Although Bitcoin tested the $80,000 limit at the beginning of the week, the upward movement lost momentum and caused the price to fall below $77,000. It is stated that this retreat was caused by the increase in oil prices and the rise in geopolitical risks originating from Iran. The deadlock in the US-Iran talks and the ongoing problems in the Strait of Hormuz, as well as the rise of Brent oil to $108.23, put pressure on risky assets in general.
Corporate demand continues
Despite such fluctuations in Bitcoin price, there seems to be no decrease in interest from institutional investors. A total of $1.2 billion has entered crypto investment products over the last four weeks; $933 million of this went directly to Bitcoin funds. Cumulatively, the total managed assets of all crypto funds reached $155 billion, the highest in several months.
Although investors’ risk appetite has changed, interest in Bitcoin ETFs continues. Although the price rise lost momentum, there was no significant selling pressure; Market experts point out that in the current situation, both bull and bear scenarios cannot be fully realized. Compared to previous years, institutional demand in the market is becoming more decisive thanks to ETFs.
USA’s strategic Bitcoin reserve and policy debates
White House crypto advisor Patrick Witt announced that a new update on the Strategic Bitcoin Reserve in the United States may be made in the coming weeks or a few months. The reserve in question stipulates that the government-owned Bitcoins held by the US Treasury Department will be kept and not put up for sale. According to this policy, the foundation of which was laid by the presidential decree published in March 2025, the USA defines Bitcoin as “digital gold” and emphasizes its limited total supply of 21 million.
In the information note published by the US administration, it was emphasized that Bitcoin was positioned as “digital gold” and that it was important to gain a strategic advantage; especially for those who establish such reserves before other countries.
This politically sensitive step shows that the USA has begun to consider Bitcoin as a strategic element that serves as a reserve, rather than just an asset to be seized and sold. In addition, ministries were authorized to investigate ways to obtain more Bitcoin without imposing an additional financial burden.
Corporate Bitcoin purchases are not slowing down
MicroStrategy, one of the prominent companies among corporate Bitcoin investments, added 3,273 more Bitcoins to its portfolio at the end of April. Thus, the company reached 818,334 Bitcoins in total. The current value of this amount is approximately 63 billion dollars. Even though prices fluctuate, MicroStrategy maintains its continuous acquisition strategy and the company’s influence on the market increases.
In addition, as ETF providers, miners and custodians begin to strengthen central structures in the Bitcoin ecosystem, discussions such as ownership distribution and governance are also on the agenda. Despite Bitcoin remaining decentralized at the protocol level, the weight of major players is increasing.
Bitcoin’s security and long-term risks are on the agenda
Leading Bitcoin miner MARA Holdings announced a new foundation at the Bitcoin 2026 event in Las Vegas. MARA Foundation aims to develop “quantum resistant” solutions as well as research on the sustainability of the Bitcoin protocol and security. Fred Thiel, CEO of the company, stated that they aim to make a long-term contribution to the Bitcoin ecosystem with this step.
While the development of quantum computer technologies increases long-term security concerns for Bitcoin; It is emphasized that sector stakeholders should not only focus on financial interests, but also invest in the technical and social sustainability of the network.
Current discussions include a hard fork plan called eCash proposed by experienced developer Paul Sztorc. Sztorc suggested that some of the 1.1 million BTC allegedly belonging to Bitcoin founder Satoshi Nakamoto be transferred to early contributors and investors; However, this proposal was met with intense reaction from the community. Sztorc then proposed a new version of the proposal that did not include Satoshi’s coins, but it did not receive support from major exchanges and miners.
The Bitcoin community remains clear against any interference or redistribution of Satoshi’s coins; asset security and predictability are among the network’s top priorities.
Finally, both price movements with institutional demand and technical and social risks show that a new era has begun in the Bitcoin market. In the long term, administrative and technical sustainability will determine issues beyond price.
