@ Felipe

## 🧠Quote(s) of the week: The path to maximalism is littered with mistakes and paved with humility.' Anilsaido  Bitcoin is time because money itself is time. Money is humanity’s battery: a way to store energy, labor, and resources for the future. It captures your past effort and preserves it for when you need it most. Fiat leaks. Bitcoin holds. ## 🧡Bitcoin news🧡 On the 18th of March: ➡️After ruling out a strategic bitcoin reserve, the Bank of Korea will launch a central bank digital currency pilot in April, per The Korea Times. ➡️'Metaplanet has acquired an additional 150 BTC for ~$12.5 million, achieving a BTC Yield of 60.8% YTD in 2025. As of 3/18/2025, Metaplanet hodls 3,200 BTC, and is now a top 10 publicly listed holder of Bitcoin globally.' -Dylan LeClair ➡️Bitcoin entered a risk-off, distribution-dominant phase in early 2025, evidenced by frequent selling and hesitation to buy (yellow to orange dots). - AMB Crypto ➡️Bitwise CIO says Bitcoin should be at $200,000 today and says, “I think the number of companies buying Bitcoin is going to triple this year, I think Game Theory is on.” “I think countries around the world are going to be buying Bitcoin. There is structurally more demand than supply in Bitcoin.” ➡️Bitcoin mining company Bitfarms buys Stronghold Digital for more than $110 million, making it the largest public-to-public acquisition in Bitcoin industry history. ➡️Bitcoin long-term HODLers become net buyers for the first time since September, per Compass Point Research. "Buying/selling from HODLers is typically a leading indicator for BTC. This cohort now owns 65% of BTC supply vs 63% last week vs 73% in early October." - Bitcoin News ➡️GlassNode: 'The Bitcoin market continues to adjust to its new price range after experiencing a -30% correction. Liquidity conditions are also contracting in both on-chain and futures markets.' ➡️Bitcoin now ranks 6th among the world's top monetary assets at $1.62 trillion, per Porkopolis. ➡️The EU isn't banning Bitcoin but using MiCA and other regulations to control it. This involves stripping away privacy through transaction tracking, mandatory disclosures, and restrictions on self-custody. The goal is control, not outright prohibition. Excellent thread by Eli. Eli summarises the EU’s attack on Bitcoin and on Europeans’ rights: https://x.com/i/web/status/1902048401908261146 Agree 100% with all of this. All these people who have been saying the EU pushing the industry forward with regulations are idiots. They are closing it off and pushing everyone to a CBDC. Regarding the CBCD, here you will find a comprehensive summary of EU’s CBDC plans, by Efrat Fenigson: ``` https://bitcoinmagazine.com/politics/ecb-prepping-the-ground-for-digital-euro-launch ``` *On the 20th of March, the ECB posted the following statement on Twitter: 'The digital euro is not just about creating a new form of money, says Chief Economist Philip R. Lane. It is about ensuring that Europe retains control over its monetary and financial destiny in the digital age against a backdrop of increasing geopolitical fragmentation.' “It’s about ensuring that the EU retains control over its citizens.” There, I fixed it for you if you missed the primary reason. The Euro is a permissioned, centralized, censorable, inflationary, debt-based currency controlled by unelected bureaucrats. Bitcoin is permissionless, decentralized, censorship-resistant, fixed in supply, and governed by code—not politicians. Choose wisely. ➡️As mentioned in last week's Weekly Recap the US Government spends $3.3B per day in interest rate expense. If this doesn’t make you buy Bitcoin I’m not sure what will.  ➡️In Kibera, Africa’s largest informal settlement, more than 40 merchants now accept and save in Bitcoin. ➡️The increase in 3-6 month-old UTXOs suggests accumulation during this market correction, a behavior historically critical in forming market bottoms and driving new price rallies. ➡️Just as Hal Finney predicted, Bitcoin will take over Wall Street: Multiple American Bitcoin companies are now seeking to become state or national banks, reports Reuters. It is inevitable. ➡️Daniel Batten: 2021: 62 US Environmental Organizations write to coCongressaying Bitcoin is bad for the environment and has no use (based on Central Bank misinformation) 2025: US Environmental Organizations debunked (impossible, had they used Bitcoin) Strange are the ways of karma. Meanwhile, ➡️President Trump's Executive Director, Bo Hines, on digital assets: "We talked about ways of acquiring more Bitcoin in budget-neutral ways." We want "as much as we can get." When Bitcoin is at $200k. We will look back on March 2025 and say, how was everyone not buying. It was so obvious. On the 19th of March: ➡️BLACKROCK: “The most sophisticated long-term Bitcoin accumulators are pretty excited about this dip. They see the correction as a buying opportunity." On the 20th of March: ➡️SEC confirms that Bitcoin and Proof of Work mining are NOT securities under US law.  Source: [https://t.co/0ExsJniPIf](https://t.co/0ExsJniPIf) ➡️Bitcoin exchange Kraken has agreed to acquire NinjaTrader, the leading U.S. retail futures trading platform, for $1.5 billion—the largest deal ever of a Bitcoin company buying a traditional financial company. ➡️TRUMP: “I signed an order creating the brand new Strategic Bitcoin Reserve and the US digital asset stockpile which will allow the Federal government to maximize the value of its holdings.” Tweet and hot take by Lola L33tz "With the dollar-backed stablecoins, you'll help expand the dominance of the US Dollar [...] It will be at the top, and that's where we want to keep it" 'What he means is: With dollar-backed stablecoins, the Global South will pivot towards digital Dollars over local currencies, allowing private, US government-controlled entities to replace bank accounts around the globe. This does not just allow for the expansion of USD dominance by bypassing local governments – it gives the US unprecedented and direct control over worldwide economies as every stablecoin can be effectively frozen on behalf of the US with the click of a button.' Stablecoins = CBDCs There is no technical fundamental difference between them. It’s almost a guarantee that the EU CBDCs and U.S. stablecoins will be interchangeable. ➡️River: Bitcoin is coming for $128 trillion in global money. You're not to late to Bitcoin.  On the 21st of March: ➡️Michael Saylor’s Strategy to raise $722.5M to buy more Bitcoin. ➡️Publicly traded Atai Life Sciences to buy $5 million in Bitcoin. ➡️Publicly traded HK Asia Holdings bought 10 Bitcoins worth $858,500 for its balance sheet. ➡️Another solo home miner has mined an entire Bitcoin block worth over $ 260.000,-. On the 22nd of March: ➡️The University of Wyoming posted a new video explaining Bitcoin with Philosophy Professor Bradley Rettler ➡️Spot Bitcoin ETFs bought 8,775 BTC this week while miners only mined 3,150 Bitcoin. On the 24th of March: ➡️Metaplanet finished the day as the 13th most liquid stock in Japan, with ¥50.4 billion ($336.6m) of daily trading volume, ahead of Toyota and Nintendo. ➡️River: There is a 275% gap between the inflation you're told and real inflation.  Bitcoin is insurance on the debt spiral. The U.S. Dollar has been devalued by more than 363% since 2000 – That’s a 14.5% devaluation per year. This means if your savings don’t grow by 14.5% annually, you’re falling behind. This is why we Bitcoin. Bitcoin is insurance on the debt spiral, grow your savings beyond the dollar’s devaluation! ➡️Bitcoin's compound annual growth rate (CAGR) over a 5-year rolling window is currently over 50% ➡️Strategy became the first publicly traded company to hold over 500,000 Bitcoin worth over $44 billion. Strategy has acquired 6,911 BTC for ~$584.1 million at ~$84,529 per Bitcoin and has achieved a BTC Yield of 7.7% YTD 2025. As of 3/23/2025, Strategy holds 506,137 BTC acquired for ~$33.7 billion at ~$66,608 per Bitcoin. ➡️CryptoQuant: Bitcoin's long-term holders are holding firm, with no significant