A central banker from Prague traveled to Las Vegas to defend a 1% Bitcoin allocation in his country's $180 billion reserves. Aleš Michl of the Czech National Bank told a Bitcoin conference crowd that the asset raises expected returns without increasing overall portfolio risk.
This move from theory to balance sheet is happening as corporations build the rails for Bitcoin to function as cash. Jack Mallers is merging his payments firm Strike with Tether’s mining division to create a vertically integrated Bitcoin company. The merger injects Tether’s 5% of global mining hash rate and a $2.1 billion credit facility to back volatility-proof loans.
“The fear of the flash crash has historically kept Bitcoiners from borrowing against their stacks.”
- Jack Mallers, Bitcoin 2026
Block is attacking the other side of the equation: daily spending. It auto-enrolled 800,000 Square merchants to accept Bitcoin payments by default and launched AI bots to act as personal CFOs, bridging fiat bills and Bitcoin savings. The goal is to turn Cash App’s 60 million monthly users into a “Bitcoin black hole.”
Analyst Matthew Mežinskis argues this adoption is accelerating toward a mathematical inevitability. On TFTC, he explained Bitcoin follows a power-law curve, where its growth rate slows as it scales, unlike the exponential treadmill of traditional markets.
“While the stock market speeds up, Bitcoin’s power law growth slows down as it reaches global scale. These two curves are projected to collide between 2035 and 2040.”
- Matthew Mežinskis, TFTC
That collision point, which Mežinskis calls the “essential singularity,” frames the current corporate building spree. The legacy system’s need for infinite expansion will hit the wall of Bitcoin’s finite reality. The infrastructure being built now - from national reserves to consumer credit - is for the world on the other side.
