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$1.2 MILLION BITCOIN IS CONSERVATIVE (HERE’S WHY)

Today is a historic day.

Morgan Stanley is one of the biggest wealth managers in the world.

And this week, they announced that their wealth managers can recommend their clients own Bitcoin ETF.

Translation: billions $ of global wealth is likely to flow to Bitcoin.

“Does this mean I’m getting a girlfriend?”

No, probably not. But it might get you a $1.2 million per Bitcoin.

I know it sounds crazy, but hear me out.

*whips out a calculator*

1. All wealth in the world is $900T

2. If Bitcoin gobbles up 100% of that, it would be $42 million per coin. But before you pop out the champagne, this is highly unlikely (just like you getting a girlfriend)

The million satoshi question is: what is a realistic % of the wealth that will flow to Bitcoin?

Well, in the light of recent news, let’s ask wealth managers:

• Fidelity recommends a 1-3% allocation to Bitcoin

• BlackRock recommends up to 85% allocation to Bitcoin

Here’s what we get:

1. With a 3% allocation, we get $1.2 million per Bitcoin - lower bound estimation

2. With 85% allocation, we get $36 million per Bitcoin - upper bound estimation

I can live with both.

Now, this won’t happen overnight. While Morgan Stanley gave Bitcoin the green light, other wealth managers are not as eager (yet).

So, when will this happen?

Well, let’s see what the adoption S-curve says:

• 16% is the early majority (you are here)

• 50% is the late majority (wealth managers are here)

As you can see, Bitcoin is less than 5% adopted (yellow line).

We can expect the wealth managers to join Bitcoin somewhere between 20-50%.

It took the Internet over 25 years to reach a 50% adoption rate (red line). Bitcoin is currently 15 years old. 👀

The Bitcoin train will leave the station soon. The wealth managers are getting aboard.

Are you?

WHAT IF YOU LOST ALL YOUR BITCOIN?

It's estimated that ~30% of Bitcoin is lost forever.

Why? Poor seed phrase security is a big reason.

Don’t be part of that sad, sad statistic.

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• 100% offline cold storage =100% peace of mind

• Heat-resistant up to 3,000ºF (because who doesn’t want their seed phrase to survive a volcano?)

• No loose pieces - no more “where did that tiny bit go?” panic attacks

This thing is basically apocalypse-ready — get your Stamp Seed here.

The best part? You get 15% off your purchase with the code ‘THERAPY15'. 👀

BITCOIN IS DOWN 25% IN ONE WEEK. WHY?

9.21 am.

I wake up to a sunny morning, stretch, and brew myself a cup of coffee.

I open my phone to check Bitcoin.

This is what I see:

Bitcoin crashed 10% overnight and 25% in just one week.

But it’s not just Bitcoin — the whole global market tumbled.

So, what happened? Here are the best theories:

1. Fear of Iran attacking Israel and alleged large private purchases of military stocks

2. Nikkei 225, Japan’s stock market, experienced its largest two-day drop in history. This is bigger than the infamous ‘Black Monday’ crash of 1987

3. Markets crashed after a negative U.S jobs report

4. Warren Buffett’s Berkshire Hathaway dumps $75.5 billion worth of stocks and dives into Scrooge McDuck-style coin pool

But here’s my favorite theory:

That’s right: we have no idea what crashed the markets.

It could be all of the reasons above or none of them. The truth is that we never know for sure.

But what does it all mean?

1. Nothing. It was a one-off event

2. A possible WWIII is brewing with the U.S getting involved in the Middle East conflict

3. An overdue recession caused by ‘brrrrr’ is finally here

At this point, it’s impossible to know. Only time will tell.

My recommendation?

Go scoop up those cheap sats!

While the world is going to sh*t, Bitcoin is likely to emerge as an uncorrelated asset the global powers can’t weaponize.

And Bitcoiners know this — that’s why we’re seeing record buy volume at Relai.

And if you’re hearing heavy breathing, that’s just Michael Saylor salivating over how much Bitcoin he is going to be able to buy with this dip.

Oh, and use code DONTBEAPUSSY for 25% off your Bitcoin.

THE NEXT 10 MONTHS: FACE MELTING PUMPS

Do you ever feel dumb?

Don’t worry; this U.S. government decision will make you look like Einstein.

What happened? They just made a colossal mistake by selling its 10,000 Bitcoin (worth $650,000,000).

This comes only a few days after the Bitcoin Reserve Bill — a program for buying 1 million Bitcoin (approximately 5% of all Bitcoin) to match the gold reserves held by the US.

This is extremely short-sighted for 2 reasons:

1/ The US has over $35 Trillion in national debt

Let’s not kid ourselves here — this will never be repaid. It’s just a number on the screen that means nothing.

UNLESS the US government decides to get serious about Bitcoin. Here’s the super intricate 3-step playbook:

1. Buy Bitcoin

2. HODL

3. Debt? What debt?

Trump himself hinted about doing this in a recent interview.

2/ Bitcoin is getting ready for a bull market

Check this out:

I know it looks like a bunch of Skittles, but it’s more than that.

This chart measures 2 things:

1. Bitcoin Relative Strength Index (RSI)

2. Bitcoin Price

What do you notice? That’s right, Bitcoin price seems to be at an all-time high when RSI is over 80 (red dot).

Here’s ELI5:

🔴 Red dot = good

🔵 Blue dot = bad

And either I’m colorblind, or the newest dot is orange. And you know what comes after that…

This means 3 things for you:

1. The slow and steady accumulation phase is likely over soon

2. The bull market is around the corner

3. The next 10-12 months will be pure face-melting pumps (and dumps)

Are you prepared?

That’s it for this one—big thanks to Stamp Seed who allow us to write Bitcoin Therapy. You support us by supporting them ❤️

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See you next Sunday,

Arsen