The Latest Bitcoin & Macro news: Weekly Recap 23.06.2025
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Habla
The Latest Bitcoin & Macro Weekly Recap: 23.06.2025 - Felipe
I truly believe that on a Fiat currency standard, you work 45 years to enjoy 10. On a Bitcoin standard, you work for 10 years to enjoy 45.
A compel...
On Nostr, I will exclusively share the most significant Bitcoin news. (this note)
For those (still) beyond Nostr—friends, family, and colleagues—the complete Weekly Recap will be accessible on my Bitcoin Friday page on Habla. (next note)
Enriched with detailed charts, illustrative images, and comprehensive macroeconomic news to provide context and clarity.
Happy reading!
The Latest Bitcoin & Macro news: Weekly Recap 23.06.2025
🧠Quote(s) of the week:
"Normie: “I don’t trust Bitcoin.”
Also normie:
– $800 car repair = financial crisis
– 5% raise = reason to celebrate
– No assets, just liabilities, and vibes
– Spends $9/day on coffee
– Thinks the dollar is money."
Adam Livingston
I truly believe that on a Fiat currency standard, you work 45 years to enjoy 10. On a Bitcoin standard, you work for 10 years to enjoy 45. A compelling contrast, choose your own standards!
🧡Bitcoin news🧡
On the 16th of June:
➡️French lawmakers propose an amendment to integrate Bitcoin mining with France's energy system, using surplus nuclear power.
On the 18th of June:
➡️The Libertarian Party just posted the Bitcoin Genesis Block.
➡️Healthcare firm Prenetics buys $20 million worth of BTC and adopts Bitcoin treasury strategy.
On the 19th of June:
➡️French National Assembly rejects proposal to designate Bitcoin mining as a state activity, utilizing France's surplus energy for government-operated Bitcoin mining.
➡️The return of Bitcoin, Nasdaq, and Gold since 2020. There is no second best! - CarlBMenger
➡️ River: 'An estimated 55% of all bitcoin is held in self-custody. If you’ve never tried, let today be the day when you learn how to do it! Start small and take your first step, check our guide in the post below:
It’s actually very simple. You don’t need to buy a fancy wallet. A basic one just works well. Just put some effort, time, and energy into it. The only real protection? Cold storage. Holding your own keys. Because trustless money only works… When you stop trusting exchanges.
➡️The BTC Treasury Holdings of Public Companies has surpassed 830,000 BTC worth over $82 BILLION! How long before we see over 1,000,000 BTC being held on company balance sheets?
➡️Bitcoin has stayed above $100,000 for over 40 consecutive days! Who would have thought that 4 years ago?
➡️Digital asset manager K33 AB announces a direct share issuance to raise at least SEK 85M ($8M) to acquire up to 1K BTC.
➡️$5 billion Cardone Capital acquired another 150 Bitcoin worth $15.6 million
➡️The Smarter Web Company (SWC) bought 104.28 Bitcoin, investing £8.1 million to boost its Bitcoin treasury to 346.63 coins under its 10-year financial vision.
➡️30% of all dollars were created in the last 5 years. Bitcoin is the solution.
➡️91% of Japan’s multi-chain wallet users say they are open to switching to Bitcoin-only mobile wallets if they offer stronger security, according to a new Diamond Hands survey.
➡️Prenetics makes history with a $20 million Bitcoin allocation — becoming the first healthcare company to adopt a corporate BTC strategy.
➡️Banking giant ‘Sberbank’ issues Russia's 1st Bitcoin-backed bonds.
➡️I will keep posting the following chart. Bitcoin is at 4.7% world adoption, the same as Internet Adoption in 1999. We are so early.
