Good Morning Crypto Enthusiasts!

Glad to have you back for another edition of the UseTheBitcoin.com newsletter.

1. Saylor Predicts $1M Bitcoin: Michael Saylor says Bitcoin has passed its riskiest phase, projecting it could hit $1 million due to limited supply and rising institutional interest.

2. Whale Places $300M BTC Bet: A mystery trader—possibly James Wynn—opened a $300M long on Bitcoin at 20x leverage.

3. Sandeep Nailwal Becomes Polygon CEO: Polygon co-founder Sandeep Nailwal is now CEO, marking a shift away from decentralized governance. The foundation will sunset zkEVM by 2026, focus on AggLayer, and upgrade its PoS chain to a “GigaGAS” chain with 100K+ TPS.

4. 💡Feature of the Day - Stablecoins vs. Banks Debate: Haun Ventures’ Diogo Monica claims stablecoins backed by U.S. Treasuries or G-SIBs are safer than traditional bank deposits.

   
   All this and more in today’s headlines!

📰 News Highlights:

Saylor: Bitcoin to $1M [Source][Source][Source][Source]

Michael Saylor, executive chairman of MicroStrategy, dismissed concerns over a potential crypto winter, arguing that Bitcoin is now past its riskiest stage and headed for major price appreciation.

Citing growing institutional adoption, constrained daily supply, and nation-state interest, Saylor boldly predicted Bitcoin could reach $1 million.

He emphasized that only $50 million of daily buying pressure could drive up prices, given the limited availability of 450 BTC per day from miners.

He acknowledged that price surges to $500K or $1M may come with significant pullbacks, possibly dropping by $200K, but remains confident in Bitcoin’s trajectory.

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Whale’s $300M Bet [Source][Source]

A mystery investor has opened a $300 million leveraged long position on Bitcoin at 20x leverage, fueling speculation that it could be tied to James Wynn.

The position, entered around $108,100, risks liquidation if Bitcoin falls below $105,780, while blockchain sleuths link it to Wynn’s cryptic tweet about returning to the market under an anonymous account.

Analysts believe such institutional momentum could push Bitcoin above $200,000 by 2025.

Nailwal Leads Polygon [Source][Source][Source]

Polygon co-founder Sandeep Nailwal has officially become the foundation’s first CEO, signaling a strategic shift away from decentralized governance.

Among the changes is a pivot to Polygon’s AggLayer protocol and an overhaul of its zkEVM chain, which will sunset by 2026.

The foundation aims to evolve its PoS chain into a “GigaGAS” chain capable of over 100,000 transactions per second, bolstering its payments capabilities with the upcoming Bhilai upgrade.

💡 Feature of the Day: 

Stablecoins vs Banks [Source][Source]

At the Proof of Talk conference in Paris, Haun Ventures’ Diogo Monica claimed that stablecoins backed by G-SIBs or U.S. Treasuries are safer than commercial bank deposits.

He argued that stablecoins provide more secure collateral than traditional banks, which expose depositors to potential losses during failures, especially if uninsured.

However, critics warn that centralized stablecoin issuers like Tether pose unique risks, particularly around transparency and accountability.

😂 Crypto Meme of the Day: 

Meme of the day provided by @Gate_io

And that’s it for this today.

See you all tomorrow’s edition!

Jonathan Gibson
UseTheBitcoin.com