Today’s email is brought to you by Zellix - a simple way to buy anything on Amazon with Bitcoin.

Your first Bitcoin purchase with Zellix is FREE (valid between 7/28-7/29).

MEET THE BITCOIN LEGEND WHO LOST 260,000 BITCOIN

Meet Kevin Day.

A Bitcoin OG who bought 260,000 Bitcoin for $0.01 each…

…only to lose it all a few hours later.

It’s quite tragic, actually.

Kevin lost $5 million overnight, through no fault of his own.

Here’s the story 👇

Kevin discovered Bitcoin in 2011 when it was only $1.

He saw Bitcoin’s potential and did everything he could to acquire more.

He signed up to Mt.Gox, the only available Bitcoin exchange at the time.

On June 19, 2011, the gods smiled at Kevin as he got the opportunity of a lifetime.

Kevin witnessed a Bitcoin crash from $17 —> $0.01 in a matter of minutes:

While others were panicking, Kevin grabbed his steel cojones and pressed "BUY”.

The result? He bought $3,000 worth of Bitcoin for $0.01 each.

This resulted in Kevin acquiring 260,000 Bitcoin. For $3000.🤯

When the price bounced back, Kevin found himself staring at a $5 million balance on his trading screen — a whopping 166,000% increase. Cue visions of yachts, private islands, and gold-plated toilet seats.

At this point, you’re probably assuming that Kevin took the profits and drove off into the sunset.

But here's the twist: Mt.Gox didn’t approve of Kevin’s early retirement plans and pressed ‘DELETE’ on his trade.

Poof. It’s like it never even happened.

It turns out that the flash crash was caused by a hack on Mt.Gox. The hacker sold the coins and crashed the market.

Mt. Gox announced it would ‘roll back' trades that occurred during the flash crash, including Kevin’s.

Instead of 260,000 Bitcoin, Kevin now had 0. Nada. Zilch. Less than the amount of toilet paper in a public toilet.

The Mt. Gox users were furious. After all, these were legitimate trades.

Ultimately, Kevin managed to withdraw only 643 Bitcoin — the maximum allowed by Mt.Gox.

People blamed Mt.Gox. Some even blamed Kevin for “stealing Bitcoin” or even being behind the hack himself.

And we never found out who was behind the hack.

But Kevin and bitcoiners learned a valuable lesson: don’t leave your Bitcoin on exchanges.

Self-custody your Bitcoin with Passport + Stamp Seed, and thank me later.

AMAZON NOW ACCEPTS BITCOIN

Well, almost.

Guess what? I’ve just discovered a way to buy ANYTHING on Amazon with Bitcoin.

And as an Amazon power user addict who is also irresponsibly all in Bitcoin (my bank account thinks I'm nuts), this is a lifesaver.

It’s called Zellix - a website where you can buy anything on Amazon with Bitcoin.

It has 4 super simple steps:

1. Find your product: Search on Amazon for the product you want to buy

2. Copy and paste: Add the product link into the search box in Zellix

3. Go to checkout: Go to checkout and confirm the order

4. Pay in Bitcoin: You’ll see a Bitcoin invoice pop up - pay it with your Bitcoin wallet of choice

And voilà - your order has been placed on Amazon. 🤝

My favorite part? You can make your order anonymous on Zellix. So, those 3 AM impulse buys are your little secret.

And as a reader of Bitcoin Therapy, your first purchase is FREE (valid between 7/28-7/29)!

Happy shopping! 🛍️

DO NOT SELL YOUR BITCOIN ❗❗❗

DO NOT SELL YOUR BITCOIN.

This is what I chant to myself every morning in front of the mirror.

Why? Because the next 12-18 months should be pure bull fuel for Bitcoin.

Here are 5 reasons why you should not sell your Bitcoin:

1/ Less than 30 days until the end of Mt.Gox drama

Mt.Gox, the Voldemort of Bitcoin.

The once-golden child of Bitcoin is now a constant source of FUD.

The exchange went bankrupt in 2014, dragging its users’ funds down with it.

And every time there’s a mention of Mt.Gox, investors get their panties in a twist and panic sell.

The reason? Mt.Gox case involves a whopping 140,000 BTC ($9 billion) of customer funds.

And as you’re reading this. Mt.Gox Trustee has started repaying users (who have effectively been forced to hodl for 10 years).

Someone even made a tracker for the Mt.Gox addresses. Check it out:

The good news? The repayments should be done in less than 30 days.

2/ Bitcoin spot ETFs are just getting started

Need proof? Here’s why you should be bullish on the Bitcoin ETFs:

• BlackRock’s Bitcoin ETF (IBIT) has surpassed now Nasdaq ETF $QQQ inflows this year (making it the most successful ETF launch ever)

• Bitcoin ETFs have accumulated almost 1 million Bitcoin (that’s 1/21 of the total Bitcoin supply) 🤯

• Financial giants Morgan Stanley and Wells Fargo plan to add the ETF to their platforms next month. The big dogs are coming…

3/ Trump is going to get elected in <100 days

Look, I hate politics.

But you can’t deny he’s made some bold Bitcoin promises.

First, he beats Kamala Harris. Then we see if he is a man of his word.

4/ We are 1.5 years into the bull market

Usually, the bull markets last for 3 years.

That means we still have another 1.5 years until ATH.

Check this out:

5/ Michael Dell is turning out to be a big Bitcoin bull

Michael Dell has been dropping Bitcoin hints on his X account like breadcrumbs.

Is he buying Bitcoin? Who knows.

But what I do know is that:

• He is worth 20x more than Michael Saylor.

• His company holds $31.43 Billion in cash

Still thinking about selling your Bitcoin?

Think again.

RFK’S 4 BIG BITCOIN PROMISES

This wasn’t on my 2024 bingo card.

Robert F. Kennedy just performed a political ‘hawk tuah’ to Bitcoiners.

During his speech at the Bitcoin 2024 conference, RFK promised 4 executive orders if he gets elected:

1/ “I will sign an executive order directing the US Treasury to purchase 550 Bitcoin daily until the US has built a reserve of at least 4 million Bitcoin”

ELI5: RFK plans to own 19% of the whole Bitcoin supply, lol.

Good luck with that, Bobby.

2/ “I will sign an executive order directing the DOJ and the US Marshals to transfer the approx. 200K Bitcoin held by the US government to the US Treasury, where it will be held as a strategic asset”

ELI5: the USA will join the hodl gang!

3/ “I will also sign an executive order directing the IRS to issue public guidelines stating that all transactions between Bitcoin and the US Dollar are unreportable transactions.

ELI5: All Bitcoin transactions become tax-free

4/ “I will also sign an executive order directing the IRS to treat Bitcoin as an eligible asset for 1031 exchange into real property”

ELI5: Bitcoin will become legal tender in the USA

Your next vanilla latte macchiato? Yup, paid for in satoshis!

Now, let's get the obvious out of the way:

1. RFK is pandering for votes. Welcome to politics.

2. RFK is polling at 10% — he is NOT winning the election

But that's beside the point.

It‘s the message that matters. A message of a bright orange future.

And here’s a fun fact: Bitcoin has gone up by 9.5 billion % against the US dollar since its launch in 2009.

Yeah, I think Americans could use some of those gains.

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

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