Bitcoin

The crypto bull run in 2020/2021 has similarities and differences with that of 2024/2025. What are the similarities and differences?

This article responds to Michael Saylor’s views to explore the practical importance of Bitcoin, emphasizing the primacy of its role as a medium of exchange.

If MicroStrategy is forced to sell its 520,000 bitcoins, it may trigger a chain reaction in the market. This article provides a detailed explanation of its financial pressure, selling scenarios, and the potential impact on the crypto market, revealing key risks and multiple possible paths.

This article offers a deep dive into the 2025 altcoin season. It examines a fundamental shift from traditional BTC dominance to a narrative-driven dynamic. It analyzes evolving capital flows, rapid sector rotations, and the growing impact of political narratives – hallmarks of what’s now called “Altcoin Season 2.0.” Drawing on the latest data and research, the piece reveals how stablecoins have overtaken BTC as the core liquidity layer, and how fragmented, fast-moving narratives are reshaping trading strategies. It also offers actionable frameworks for risk management and opportunity identification in this atypical bull cycle.

This article examines gold's vital role in modern investment portfolios, compares the volatility patterns between gold and Bitcoin, and demonstrates how gold's price stability makes it an effective capital preservation tool during market turbulence—in contrast to Bitcoin's high-risk characteristics.

Against the backdrop of the new U.S. tariff policies and rising stagflation risks, Grayscale analyzes how Bitcoin demonstrates its safe-haven qualities. With the weakening of the dollar and improvements in macroeconomic policies, Bitcoin could become the next "gold-like" asset of the era.

Exploring Trump's tariff strategy and its impact on global markets, power dynamics, and economic manipulation.

This article provides an in-depth analysis of the significant impact of Trump's tariff policy on the Bitcoin mining industry. It first explains the mechanism of how tariffs work, and then reviews the strategies adopted by the Bitcoin mining sector during the U.S.-China trade war—particularly how mining equipment manufacturers sought to avoid tariffs by relocating their production bases.

Meanwhile completed a $40 million Series A funding round and launched the world’s first Bitcoin-denominated whole life insurance product. It combines policy collateralization, tax deferral mechanisms, and on-chain transparent claims, directly addressing the pain points of long-term BTC holders. This article provides a full analysis of its product logic, funding background, and industry outlook.

The U.S. dollar not only dominates global trade, but has also become a hidden economic weapon. Whoever controls the dollar, controls the lifeline of the global economy. What’s even more concerning is that this war will expand from the domain of commodities to that of currencies—a global currency devaluation race is now underway.

Tariffs can jolt global markets, and the nascent crypto sector is no exception. Trade wars between nations heighten economic uncertainty, impacting all types of investment assets. However, while tariffs may cause short-term disruptions in the crypto market, they could also pave the way for long-term growth and reinforce cryptocurrencies' role as mainstream tools and hedging assets.​

This report focuses on three key segments—mining rig manufacturing, self-operated mining farms, and cloud mining. It provides a comprehensive review of global mining landscape shifts by analyzing supply chains, cost structures, geopolitical transitions, and stock performance. The report also evaluates how policy shocks feed back into Bitcoin’s medium- to long-term price structure.

This article provides an in-depth analysis of how BitBonds incorporate Bitcoin into the U.S. Treasury system through a "budget-neutral" approach. It explores the potential implications for fiscal stability, the crypto market, and the global financial order, revealing practical pathways and risk boundaries in the fusion of cryptocurrency with sovereign credit.

The article analyzes the contradictions between Bitcoin's design and the practicality of DeFi, as well as the barriers newcomers face when entering DeFi. It also introduces a variety of emerging solutions, such as staking, restaking, points-based reward programs, Bitcoin Layer2 and meta-protocols, as well as the integration of smart wallets and native BTC rewards.

In this issue of Coin Metrics’ State of the Network, we understand the significance of the halving, its impact on crucial stakeholders in the ecosystem and potential effects on BTC’s price as the 4th Bitcoin halving nears.