. Donald Trump Jr. made an appearance at the Bitcoin 2024 Conference in, along with his father, and showed lots of support for this asset and industry.

Donald Trump has committed to releasing Bitcoiners (Ross Ulbricht) from prison, sign pro-Bitcoin legislation into law, work with the industry to help us thrive, end Operation Chokepoint 2.0, appointed an official Crypto Czar, said “Bitcoin and crypto will skyrocket like never before” under his administration, and so much more.

Even if you’re not a fan of Trump, you have to acknowledge and give him and his family credit for the good work they’re doing to make a regulatory friendly environment for this industry to thrive in. Imagine all this industry can accomplish over the next four years being supported by the President, allowing us the room to innovate and build without fear of being harassed and demonized by our own government. I would say the sky is the limit but it’s even better than that.

Four years is a long time, especially in this industry. Lots can happen during that time and I am incredibly bullish on the future of Bitcoin in America under this incoming Trump administration.

Michael Saylor: “Bitcoin is on the menu at Mar-a-Lago.”

AMERICA IS EMBRACING #BITCOIN LIKE NEVER BEFORE 🇺🇸 pic.twitter.com/7c2NJG7Kzd

— Nikolaus Hoffman (@NikolausHoff) January 3, 2025

This article is a Take. Opinions expressed are entirely the author’s and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.

Bitcoin, you are 16 years old now, well into your teenage years. These are usually the years during which, for many people without even being aware of it consciously, one usually makes the decisions that shape the course of the rest of their life. It’s incredibly rare that someone gets a “redo” to wind back choices that lock them into a certain path in life.

I fear you, or rather Bitcoiners, are in the process of making one of those monumental mistakes that will have severe consequences for the rest of its existence.

We are seeing unprecedented growth at this time. The price is near all time highs, finally breaking 100k, major nations are debating the prospect of creating strategic reserves of bitcoin, we are hitting escape velocity. In the wake of that people have become totally dependent on the narrative that we already won.

They can’t get to sleep at night without telling themselves “we have already won.”

Meanwhile Bitcoin is totally unscalable. If the world realizes tomorrow they need bitcoin, everyone will be stuck custodying their coins with Coinbase or JP Morgan, because the system does not scale enough for everyone to hold their own coins. All of those people will be surveiled, will have no freedom, their coins can be arbitrarily seized at any moment by government order. They won’t be able to start a business or build anything innovative, they won’t be able to spend their money how they wish, without government permission.

“Oh well sovereignty isn’t for everyone, it’s a responsibility. They wouldn’t have wanted it anyway.” Those few “elites” won’t have a much better situation either. They might not be able to seize a self custodial user’s coins as easily as a custodial user’s, but they don’t have to. They can just seize you. They can track you, surveil you everywhere, and when they get an inkling of you trying to do something of which they disapprove, off to jail you go. That will hang over the head of anyone trying to innovate or build in a way that is not government approved.

Stablecoins are even actively facilitating new roads of demand for US Treasuries as our enemies have begun scaling back their purchasing of them. The things Bitcoin has birthed in this ecosystem, out of necessity to help the market for bitcoin itself to survive I might add, are actively helping maintain the dollar. They are doing the opposite of the long held promise of unseating the dollar.

That’s the path that we are on. One where Bitcoin enables government surveillance and controls. Where it actually helps those things. Why are we on that path? Bitcoin doesn’t scale far enough, and there are no incentive compatible and sustainable tools for privacy (i.e. that are simple enough and not cost prohibitive to disincentivize people not actively seeking it for privacy’s sake).

Right now the path we are on is people willing to just roll over, give up on any future of Bitcoin creating formative change, and do what the government wants will get rich. Beyond that, nothing much will fundamentally change as far as people’s financial lives and their relationship with the government. We need to acknowledge these problems, and actually support solutions to lessen their severity, not simply chant ourselves to sleep with “Bitcoin has already won.”

Bitcoin has the potential to bring about so much positive change in the world, but it won’t if we just get overconfident, cocky, and apathetic about solving problems we would rather pretend don’t exist. Listening exclusively to the arrogance of youth very rarely goes well for the relevant party.

Bitcoin is too important to mess up making the same kinds of impetuous mistakes teenagers do. So don’t. 

This article is a Take. Opinions expressed are entirely the author’s and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.

As we step into 2025, it’s time to take a measured and analytical approach to what the year might hold for Bitcoin. Taking into account on-chain, market cycle, macroeconomic data, and more for confluence, we can go beyond pure speculation to paint a data-driven picture for the coming months.

MVRV Z-Score: Plenty of Upside Potential

The MVRV Z-Score measures the ratio between Bitcoin’s realized price (the average acquisition price of all BTC on the network) and its market cap. Standardizing this ratio for volatility gives us the Z-Score, which historically provides a clear picture of market cycles.

Figure 1: MVRV-Z Score shows we’re still a long way from a market cycle peak.

View Live Chart 🔍

Currently, the MVRV Z-Score suggests we still have significant upside potential. While previous cycles have seen the Z-Score reach values above 7, I believe anything above 6 indicates overextension, prompting a closer look at other metrics to identify a market peak. Presently, we’re hovering at levels comparable to May 2017—when Bitcoin was valued at only a few thousand dollars. Given the historical context, there’s room for multiple hundreds of percent in potential gains from current levels.

