Bitcoin Brings the Energy

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1. 💸 Meta Shareholders Overwhelmingly Shoot Down BTC Treasury Proposal. Fewer than 1% of Meta shareholders backed a proposal for the tech giant to pursue a bitcoin treasury strategy.
2. 💵 Circle Seeking $7.2B Valuation in IPO. The stablecoin issuer is upgrading its ambitions for its public offering as it hopes to raise nearly $900 million.
3. 🪐 Metaplanet Nears $1B in BTC Holdings with Latest Buy. The Japanese company now holds 8,888 BTC in its corporate treasury.

	Crypto $3.31T	↗ 0.4%	↘ 3.8%
	BTC $105,704	↗ 0.2%	↘ 3.2%
	ETH $2,582	↗ 1.9%	↗ 0.9%

Last week’s Bitcoin 2025 Conference in Las Vegas brought the euphoria of all-time highs and showcased the energy of the community which has amassed considerable cultural, political, and financial support over the past several months.

As @BitcoinPierre put it:

And that energy was reflected on stage, onchain, and on the charts. Here were some of the biggest takeaways from the conference. 👇

🏛️ Bitcoin Goes to Washington

This year likely saw the most robust presence of high-profile elected political leaders ever. Bitcoin isn’t just a cultural phenomenon or macro hedge—it’s a political force and one being championed by the ruling party of the most powerful nation on the planet.

• Senator Cynthia Lummis stole headlines by announcing that Donald Trump supports the Bitcoin Legal Tender Act, and that a bill to buy 1 million BTC will be introduced in Congress this week. 👉 source
• JD Vance, now Vice President, gave a fiery speech, calling Bitcoin “a hedge against bad policy-making from Washington.” 👉 source
• Lyn Alden, ever the data realist, dropped a truth bomb on the U.S. financial system: “There will be no more Social Security funds left by 2035.” 👉 source

Combine these headlines with a room full of Bitcoiners and you’ve got the outlines of a new monetary narrative for the next decade.

🧠 Signal, Not Noise

Bitcoin 2025 wasn’t all politics and posturing. The main stage delivered big emotion and even bigger vision.

• Ross Ulbricht, the formerly imprisoned founder of Silk Road, appeared via video and later walked on stage to a standing ovation. His appearance reminded everyone of the human stakes behind the cypherpunk dream: privacy, censorship resistance, and individual sovereignty. 👉 watch the moment
• Michael Saylor returned to form with his “21 Ways to Wealth” presentation—a modern gospel of high-conviction, high-time-preference Bitcoin stacking. 👉 source
• Arthur Hayes doubled down on his bold macro thesis: “Bitcoin will hit $1 million by 2028.” 👉 source

Whether or not you believe in his exact timeline, the bigger idea landed: Bitcoin is moving from marginal asset to monetary institution.

📈 ATH Energy

For the first time in the conference's history, BTC hit an all-time high going into the conference.

That’s new. And the mood matched it—this wasn’t a room full of people looking for hopium. This was conviction capital. People came not to be convinced but to coordinate.

Still, history looms. Every year, Bitcoin pumps into the conference... and then dips. So now, we wait.

💡 Bottom Line

Bitcoin 2025 wasn’t just a gathering—it was a milestone. The political class is noticing. The cultural narrative is shifting. And the capital is compounding. As regulatory conversations heat up and state-level Bitcoin bills make headlines, don’t be surprised if we look back at 2025 as the moment the bitcoin movement went mainstream.

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Mike Novogratz returns to Bankless to unpack Bitcoin’s surge to new all-time highs and what it means in a world grappling with fiscal uncertainty.

We dive into the unfolding bond market crisis, why the Genius Act marks a new chapter for stablecoins, the tokenization of traditional finance, and how Galaxy is uniquely positioned at the crossroads of crypto and AI. This is a front-row seat to the changing macro tides and crypto’s place in the new financial order.

Listen to the full episode👇