beehiiv-import

⚡Bitcoin and the State🏦

Croxroad

09 Jun 2025 — 4 min read

Want to earn up to 7% return on your euros? More than what the bank offers, and with no hassle. Easily and securely stake your crypto and get €15 free just for getting started. 👉 Start now and watch your money grow!

☕️ GM Dear Plebs!

Here is Crox Road, your daily dose of orange pill that will turn you into a Bitcoin Maxi.

The menu for today:

🧉 Politics and Bitcoin

Bitcoin was born out of distrust, a rebellion against centralized systems and government-controlled money. But in recent years the very institutions Bitcoin was meant to bypass have embraced it. From public company treasuries to political campaign wallets, Bitcoin is no longer a fringe tool of financial resistance. It is being bought, regulated, taxed, and even praised by politicians who once ignored or condemned it. The shift is raising a question too big to ignore: Has Bitcoin been captured by the system it set out to disrupt?

As Bitcoin continues its march into mainstream finance, its role is being reshaped. Institutional adoption has brought credibility, liquidity, and stability, but also oversight, influence, and new gatekeepers. Governments are no longer trying to ban Bitcoin, they are integrating it into existing frameworks. Regulators are outlining rules. Banks are offering custody. And the line between cypherpunk ideals and Wall Street interests is growing thinner by the day. Is this growth or is it surrender? The answer depends on whether you believe Bitcoin is a neutral technology or a political act.

For purists, Bitcoin losing its outsider status is a red flag. But others argue that wide adoption is the only way to win. Maybe Bitcoin is not being captured, maybe it is doing the capturing. The battleground is no longer just about code and consensus. It is about narratives, influence, and who shapes the future of money. Whether Bitcoin becomes a tool for sovereign individuals or a regulated asset class will depend on who holds the keys, not just the private ones but the cultural and political ones too.

🎯 Metaplanet's Bitcoin Ambition

Metaplanet, a publicly traded Japanese investment firm, has set an ambitious target to acquire 91,000 more BTC in the next 18 months. This bold move signals not just confidence in Bitcoin’s future but also a strategic pivot amid economic uncertainty in Japan and beyond. The firm already holds over 140 BTC, and with plans to hit a 100,000 BTC goal by early 2027, Metaplanet is positioning itself alongside giants like MicroStrategy in embracing Bitcoin as a primary treasury reserve asset. This is not just another bullish headline, it is a signal that nation-level economic strategies are starting to lean on Bitcoin.

The scale of this planned accumulation, nearly half a million dollars worth of Bitcoin every day, highlights Metaplanet’s long-term conviction. Backed by Trammell Venture Partners, a Bitcoin-focused US investment firm, the company sees Bitcoin not only as a hedge but as the backbone of future financial resilience. While traditional firms diversify with bonds or real estate, Metaplanet is going all in on Bitcoin. The goal is not only to preserve value but to stay ahead in a world where fiat currencies face growing debasement. Metaplanet is betting that Bitcoin is not just part of the future, it is the future.

This aggressive strategy may inspire other institutions, especially in regions facing similar economic headwinds. As Japan struggles with deflation and mounting debt, Bitcoin offers an alternative that aligns with the growing global shift toward decentralized and permissionless assets. If Metaplanet succeeds, it will not just be a financial win—it could reshape how corporate treasuries operate in the digital age. The question is no longer if Bitcoin will become part of institutional finance but how many companies will move fast enough to secure their share before the supply dries up.

🖲️ Bitcoin Miners Used to Crash GPUs for Fun

In the early days, Bitcoin mining was done on GPUs. When rigs overheated and failed, some miners would post videos of their fried graphics cards melting down—calling it “proof-of-burn.” It started as humor but evolved into serious conversations about Bitcoin’s environmental costs and the need for energy efficiency.