Bitcoin Basics

Date: August 29, 2025 Edition: Week of August 22-28, 2025

Hey there, welcome to your custom weekly newsletter zeroing in on the biggest Bitcoin and adoption stories from the past seven days. I’ve scoured the web to bring you the top highlights, keeping things concise with a quick summary and one key takeaway per story. Let’s dive into what moved the needle for Bitcoin this week.

1. Bitwise Forecasts Bitcoin Hitting $1.3M by 2035 Crypto asset manager Bitwise released a report projecting massive growth for Bitcoin, citing institutional adoption, its role as an inflation hedge, and fixed supply as key drivers. Key Takeaway: This bold prediction underscores how maturing market dynamics could supercharge Bitcoin’s value over the next decade.
2. Eric Trump Bullish on Bitcoin, Eyes $175K This Year Eric Trump declared himself a “Bitcoin maxi” and predicted BTC could reach $175K in 2025, amid reports of his visits to Metaplanet in Japan and potential new ventures. Key Takeaway: High-profile endorsements from figures like Trump are accelerating Bitcoin’s mainstream legitimacy and institutional interest.
3. Metaplanet and MicroStrategy Ramp Up Bitcoin Treasuries Companies like Metaplanet (now holding 18,991 BTC) and MicroStrategy (628,791 BTC) continued aggressive accumulation, using innovative financing like BTC-backed equity to build reserves. Key Takeaway: Corporate adoption of Bitcoin as a strategic asset is reshaping balance sheets and proving its viability beyond speculation.
4. Texas Establishes First U.S. State Bitcoin Reserve Texas became the first U.S. state to create an official Bitcoin reserve under SB21, signaling growing governmental confidence in BTC amid broader institutional trends. Key Takeaway: State-level adoption like this could pave the way for wider public sector integration, boosting Bitcoin’s role in economic policy.
5. Over 110 Crypto Groups Urge Senate to Protect Developers A coalition of investors and developers sent a letter to the U.S. Senate Banking Committee, warning that failing to shield open-source crypto devs could hinder innovation and adoption. Key Takeaway: Regulatory clarity is crucial for sustaining Bitcoin’s technological ecosystem and preventing talent exodus.
6. BlackRock’s Bitcoin ETF Surpasses 662,500 BTC Holdings BlackRock’s iShares Bitcoin Trust hit over 662,500 BTC, reflecting surging institutional inflows and positioning Bitcoin as “digital gold” in traditional finance. Key Takeaway: ETF approvals are funneling trillions in potential capital, solidifying Bitcoin’s institutional footprint.
7. Block Inc. Partners on New Bitcoin Mining Rig Jack Dorsey’s Block teamed up with Core Scientific to launch the Proto Rig, a modular mining system aimed at reducing costs and challenging market monopolies. Key Takeaway: Innovations in mining infrastructure are lowering barriers, enhancing network security, and supporting broader adoption.