What is Bitcoin?

Bitcoin is a digital asset and cryptocurrency. Key developments track its price dynamics, institutional adoption, and market sentiment.

• Jul 2026 - Brent Donnelly said that the majority of people have moved on from Bitcoin, viewing it as a weird idiosyncratic thing rather than a hedge.
• Jul 2026 - Ryan Sean Adams noted that Bitcoin is down about 60-65% from the high of the previous cycle, and that Michael Saylor can sell as much Bitcoin as needed to cover preferred shares.
• Jul 2026 - Jeff Dorman said that the authorization to sell a large amount of Bitcoin likely keeps a lid on Bitcoin until the sale occurs, after which Bitcoin may bottom.
• Jul 2026 - Dan Held said that from Bitcoin’s code perspective, it didn’t bend the knee; institutions bent the knee to bring Bitcoin in, and that he would not have recommended Bitcoiners buy MicroStrategy or similar products. He also stated that Bitcoin will eventually flip gold, probably in 10 to 15 years.