If you're feeling a bit dizzy about Bitcoin lately, you're not alone. This past week delivered a dizzying mix of big bets, political intrigue, and the usual heated debates about whether cryptocurrency is the future of money or a spectacular bubble waiting to pop.
Let's break down what actually happened.
The Big Money Move: Strive Gets $37 Million
Strive, Inc., the Bitcoin-focused treasury firm founded by Vivek Ramaswamy, just landed a $37 million investment from the Healthcare of Ontario Pension Plan Trust Fund. This isn't some crypto enthusiast throwing money at the latest trend—this is a serious Canadian pension fund putting real retirement money into the space. They now own 14,814,815 shares of Strive, which represents 6.4% of all Class A common stock.
That's the kind of institutional validation Bitcoin advocates have been waiting for, even as skeptics continue circling.
Peter Schiff Takes Another Victory Lap (Sort Of)
Speaking of skeptics, renowned economist Peter Schiff couldn't resist stirring the pot this week. He posed a provocative question to Bitcoin holders: how far would Bitcoin need to fall before they'd admit he was right about its instability? Schiff offered four options in his poll, and the majority of respondents picked zero—essentially saying they'd never admit defeat, even if Bitcoin went to nothing.
Whether that's admirable conviction or stubborn denial probably depends on which side of the debate you're on.
Tim Draper Sees Bitcoin Replacing Banks
Venture capitalist Tim Draper doubled down on his bullish Bitcoin thesis, arguing that the Bitcoin network has the potential to replace traditional banking and government systems entirely. He observed what he calls a "gravitational pull back toward Bitcoin," pointing to the growing number of engineers building directly on the Bitcoin blockchain rather than other platforms.
It's an ambitious vision, to put it mildly, but Draper has been making bold calls about Bitcoin for years.
The Trump Factor
Here's where things get politically interesting. Bitcoin might face its biggest test in 2028 when President Donald Trump's pro-crypto administration comes to an end. Recent polls from 2025 showed that 73% of U.S. crypto investors backed Trump's digital asset policies, revealing a surprisingly strong connection between his leadership and crypto market sentiment.
The question on everyone's mind: can Bitcoin maintain its momentum when that political tailwind disappears?
Eric Trump Plays Defense
Eric Trump jumped into the conversation to defend Bitcoin's long-term track record, pushing back against critics fixated on recent volatility. He pointed out that Bitcoin is up 180% over two years and has been the best-performing asset of the past decade. His message was clear: short-term price swings don't erase long-term performance.
It's a fair point, though it probably won't satisfy anyone who bought near the peak and watched their investment crater.
All of this captures why Bitcoin remains so fascinating—and so frustrating. It's simultaneously attracting massive institutional capital and facing existential questions about its stability. It's got political champions and prominent critics. And somehow, despite all the chaos, it keeps surviving another week.