Today in crypto, Bitcoin’s corporate adoption increasingly resembles the “nationalization path” of gold leading up to 1971, according to Willy Woo. Bitcoin maximalist Samson Mow predicts Ether investors will rotate capital back into Bitcoin once ETH goes high enough, leaving a new generation of “bagholders,” and World Mobile launched a drone-based network to provide 5G service.
Bitcoin’s corporate boom raises “Fort Knox” nationalization concerns
Corporate crypto treasuries have surged past $100 billion, raising concerns among analysts that the United States may one day nationalize some of these holdings in a move reminiscent of the gold standard era.
Corporate crypto treasuries have surpassed $100 billion of digital asset holdings, with Bitcoin (BTC) treasury firms amassing 791,662 BTC worth roughly $95 billion by the end of July, representing around 3.98% of the circulating supply.
The growing corporate holdings may present a new centralized point of vulnerability for Bitcoin, which may see the world’s first cryptocurrency follow the same “nationalization path” as gold in 1971, according to crypto analyst Willy Woo.
“If the US dollar is structurally getting weak and China is coming in, it’s a fair point that the US might do an offer to all the treasury companies and centralize where it could be then put into a digital form, not create a new gold standard,” Woo said during a panel discussion at Baltic Honeybadger 2025, adding:
“You could then rug it like happened in 1971. And it’s all centralized around the digital Bitcoin. The whole history repeats again back to the beginning.”
In 1971, US President Richard Nixon ended the Bretton Woods system, suspending the dollar’s convertibility into gold and abandoning the fixed $35-per-ounce rate, effectively ending the gold standard.
Ethereum bag holders will rotate back to Bitcoin: Samson Mow
Bitcoin pioneer Samson Mow predicts Ethereum investors will switch back to Bitcoin once ETH prices get high enough, potentially reversing a five-week surge in Ether.
However, historical market cycle patterns could indicate otherwise.
“Most ETH holders have a lot of BTC (ICO/insiders) and they are rotating that BTC into ETH to pump it on new narratives (Ethereum Treasury co’s),” said the CEO of Bitcoin adoption firm JAN3 on Sunday.
He added that once Ether (ETH) is high enough, “they’ll dump their ETH, creating new generational bagholders, and then rotate the gains back into BTC.”
“No one wants ETH in the long run,” the Bitcoin (BTC) maximalist said.
Mow, who has repeatedly ridiculed altcoins, added that it will be “challenging” for ETH to break all-time highs “because the closer you reach that psychological level, the stronger the drive to sell,” describing it as a “Bagholder’s Dilemma.”
World Mobile launches aerial drone network for telecommunication
World Mobile, a decentralized physical infrastructure network (DePin) for telecommunications, launched a new initiative with Indonesian telecom firm Protelindo to provide 5G wireless service through drone-based platforms.
The project, called World Mobile Stratosphere, uses hydrogen-powered drones, deployed at 60,000 feet in the stratosphere, to provide wireless coverage, Charles Barnett, the chief business officer of World Mobile Group, told Cointelegraph.
World Mobile Stratospheric aims to expand wireless coverage to dead zones and underserved areas that are ignored by larger telecom players by beaming data directly to individual devices.
The atmospheric and satellite-based communications sector continues to grow as these solutions present a way to provide online infrastructure for billions of individuals lacking an internet connection.
cointelegraph.com