➡️Sminston With: "Bitcoin spends roughly half its time in a bubble and half its time crab-crawling. If you separate the two, and you fit the lower half of the data to a power law, the correlation/accuracy is 99.73%. - - - Therefore, if you completely ignore the bubbles and pretend they will never exist again, the BTC price would STILL be slated to hit USD 1M in December 2034. Given that there ARE bubbles, and given that they are clearly less predictable and more poorly understood, expect that we will hit $1M sometime well before this, perhaps years ahead of 2034. $1M any time between 2029 and 2034 seems very reasonable. Don't be cute - keep stacking and realize the next 10 years is a prime window for wealth generation thanks to Bitcoin."
Forget the price tag of $1M, just ignore the bubbles is exactly what everyone should do and just focus on the Bitcoin long cycle.
Even if Bitcoin never entered another bubble again, it would still be on track to hit: $1,000,000 per BTC by December 2034
This is the power of network effects + scarcity + time.
And remember, $1M then is a far cry from $1M now. Most likely 550k-650k in today's dollars, but hard to know for sure.
On the 20th of June:
➡️'Since early 2025, Bitcoin's daily transaction volume has significantly decreased, now ranging between 320K and 500K, down from previous cycle highs, according to data from Glassnode.' -Bitcoin News
➡️Parataxis Korea has entered into a definitive agreement with biotech firm Bridge Biotherapeutics to establish a "Bitcoin-native treasury platform" in South Korea’s public markets.
➡️Norway to temporarily halt Bitcoin mining facilities using the most energy-intensive technologies, per Reuters. Digitalization Minister Karianne Tung says Bitcoin mining uses significant electricity with minimal local economic benefits.
Daniel Batten: Norway’s Temporary Bitcoin Mining Ban: A Step Backward? Norway has announced a temporary ban on Bitcoin mining, citing high energy use and minimal local benefits. But both claims don’t hold up to scrutiny.
In a country powered largely by hydropower, Bitcoin miners actually help balance the grid by using surplus energy that would otherwise be wasted. Their operations have even been rewarded by the government for reducing CO₂—since their waste heat replaces fossil-fuel heating.
As for local benefits? Evidence suggests the opposite of what officials claim. In regions where mining was banned, electricity prices jumped 20%. Miners help stabilize grids, support food independence in a heavily import-reliant nation, and contribute to communities through job creation, workforce training, and even lower property taxes.
Globally, 16 countries have reversed similar bans after recognizing the unintended negative impacts. While much of the world is embracing Bitcoin mining for its grid-stabilizing and decarbonizing potential, Norway appears to be moving in the opposite direction.
Will this ban help Norway? If “help” means higher emissions, wasted renewables, and higher energy prices—then perhaps. Good luck, Norway.'
For more in-depth: 
➡️Kindlymd and Nakamoto announce an additional $51.5 million in pipe financing to support #bitcoin treasury efforts.
On the 22nd of June:
➡️SageM: 'Holy Sh**! The global hash rate dropped like a rock around the same time nuclear sites were bombed by the US. Could it be Iran has nuclear-powered asics as a way to convert energy into Bitcoin under the radar to fund their operations?'
Short answer, No, this is just Texas (ERCOT) curtailment.
Hashrate is down over 37% since Friday. Price is down 7% This is roughly equivalent to a 30% improvement in miner profit margins. A mined Bitcoin got 37% cheaper. A Bitcoin on an exchange got 7% cheaper. Mining gives you exposure to the spread between price and hashrate.
Long answer - Daniel Batten: No this is not because Iran is secretly mining large swathes of Bitcoin using nuclear energy. Firstly, drops like this are common (see chart below) and are more likely due to ERCOT curtailment (being paid to shed load, or getting a price signal it's uneconomical to mine). Second, Iran's one nuclear reactor (Bushehr) has only 1000MW capacity, 5% of the Bitcoin network. Even if they used that 100% for Bitcoin mining, which they do not, and it was rendered 100% inoperable, you'd only see a 50 EH/s drop.
➡️Bitcoin Dominance is at its highest level since January 2021.
➡️Wicked: Current cost basis of daily dca'ers who started saving in bitcoin at each halving... 