This Week in Bitcoins: Trump Tariffs Rock Markets as MicroStrategy Rebrands—And Stops BTC Gets

After the price of the world’s largest online property fell below$ 93,000 on Monday, some believed the bull market was over. The purpose? President Trump’s business taxes spooking markets —again.

However, the increasingly commander in chief’s change of heart to halt taxes against Mexico and shortly after Canada caused the price of the peach coin and other digital tokens to rise.

The asset then jumped over the magical$ 100, 000 mark before spending most of the week hovering between$ 96, 000 to$ 98, 000. Blockchain’s rate now stands at$ 96, 050, CoinGecko shows. That’s a drop of roughly 6 % over the past seven times.

ETF activities

Since the start of the year, investment passion for Cryptocurrency exchange-traded money has been underwhelming. On Monday, merchants pulled$ 234 million out of the cash, since therefore, it’s been up an along, but information from Farside Investors shows about$ 200 million in total flows across the whole year.

In additional information, there might be a fresh candidate in the already crowded race: President Donald Trump’s fresh banking walk, Truth. bi, announced that it had applied to record marks two Bitcoin cars: the Truth. Cryptocurrency Plus ETF and the Truth, respectively. Fi SMA Bitcoin Plus.

Trump Media and Technology Group did not respond to ‘s questions about the future products —including what the” Plus” in the name might entail.

MicroStrategy stops buying—and changes its name

The web had a blast posting and reposting the same joke about the advertising move as the Bitcoin-treasury firm MicroStrategy, which was later changed to only Strategy.

The company, which is the largest corporate holder of Bitcoin with a stash valued at over$ 45 billion as of this writing, said the rebrand was” a natural evolution” as it becomes more BTC-focused.

Its makeover came as the Nasdaq-listed firm released its Q4 2024 earnings, posting a net loss of$ 670.8 million. Additionally, Strategy didn’t purchase any more Bitcoins this week after 12 consecutive months of sales.

Maybe a$ 20 billion three-month BTC shopping spree was enough? We’ll get out next week…

Sovereign wealth fund

After President Donald Trump signed an executive order directing the establishment of an British sovereign wealth fund, a first for the U.S. as a country, a potential strategic Bitcoin supply was once again in the spotlight.

In a bank like this, the government would take government profits and reinvest them in goods like shares, bonds, and real estate.

However, there was no mention of the asset and the idea is still ambiguous despite prominent Bitcoiners like Sen. Cynthia Lummis (R-WY ) being quick to share their fear that this might indicate a stockpile of orange coins is on the horizon.

Does Satoshi exist in Kraken’s mind?

More debate on the identification of Bitcoin’s creator—or creators—entered the links this week after Coinbase’s mind of goods, Conor Grogan, posted on X that he had made a discovery: A number of on-chain transactions linked to a Satoshi wallet and Cavirtex, a former American Bitcoin exchange.

The gist is that Satoshi Nakamoto, who received Bitcoin from Cavirtex in 2014, was probably required to provide his personal information in exchange. The change was enforcing know-your-customer process again then, after all.

It’s possible that Cavirtex would have received any presenting information since Kraken closed and the best American crypto exchange Kraken bought Cavirtex in 2016.

However, the change didn’t seem eager on entertaining the stories, and wouldn’t listen to or Grogan—simply tweeting a naughty,” We are all Satoshi”.

Nobel prize doesn’t like Cryptocurrency

Finally, haters gonna love: Nobel-winning analyst Eugene F. Fama said in an interview with the” Capitalisn’t” show that Cryptocurrency is going to zero.

Pointless FUD, or does he have a place? Fama argued that Bitcoin would eventually become “unsustainable” because it requires very little processing power and “doesn’t had a apply”.