Several bitcoiners are concerned about the direction bitcoin adoption has 
taken and how institutions are now dominating the narrative. This new breed of 
users, the &#8220;suitcoiners,&#8221; does not share the same vision as the crypto 
founding fathers. &#8216;Suitcoiners Are Not Led by Libertarian or Cypherpunk 
Ideologies&#8217; Since its inception in 2009, when bitcoin was developed […]

The Rise of the Suitcoiners: A Discussion on the Ongoing Wall Street Takeover of Bitcoin

The next phase of memecoins shouldn’t be defined by celebrity-manufactured 
momentum—it should be driven by AI

AI agents hold the keys to the memecoin renaissance | Opinion

Investment firms with Bitcoin-focused treasuries are front-running global 
Bitcoin adoption, which may see the world&#8217;s first cryptocurrency soar to a 
$200 trillion market capitalization in the coming decade.
Institutions and governments worldwide are starting to recognize the unique 
monetary properties of Bitcoin (BTC), according to Adam Back, co-founder and 
CEO of Blockstream and the inventor of Hashcash.
&#8220;$MSTR and other treasury companies are an arbitrage of the dislocation 
between the bitcoin future and todays fiat world,&#8221; Back wrote in an April 26 X 
post.
&#8220;A sustainable and scalable $100-$200 trillion trade front-running 
hyperbitcoinization. scalable enough for most big listed companies to move to 
btc treasury,&#8221; he added.
Hyperbitcoinization refers to the theoretical future where Bitcoin soars to 
become the largest global currency, replacing fiat money due to its 
inflationary economics and growing distrust in the legacy financial system.
_Source:__Adam Back_
 _**Related:**__**Crypto sentiment recovers, but weekend liquidity risks 
remain**_
Bitcoin&#8217;s price outpacing fiat money inflation remains the main driver of 
global hyperbitcoinization, Back said, adding:
&gt; &#8220;Some people think treasury strategy is a temporary glitch. i&#8217;m saying no 
&gt; it&#8217;s a logical and sustainable arbitrage. but not for ever, the driver is 
&gt; bitcoin price going up over 4 year periods faster than interest and 
&gt; inflation.&#8221;
Back&#8217;s comments come nearly two months after US President Donald Trump signed 
an executive order to establish a national Bitcoin reserve from BTC forfeited 
in government criminal cases.
_**Related:**__**Serbia &#8216;s Prince Filip says Bitcoin is being stifled, expects 
huge rally**_
## Global firms continue Bitcoin accumulation
Continued Bitcoin investments from the likes of Strategy, the largest 
corporate Bitcoin holder, may inspire more global firms to follow suit.
Strategy&#8217;s approach is proving to be lucrative, with the firm&#8217;s Bitcoin 
treasury generating over $5.1 billion worth of profit since the beginning of 
2025, according to Strategy&#8217;s co-founder, Michael Saylor.
_Source:__Michael Saylor_
Japanese investment firm Metaplanet, also known as &#8220;Asia&#8217;s MicroStrategy,&#8221; 
adopted a similar strategy, since surpassing 5,000 BTC in total holdings on 
April 24, Cointelegraph reported.
As Asia&#8217;s largest corporate Bitcoin holder, Metaplanet plans to acquire 21,000 
BTC by 2026.
US financial institutions may also have more confidence in adopting Bitcoin 
after the US Federal Reserve withdrew its 2022 guidance discouraging banks 
from engaging with cryptocurrency. &#8220;Banks are now free to begin supporting 
Bitcoin,&#8221; Saylor said in response to the guidance withdrawal.
&#8220;Banks will now be supervised through normal processes, signaling a more open 
regulatory environment for digital asset integration,&#8221; Nexo dispatch analyst 
Iliya Kalchev told Cointelegraph.
_**Magazine:**__**Altcoin season to hit in Q2? Mantra &#8216;s plan to win trust: 
Hodler&#8217;s Digest, April 13 &#8211; 19**_

Bitcoin treasury firms driving $200T hyperbitcoinization — Adam Back

The last trading week saw Bitcoin produce another price rebound as the premier 
cryptocurrency moved to reclaim the $95,000 price region. However, bullish 
momentum seems to have stalled in the past day amidst a minor retracement and 
an ongoing price consolidation. Notably, speculations over Bitcoin&#8217;s ability 
to sustain the current uptrend also persist. Interestingly, popular crypto 
analyst Burak Kesmeci has shed some light on possible developments that could 
decide BTC’s price movement in the immediate future. Related Reading: Bitcoin 
Coinbase Premium Gap Remains In Positive Zone — What This Means For Price 
Bitcoin MVRV Faces Resistance At 365 SMA In an X post on Saturday, Kesmeci 
reports that the Bitcoin MVRV is now facing an important resistance at its 
365-day simple moving average (365SMA). The analyst explains that potential 
developments from this situation are influential to Bitcoin’s mid-term future. 
The Bitcoin MVRV ratio (Market Value to Realized Value) is an important on- 
chain metric that measures whether Bitcoin trading price is relatively 
overvalued or undervalued compared to its realized price. Technically, the 
MVRV is used to indicate profitability, but this metric can also signal market 
stages, such as a price top/bottom, or identify the current price trend. 
Meanwhile, the MVRV 365SMA, which produces an average of all MVRV ratios over 
the past 365 days, represents a critical threshold for medium-term reversal. 
Typically, when the MVRV remains below the 365SMA, it signals a bearish 
market, while a crossover above the 365SMA is interpreted as a bullish 
confirmation. Following recent market developments, Bitcoin’s MVRV currently 
stands at 2.13, just slightly below its 365SMA at 2.14. To confirm a long-term 
bullish market despite recent gains, an upward crossover between the MVRV and 
its 365SMA must occur, signaling a potential medium-term trend reversal 
following the prolonged correction phase in early 2025. Related Reading: 
Ethereum Flips Key Resistance Into Support – Can Bulls Reclaim $2,000 Level? 
Bitcoin Network Fees Climb By 42% In other developments, on-chain analytics 
firm IntoTheBlock reports that Bitcoin network fees surged by 42% in the past 
week. During this time, traders spent $4.03 million on transaction fees, 
suggesting a high level of network engagement. Meanwhile, crypto exchanges 
also recorded net withdrawals valued at $356 million. While this figure falls 
far lower from the $1.3 billion reported in the previous week, it indicates 
that many investors are still opting to keep their assets. Both the increase 
in network activity and sustained exchange outflows point to strong underlying 
demand and positive sentiment in the Bitcoin market. At the time of writing, 
Bitcoin continues to trade at $94,233 after a 0.78% decline in the past day. 
On larger timeframes, the premier cryptocurrency remains in profit with gains 
of 11.27% and 8.59% in the last seven and 30 days, respectively. Featured 
image from Pexels, chart from Tradingview

Bitcoin MVRV At Critical Breakout Point – Is A Price Rally Imminent?

Stripe CEO Patrick Collison has announced that the payments company is 
actively developing a new stablecoin product, a project that they have wanted 
to pursue for nearly a decade. This announcement comes after Stripe&#8217;s 
acquisition of stablecoin platform Bridge in October 2024 for $1.1 billion. In 
a recent social media post, a member of the […]

Cryptocurrency price in LKR