selling pressure. ➡️Xapo Bank launches Bitcoin-backed USD loans up to $1M, with collateral secured in an MPC vault and no re-usage. ## ## 💸Traditional Finance / Macro: 👉🏽no news 🏦Banks:  👉🏽 no news ## 🌎Macro/Geopolitics: On the 18th of March: 👉🏽Germany just changed its constitution to unleash a staggering ONE TRILLION in new debt. The German parliament has voted to take on hundreds of billions of euros of new government debt, to ease the debt brake rules, and to codify "climate neutrality by 2045" into the constitution. On top of that, some extra money to Ukraine: Germany's next Chancellor, Friedrich Merz, believes that Putin has gone to war against all of Europe. He argues that Russia has attacked Germany, as the Parliament breaks out in applause. We continue to move further away from the "Europe is not part of the conflict" rhetoric. Germany’s self-inflicted delusion continues! 👉🏽Germany's first offshore wind farm closes after 15 years because it's too expensive to operate. Expect a car crash. The Alpha Ventus offshore wind farm near the German North Sea island of Borkum is set to be dismantled after being in operation for only 15 years. It has become too unprofitable to operate without massive subsidies. [https://wattsupwiththat.com/2025/03/16/germanys-first-offshore-wind-farm-to-be-dismantled-after-just-15-years-of-operation/](https://wattsupwiththat.com/2025/03/16/germanys-first-offshore-wind-farm-to-be-dismantled-after-just-15-years-of-operation/) Great thing that the Netherlands is investing heavily in offshore wind farms, even the biggest pension fund APB. Because nInE tImEs ChEaPeR tHaN gAs, right? I hope they dismantle them & not leave them to rust into the sea. Right? Because climate! Great response by Jasmine Birtles: "These vanity projects should never have been allowed to start. The phrase 'cheap renewable energy' is simply a falsehood. This kind of energy production only seems cheap because of the huge government subsidies that keep them going. I'm all for clean energy if it's possible to run it honestly and without huge subsidies, but while it doesn't seem to be viable we should stick with what is affordable and will keep the country going, rather than sacrificing the vulnerable to an impossible ideology." 👉🏽'Gold spot is now trading consistently over $3000, a record high. And with deliveries once again picking up at the Comex and war in the Middle East coming back with a vengeance, the next big spike is just a matter of time. As expected, once gold broke out above $3000,- it has gone vertical and is up 1% in the past hours, rising to a new record high of $3034, as it sets off for $4000' - ZeroHedge 👉🏽'We have just witnessed the biggest drop in US equity allocation on record. The collapse of US consumers: Unemployment expectations in the US are now ABOVE 2020 levels and at their highest since 2008. In 2024, a poll showed that a whopping 56% of Americans thought the US was in a recession.' - TKL  👉🏽OECD Projects Argentina to Have the Second Highest Economic Growth Worldwide in 2025 👉🏽A new blow to the Dutch chemical sector. The major producer LyondellBasell is permanently closing its factory at the Maasvlakte. This decision, announced on Tuesday afternoon, will result in the loss of approximately 160 jobs. The closure is a direct consequence of global overcapacity and high energy costs in the Netherlands. An audit by the German firm E-Bridge, commissioned by the Dutch government, previously revealed that electricity costs for these companies in the Netherlands amount to €95 per megawatt-hour. In comparison, this rate is €32 in France (66% lower), €45.60 in Germany (52% lower), and €56.05 per megawatt-hour in Belgium (41% lower). According to E-Bridge, this difference is mainly due to the compensation that foreign governments provide to companies and the lower grid tariffs. In the Netherlands, costs have risen primarily to finance investments in the electricity grid, such as connecting multiple offshore wind farms. Now read that segment