Happy Labor Day to all who celebrate.
The last day before pools close across America means many Wall Street traders are about to return to their Bloomberg terminals for the first time in weeks and see a big, fat +25% next to the BTC ticker.
This summer has been anything but quiet for Bitcoin. And over the last few weeks, sentiment around the asset has shifted dramatically.
As Bitcoiners grow increasingly confident that the worst of the bear market is behind us, institutions are once again finding reasons to invest in the hardest currency known to man.
Bessent is borrowing at the short end to support the long end of the yield curve, while the government has to compete for capital with the biggest infrastructure buildout in history. All of this points toward the money printer coming back on in force.
And you know that’s when it’s Bitcoin’s time to shine.
Other headlines this week include
AI-generated Bitcoin Seinfeld is all the rage on X.
Bitcoin ETF flows are on the verge of turning positive for 2026.
Metaplanet shareholders revolt over controversial C-suite compensation.
Latest News
Adoption
CNBC profiles Real Bedford, the UK football club owned by Peter McCormack, using BTC to build a global fanbase, attract investment, and pursue its ultimate goal of reaching the English Football League.
Bitcoin ownership is estimated at 4.5%-6% globally, representing roughly 370-500 million people, with India leading by total owners at 68 million and Vietnam highest by adoption rate at 17%.
Christian Moss releases a montage of his Bitcoin Seinfeld series, which lightly mocks Bitcoin culture by reimagining the personalities, debates and absurdities of the community through classic Seinfeld characters.
Regulation
A Coldcard hacker has begun swapping stolen Bitcoin for ETH through THORChain, moving roughly 10% of the funds linked to the third wave of thefts while 90% remains untouched.
Peach Bitcoin will temporarily pause its KYC-free escrow model after a Swiss regulatory challenge, restricting non-KYC sellers while it fights to preserve its peer-to-peer Bitcoin marketplace framework.
Markets
US spot Bitcoin ETFs pull in roughly $3.8 billion over the past three weeks, their strongest three-week stretch of 2026, leaving year-to-date flows just $1 billion in the red.
Ray Dalio warns the U.S. debt crisis may be entering its “final stages,” citing rising Treasury yields, weakening demand and growing government intervention as signs of an increasingly advanced debt cycle.
Zaprite launches a P2P Bitcoin payments app designed to make sending and requesting Bitcoin between friends as seamless as Venmo, while allowing users to connect their existing wallets or custodial accounts.
Treasury
Strategy calls on MSCI to withdraw a proposal that could remove $MSTR from its indices, arguing the new methodology unfairly targets Bitcoin treasury companies and misclassifies Strategy as “non-operating.”
Metaplanet CEO Simon Gerovich addresses shareholder backlash over dilution, acknowledging communication failures following changes to the company’s controversial 10th Series stock acquisition rights.
Capital B receives a €7.6 million subscription from Adam Back, with proceeds and operating funds potentially adding 376 BTC to the Paris-listed Bitcoin treasury company.
Mining
OCEAN names Barefoot Mining founder Bob Burnett its new Chairman following the departures of co-founder Luke Dashjr and Bitcoin Mechanic, marking a major leadership transition at the Bitcoin mining pool.
IREN generated $578.2 million, or 81.8%, of FY2026 revenue from Bitcoin mining, showing mining remains its core business despite its growing pivot toward AI Cloud Services.
Public Bitcoin miners cut realized hashrate 15% in H1 2026 as they pivoted toward AI, with HPC and AI-cloud revenue rising 52% in Q2 and overtaking mining at leading firms.
Politics
The IMF says El Salvador’s Bitcoin accumulation since June 2025 came entirely from private donations, with no public resources used and no additional government purchases expected.
The National Sheriffs’ Association drops its opposition to the CLARITY Act, moving to a neutral position as Congress works toward establishing a regulatory framework for the U.S. crypto market.
EU President Ursula von der Leyen calls €10 trillion in European household savings “lazy,” saying Europe must put citizens’ savings “at the service of its companies” to unlock investment.
MIDWEST BITCOIN SUMMIT IS COMING TO OHIO
In just two weeks, Bitcoin is coming to the heartland.
The Midwest Bitcoin Summit brings together Bitcoiners, builders, investors, policymakers and industry leaders for two days of signal, education and networking at the Greater Columbus Convention Center this September 23-24.
Hear from speakers including Congressman Warren Davidson, SEC Commissioner Hester Peirce, Avik Roy, Luke Broyles, CJ Konstantinos and dozens more across Bitcoin mining, investing, self-custody, policy, Austrian economics and enterprise adoption.
Expect keynotes, technical workshops, intimate breakout sessions, a curated expo hall, VIP events and plenty of opportunities to meet the people building the Bitcoin economy.
Join us in Columbus and help bring the Bitcoin revolution to the Midwest.
Bam’s 2 Sats
Bitcoin Keeps Moving While the Bears Wait
Bitcoin seems to have not only woken up, but potentially saved itself from printing the infamous “Bart” pattern.
Shortly after Ben Cowen, a well-known four-year cycle advocate, posted the Bart image below, Bitcoin appeared to be heading lower, trading around $77K. Then, suddenly, the momentum flipped. Bitcoin began pushing higher, setting its sights on the highs from May.
The Bears Are Still Waiting
Looking through the comments on many trader accounts, several of which have now turned bullish, plenty of large accounts remain firmly anchored to their bearish outlook.
Their followers remain sidelined, waiting for Bitcoin to fall somewhere between $30K and $50K this October. While that scenario isn’t impossible, it’s starting to look less and less likely.
I can only imagine that feeling getting worse for those in the bearish camp if Bitcoin doesn’t even give them an entry below $60K, where they had more than half a year to accumulate, and simply keeps pushing higher.
Which, naturally, I hope it does.
Meanwhile, Buyers Start To Ramp Up
As people on X continue to voice strong opinions in both directions, one thing is becoming increasingly difficult to argue against: the market is signaling growing optimism from institutional buyers.
We now have Strategy buying back roughly two-thirds of the Bitcoin it sold since June, while maintaining a massive USD reserve that covers multiple years of upcoming dividend payments. Strive, meanwhile, is keeping its Bitcoin-printing machine humming through its preferred stock strategy, firmly moving into position as the fifth-largest public Bitcoin treasury.
Strive now appears close to doubling the amount of Bitcoin it held following its merger with Semler Scientific earlier this year. Depending on whether it acquired more than 2,000 BTC last week, it may have already crossed that threshold. Either way, it certainly seems to be heading there.
And on the Bitcoin ETF front? They’ve now posted weekly net inflows for three consecutive weeks.
None of this means Bitcoin can’t turn around tomorrow and make everyone who’s bullish look stupid again, at least for a little while longer. It has certainly done that before.
But for now, the picture seems to be slowly changing. As we mentioned in last week’s article, Bitcoin’s ability to push to a new price plateau and stick the landing has been impressive. Price is now slowly moving higher, breaking above $80K multiple times this weekend. Institutional demand appears to be returning, ETFs are close to erasing all of their 2026 outflows, and Bitcoin treasury companies seem increasingly comfortable accumulating again.
Maybe the bears will eventually get their $50K. But keep in mind, Bitcoin doesn’t owe anyone an entry.
So keep stacking.
- Bam
