Greetings Bitcoiner,

Welcome to Issue #216 of Bitcoin Breakdown, where we’re bringing you your end-of-week Bitcoin Digest featuring all the need-to-know Quick Bits snippets and Quick Media.

But first, today’s Top Stories:

• 💸 Post-Tariffs $BTC.X ( ▼ 0.35% ) Market Presents Buying Opportunity

• ⛏️ Trump Tariffs Rattle Bitcoin Miner Supply Chain

• 🌱 Bitcoin Startups Blossom, Raising Nearly $1.2B

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Apr 4, 2025

TODAY’S TOP STORIES

💸 Post-Tariffs Bitcoin Market Presents Buying Opportunity

Trump's recently announced tariffs have rattled markets, causing a brief BTC dip. However, analysts see this as a prime buying opportunity, arguing that the news removed policy uncertainty. With clarity restored, institutional investors may jump back in, attracted by lower prices. US spot Bitcoin ETFs already saw $218M in inflows post-announcement. Expect volatility as Bitcoin's fixed supply meets growing mainstream demand—a sign of healthy adoption, not weakness. The Block

⛏️ Trump Tariffs Rattle Bitcoin Miner Supply Chain

Trump's tariffs are also shaking up the Bitcoin mining scene, hitting the crucial Asian supply chain. US miners, reliant on hardware from Thailand and Malaysia, now face stiff levies up to 36%. Companies like Luxor Technology are racing against the clock to import machines. This disruption threatens higher costs for essential mining equipment and could squeeze profits for North American operators securing the network, highlighting the push for more US-based resilience in the Bitcoin ecosystem. The Trump boys’ recently announced American Bitcoin mining company sure is well-timed. Bloomberg

🌱 Bitcoin Startups Blossom, Raising Nearly $1.2B

Bitcoin's ecosystem is thriving. Despite wider market chills, Bitcoin-native startups scooped up nearly $1.2B in funding between 2021 and 2024, proving the sound money's enduring appeal. Research by Trammell Venture Partners shows impressive resilience, especially at the earliest Pre-Seed stage, where deal volume soared. Big-name venture capital firms like Founders Fund and Y Combinator are taking notice, validating Bitcoin as a sustained, long-term venture category, not just a fleeting trend. This growth focuses on foundational tech, excluding mining. Bitcoin Magazine

POLL

QUICK BITS

• Jack Dorsey's Block, Inc. boosts Bitcoin focus with Bitkey Wallet, mining investments, and payment integration.

• Cango, a publicly traded Chinese conglomerate, sells its legacy China auto financing business for $352M to focus entirely on Bitcoin mining, acquiring a total hashrate of 32 EH/s from Bitmain.

• President Trump has invited El Salvador's Bitcoin-friendly President Bukele to the White House on April 14, praising his tough stance on gangs and cooperation on security.

• Fidelity launches IRAs that enable eligible US investors to hold Bitcoin in their individual retirement plans.

• Grayscale launches two new Bitcoin-centric ETFs, Covered Call and Premium Income, offering investors distinct risk-return profiles using options strategies.

• Metaplanet boosts its BTC holdings with an additional $13M purchase, taking its total holdings to 4,206 BTC.

• Smarter Web Company, a UK-based web services firm, plans to go public with a Bitcoin treasury strategy.

• Bitfarms, a Bitcoin mining company, secures a $300M loan from Macquarie Group to fund its high-performance computing (HPC) data center development.

• West Virginia Senator Chris Rose proposes a bill allowing 10% state fund investment in BTC, stablecoins and precious metals.

• Genius Group, a Singapore-based company that has adopted a 'Bitcoin-first' treasury strategy, sells BTC holdings following a US court order blocking fundraising amid legal disputes with Fatbrain AI partners.

• Trezor, a hardware wallet maker based in the Czech Republic, proactively adapts its supply chains to adjust to uncertain costs due to Trump's US tariffs.

• Bhutan government moves $32M of its BTC holdings as markets brace for volatility.

OTHER NEWSLETTERS TO CHECK OUT*

Looking for fresh insights? Check out this curated list by Refind of amazing newsletters! Explore a variety of topics, discover new perspectives, and subscribe to the ones that spark your interest. Happy reading!

*You can find more here.

QUICK MEDIA

• Jack Dorsey, in an appearance on the 21 in 21 podcast, warns that Bitcoin will fail if it becomes irrelevant and that its irrelevancy could be caused by BTC remaining a store of value and never being used for everyday payments (Apr 2 | 0:48). 

• Matthew Kratter of Bitcoin University explains why Bitcoin doesn't need altcoins for scaling, how base layer limitations necessitate off-chain solutions like Lightning, and warns against trying to alter Bitcoin's core protocol (Apr 3 | 6:01 min watch). 

• Professor₿, a pseudonymous Bitcoiner, explains how primitive monies failed due to scalability issues and how Bitcoin's capped supply offers true digital scarcity and hardness as a store of value (Apr 2 | 1:17 min watch). 

• Jack Mallers explains why his life and his BTC are the only two things he can truly value since they are two things he can't make anymore, no matter how bad he wants to (Apr 3 | 2:47 min watch). 

• Peter Dunworth, founder of The Bitcoin Adviser, in an appearance on the What Bitcoin Did podcast, explains why the money in your bank account isn’t really yours and why governments don’t want you exiting the system with Bitcoin (Apr 3 | 2:33 min watch). 

• Max Keiser and Stacy Herbert, speaking at Adopting Bitcoin El Salvador, detail how El Salvador's Bitcoin adoption fosters economic freedom and innovation, positioning the nation as a model for monetary sovereignty against fiat corruption (Apr 1 | 30:43 min watch). 

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