on offshore wind farms. Mindblowing, innit? Subsidies are not the solution—deregulation is. But Brussels won’t allow that. So, we’re heading toward even more regulation and nationalization. On the 19th of March: 👉🏽The Fed makes multiple revisions to its 2025 economic data projections. Powell finally found the "stag" and the "inflation": Fed cuts year-end GDP forecast from 2.1% to 1.7% Fed raises year-end core PCE forecast from 2.5% to 2.8% Fed raises year-end unemployment forecast from 4.3% to 4.4% Fed raises PCE inflation forecast from 2.5% to 2.7% The Fed sees higher inflation and a weaker economy. On the 20th of March: Dutch Central Bank Director Klaas Knot "We are worried about American influence on our local payment infrastructure." Paving the way for the European CBDC (after slowly but surely removing CASH MONEY from society). Knot has completed his second term and will leave his office in July. Now, of course, pushing for the CBDC, before looking for a new job in Europe. Anyway, DNB posts billions in losses. De Nederlandsche Bank suffered a loss of over €3 billion last year, according to the annual report published on Thursday. This marks the second consecutive year of losses. DNB incurs this loss because, as part of its monetary policy, it has lent out billions at relatively low rates while having to pay a higher rate to banks that park their money at the central bank. But no losses on its gold. The gold reserves, meanwhile, increased in value by €12.6 billion. This amount is not included in the official profit and loss statement but is reflected on the bank's balance sheet. For the Dutch readers/followers: Great article: Follow the Money 'Voor de megawinsten van ING, ABN Amro en Rabobank betaalt de Nederlandse burger een hoge prijs.' ``` https://archive.ph/ncvtk ``` On the 21st of March: 👉🏽'The Philadelphia Fed Manufacturing index dropped 5.6 points in March, to 12.5, its 2nd consecutive monthly decline. 6-month outlook for new orders fell by 30.8 points, to 2.3, the lowest in 3 years. This marks the third-largest drop in history, only behind the 2008 Financial Crisis and December 1973. Furthermore, 6-month business outlook dropped ~40 points to its lowest since January 2024. All while prices paid rose 7.8 points, to 48.3, the highest since July 2022. This is further evidence of weakening economic activity with rising prices.' TKL 👉🏽'China’s central bank gold reserves hit a record 73.6 million fine troy ounces in February. China bought ~160,000 ounces of gold last month, posting their 4th consecutive monthly purchase. Over the last 2.5 years, China’s gold reserves have jumped by 11.0 million ounces of gold. Gold now reflects a record ~5.9% of China’s total foreign exchange reserves, or 2,290 tonnes. Central banks continue to stock up on gold as if we are in a crisis.' -TKL ## 🎁If you have made it this far I would like to give you a little gift: What Bitcoin Did: BITCOIN & THE END OF THE DOLLAR SYSTEM with Luke Gromen They discuss: - The Sovereign Debt Crisis - If the US Will Reprice the Gold - If we will See Triple Digit Inflation - The End of The US Dollar System Luke Gromen: A modest clarification: The end of the post-71 structure of the USD system is what the Trump Administration’s actions appear to be pursuing & will in due time achieve if they stay on the present course. https://www.youtube.com/watch?v=0W2jEedynbc Credit: I have used multiple sources! My savings account: Bitcoin The tool I recommend for setting up a Bitcoin savings plan: PocketBitcoin especially suited for beginners or people who want to invest in Bitcoin with an automated investment plan once a week or monthly. `Use the code SE3997` Get your Bitcoin out of exchanges. Save them on a hardware wallet, run your own node...be your own bank. Not your keys, not your coins. It's that simple. ⠀⠀ ⠀⠀ ⠀ ⠀⠀⠀ Do you think this post is helpful to you? If so, please share it and support my work with a zap. ▃▃▃▃▃▃▃▃▃▃▃▃▃▃▃▃▃▃ ⭐ Many thanks⭐ Felipe - Bitcoin Friday! ▃▃▃▃▃▃▃▃▃▃▃▃▃▃▃▃▃▃