// Secret Satoshis Newsletter
Welcome to Secret Satoshis.
What Secret Satoshis is
Secret Satoshis publishes Bitcoin market analysis for long-term investors.
Each year, we publish a Bitcoin price outlook with bear, base, and bull scenarios. We track that outlook through weekly market analysis, quarterly updates, and a year-end review of what we got right and wrong.
Following the newsletter lets you see how each week’s developments affect our market view, which assumptions still hold, and why our outlook changes.
You can also ask Agent 21, our Bitcoin-native AI agent, to help you analyze the market and answer your questions about Bitcoin, from the fundamentals to the latest news and market developments.
Our goal is to help you stay informed about Bitcoin over the long term, with analysis you can follow and data and tools you can explore yourself. Subscribe for free to follow along.
What the newsletter publishes
Each week, we review Bitcoin news and market data against the price outlook we set at the start of the year. We update our outlook quarterly and close the year with a review of the results.
Yearly Bitcoin Price Outlook
At the start of each year, we lay out our bear, base, and bull scenarios, the assumptions behind them, and the drivers we expect to matter.
These scenarios provide the reference point for the year’s analysis.
→ Start with the 2026 Bitcoin Price Outlook
Weekly Bitcoin Recap
Every Monday morning, we cover the week’s top Bitcoin stories and key market data, then set out our price outlook for the week ahead and the events to watch.
We explain what changed, why it matters, and how it affects our broader outlook.
→ Read last week’s Bitcoin Recap
Quarterly Bitcoin Price Outlook Review
Each quarter, we update our year-end price outlook, compare Bitcoin’s performance with other asset classes, and assess the economic and market forces behind it.
We identify the key developments and price levels to watch next quarter, explaining what would strengthen our outlook and what would lead us to revise it.
→ Read last quarter’s Price Outlook Review
Bitcoin Year End Review
At year end, we review the events that shaped Bitcoin’s market, compare the results with our original price scenarios, and explain what we got right, what we missed, and what it means for the year ahead.
We also review what following our Bitcoin Savings Strategy would have produced over the year, including Bitcoin accumulated, cash savings, and total returns.
→ Read last year’s Year End Review
The newsletter is entirely free. Subscribe to receive the outlook, weekly recaps, quarterly reviews, and year-end assessment in your inbox.
What Agent 21 is
Agent 21 is the Bitcoin-native AI agent built for Secret Satoshis subscribers.
It applies our research and market frameworks, reads on-chain data directly, and answers questions about Bitcoin and the market.
You can use it to:
Learn the fundamentals: work through Bitcoin concepts in plain language.
Understand our outlook: examine the scenarios, assumptions, and newsletter analysis behind our view.
Analyze the market: review market and on-chain data with charts and explanations.
Explore the blockchain: look up transactions, blocks, and addresses.
Read the Agent 21 FAQ to learn how it works and what you can use it for.
Access is currently invite-only. To join the beta, add your name to the waitlist.
Explore the data yourself
The charts, data sets, and models behind Secret Satoshis are free and open-source. Use them to examine our analysis and form your own view.
Market Dashboard
Review current Bitcoin market conditions, valuation models, and network activity in one place, updated daily.
Chart Library
Explore Bitcoin’s price, ETF flows, network activity, supply, and valuation over time. Use the interactive charts to follow the data discussed in the newsletter.
Open Data and Code
Inspect the data, notebooks, models, and code behind the research. Examine the methodology or use the work as a starting point for your own analysis.
→ Explore Secret Satoshis on GitHub
Who is behind Secret Satoshis
Secret Satoshis was founded by Trey Brunson.
Trey has a decade of experience across crypto exchanges, Bitcoin financial products, and crypto venture funds, including roles at Blockchain.com, Binance.US, 21Shares, and Tribe Capital.
He created Secret Satoshis to publish his Bitcoin research alongside the data and tools readers need to examine it for themselves.
Follow the Bitcoin market
Stay informed about Bitcoin with a long-term market view you can follow throughout the year.
Subscribe for free to receive the Weekly Bitcoin Recap every Monday morning, plus our yearly price outlook, quarterly reviews, and year-end assessment as they’re published.
See how each week’s developments fit into the broader outlook, what changes our assessment, and how our expectations compare with the results.
At Secret Satoshis, we believe understanding Bitcoin starts with education.
Our Bitcoin 101 guides explain what we’ve learned about Bitcoin and how it works.
Bitcoin Resources brings together the articles, books, podcasts, and videos that helped shape our understanding.
We’re glad you’re part of the Secret Satoshis community.
If someone in your network would find the newsletter useful, share it with them and invite them to subscribe.