The Pi Cycle Oscillator: Bullish Momentum Resumes

Another essential metric is the Pi Cycle Top and Bottom indicator, which tracks the 111-day and 350-day moving averages (the latter multiplied by 2). Historically, when these averages cross, it often signals a Bitcoin price peak within days.

Figure 2: Macro trend remains bullish.

View Live Chart 🔍

The distance between these two moving averages has started to trend upward again, suggesting renewed bullish momentum. While 2024 saw periods of sideways consolidation, the breakout we’re seeing now indicates that Bitcoin is entering a stronger growth phase, potentially lasting several months.

The Exponential Phase of the Cycle

Looking at Bitcoin’s historical price action, cycles often feature a “post-halving cooldown” lasting 6–12 months before entering an exponential growth phase. Based on previous cycles, we’re nearing this breakout point. While diminishing returns are expected compared to earlier cycles, we could still see substantial gains.

Figure 3: We’re approaching the most bullish stage of the cycle when compared to previous bull runs.

View Live Chart 🔍

For context, breaking the previous all-time high of $20,000 in the 2020 cycle led to a peak near $70,000—a 3.5x increase. If we see even a conservative 2x or 3x from the last peak of $70,000, Bitcoin could realistically reach $140,000–$210,000 in this cycle.

Macro Factors Supporting BTC in 2025

Despite headwinds in 2024, Bitcoin performed strongly, even in the face of a strengthening U.S. Dollar Index (DXY). Historically, Bitcoin and the DXY move inversely, so any reversal in the DXY’s strength could further fuel Bitcoin’s upside.

Figure 4: BTC has rallied even as the DXY has increased substantially.

View Live Chart 🔍

Other macroeconomic indicators, such as high-yield credit cycles and the global M2 money supply, suggest improving conditions for Bitcoin. The contraction in the money supply seen in 2024 is expected to reverse in 2025, setting the stage for an even more favorable environment.

Cycle Master Chart: A Long Way to Go

The Bitcoin Cycle Master Chart, which aggregates multiple on-chain valuation metrics, shows that Bitcoin still has considerable room to grow before reaching overvaluation. The upper boundary, currently around $190,000, continues to rise, reinforcing the outlook for sustained upward momentum.

Figure 5: Cycle Master ‘Over Valued’ level has surpassed $190,000.

View Live Chart 🔍

Conclusion

Currently, almost all data points are aligned for a bullish 2025. As always, past performance doesn’t guarantee future results, however the data strongly suggests that Bitcoin’s best days may still lie ahead, even after an incredibly positive 2024.

For a more in-depth look into this topic, check out a recent YouTube video here: Bitcoin 2025 – A Data Driven Outlook

For more detailed Bitcoin analysis and to access advanced features like live charts, personalized indicator alerts, and in-depth industry reports, check out Bitcoin Magazine Pro.

Disclaimer: This article is for informational purposes only and should not be considered financial advice. Always do your own research before making any investment decisions.

Let me be honest—becoming a wholecoiner is one of the smartest moves you can make, but it’s also becoming ridiculously hard. I remember when I first got into bitcoin back in 2016. The price was around $400-$500, and owning one full bitcoin felt totally doable.

Now? It’s a completely different story.

Bitcoin is sitting near $100,000, and owning even half a bitcoin feels out of reach for most people. Let’s put this into perspective: the average savings for someone under 35 in the U.S. is just $20,540. That’s not even 25% of what it costs to buy 1 BTC today. Most of these millennials and zoomers can only dream of ever owning a whole bitcoin—it’s just not realistic for the average person anymore.

And here’s the part that really blows my mind: there are only about 1 million bitcoin addresses that hold more than 1 BTC. Even if we assume every single one of those addresses belongs to a different person (which isn’t true), that’s just 0.0125% of the global population. Think about it—being a wholecoiner already puts you in one of the most exclusive clubs in the world.

Now, let’s compare that to fiat millionaires. There are about 58 million millionaires worldwide. And here’s the kicker: there are only 21 million bitcoin in total. Even if every single millionaire on the planet wanted to own one bitcoin, they couldn’t. There’s just not enough bitcoin to go around. That’s why being a wholecoiner is better than being a fiat millionaire. Fiat is infinite—anyone can become a millionaire in a system where money is endlessly printed. But bitcoin? It’s hard-capped. Scarce.

If you’re a millionaire and you don’t own at least 1 bitcoin yet, wake up. The race is on, and most millionaires are going to miss out. And if you’re already a wholecoiner? Congratulations. You’re part of the 0.0125% who will ever own this much bitcoin.

It might not feel like a big deal now, but in 20 or 30 years, you’ll look back and realize how rare and special it is. As Tuur Demeester said: “These are the last months that 1 BTC is accessible to the upper middle class.” That quote stuck with me because it’s true. The window is closing.

If you’re in the race, don’t stop. And if you’re on the sidelines, it’s time to get moving—because bitcoin’s scarcity is going to leave a lot of people behind.

This article is a Take. Opinions expressed are entirely the author’s and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.