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- đ§ Bitcoin will outperform altcoins. Here's why.
đ§ Bitcoin will outperform altcoins. Here's why.
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Good morning - Arsen here. â
Welcome back to Bitcoin Therapy. A newsletter where we spoon-feed you the tastiest Bitcoin stories of the week.
First, happy and relaxing Sunday to 4,610 patients reading today. đ
Itâs 10 am here, and Iâm enjoying my coffee (black, of course).
I just finished working on my garden, half marathon training is going well, and Craig Wright is officially ruled ânot Satoshi.â
What else could you ask for?
Alright, hereâs what I got for you this week:
5 things to watch this week đ
Why Bitcoin will outperform your sh*tcoins đ©
Craig Wright officially ruled ânot Satoshiâ đ
Estimated read time: 2 minutes and 37 seconds
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5 THINGS TO WATCH THIS WEEK
1/ Bitcoin is now more valuable than Silver
âMove b*tch, get out the way.â đ”
Bitcoin went from a niche plaything for neckbeards â> to the 8th largest asset in the world.
Let that sink in.
2/ Bitcoin is now worth the same as the annual income in Denmark
Yes, Denmark is a real country. Theyâre like Finland but without the suicidal tendencies.
The Danes also make good money - $73,520 per year on average.
Well, Bitcoin is now officially worth more than that.
Ha, take that, you happy, handsome, and wealthy Vikings!
Whatâs the lesson here? Move to Monaco. đ°
3/ Tesla is having fun staying poor
In 2022, Tesla sold their Bitcoin.
Hereâs how both have performed since then:
$TSLA: -34%
$BTC: +232%
Now, I am no mathematician, but I think big number = better
4/ Bitcoin has outperformed Gold and S&P 500
Take a look at this chart. What do you see?
Green.
Green, everywhere.
Bitcoin has outperformed traditional assets for the last 14 years (its whole existence, basically).
The only exception was in 2021 (when Bitcoin crashed down from $69K).
5/ Peter Schiff accepts Bitcoin on his website
Well, well, wellâŠwould you look at that.
The salt maestro himself, Peter Schiff, accepts Bitcoin as payment at his gold dealership!
Iâm not surprised:
Peter admitted to regretting not buying Bitcoin in 2012 in a recent interview
Peter lost access to a Bitcoin wallet containing all his Bitcoin in 2020
Peterâs Bitcoin would now be worth $15,300 - an 800% gain
Oof x2.
Iâd be salty, too.
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BITCOIN WILL OUTPERFORM SHITCOINS (HERE WHY)
Bull market.
The time when you're glued to the Bitcoin hourly chart.
When ex-girlfriends beg to take them back.
When you think youâre hot sh*t and everyone else has an IQ of 75.
No? Just me?
Anyways. Thereâs a saying, âCream rises to the top, but also, poop floatsâ
Unfortunately, the same applies to Bitcoin and other cryptocurrencies
Literally EVERYTHING goes up in a bull market. Even âShiba Pump Moon Degen Coinâ.
BUT, not all gains are created equal. In fact, some âgainsâ are not even real.
This is why you have to look at how assets perform against Bitcoin.
Check this out đ
Out of 200 top cryptos⊠*checks notes*âŠonly 39 have outperformed Bitcoin.
So that 150% return you made on âShiba Pump Moon Degen Coinâ was actually -20% when you measure it against Bitcoin
Repeat after me:
Donât: track your returns against the US Dollar
Do: track your returns against BTC
Whatâs the lesson here? Youâre better off just hodling Bitcoin instead of gambling on dog coins.
CRAIG WRIGHT OFFICIALLY RULED âNOT SATOSHIâ đ
Craig Wright.
This is the last time you hear that name in my emails.
The six-week Craig Wrigh vs. COPA trial in London has come to an end.
Hereâs what the Judge ruled:
CSW is not the author of the whitepaper
CSW is not Satoshi
CSW is not the creator of Bitcoin
CSW did not author the Bitcoin software
This is a massive W for the Bitcoin community.
The biggest bully in Bitcoin has been eliminated and ridiculed out of relevance.
Remember the âWe are all Satoshi, except the Craig Wrightâ meme from a few years back?
Well, the meme became a reality: Craig Wright is the only person on the planet legally declared NOT Satoshi. Lmao.
Welcome to law, loser.
QUICK NEWSâĄ
Biden wants to introduce a 30% tax on Bitcoin miners. He already proposed this last year, but looks like he forgot thatâŠclassic Biden.
Donald Trump acknowledges Bitcoin and calls it an 'additional form of currency.' Orange man likes orange the coin.
El Salvador moves all of its Bitcoin (5,276 BTC) to cold storage. Location? A physical vault within El Salvadorâs territory.
THIS WEEK IN A MEME đ
FROM THE ARCHIVE đ
PATIENT REVIEW đ§
MY FAVORITE BITCOIN TOOLS đ
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CryptoCloaks - These guys have all the cool sh*t you need want. They make 3D-printed cases for hardware wallets, nodes, merch, and stickers. Anything you want - CryptoCloaks got them.
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*These are affiliate links, which means I earn a few sats when you buy from them. I personally use or have used all of these tools
Thatâs it for this oneâbig thanks to Wasabi Wallet who allow us to write Bitcoin Therapy. You support us by supporting them â€ïž
This newsletter isn't free. The ONLY payment I want is for you to share this email with a bitcoiner.
It only takes 5 seconds, but it means the world to me. Thanks!
See you next Sunday,
Arsen
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