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DONALD TRUMP’S BIG BITCOIN SPEECH

Well, it happened.

Donald Trump delivered his highly anticipated speech at the Bitcoin 2024 conference in Nashville last week. And boy, was it something.

The speech was 2 things at once:

1. Underwhelming

2. A historic moment for bitcoin

Yes, both can be true at the same time. Here’s what I mean:

Observation #1: Trump’s speech was a lazy and ego-oriented collection of rants and rambles sprinkled with buzzwords delivered by his trusty teleprompter.

Observation #2: This is a historic moment for Bitcoin. Bitcoin has arrived at the national presidential scene—a mind-boggling fact I could’ve never imagined when I discovered it in 2017.

Now, let’s break down the speech.

I give it a solid 7/10. Trump checked out most of the boxes pretty well.

And because you’re a busy person, here’s a TLDR of the speech:

• The US will hodl 100% of the Bitcoin in its possession

• Create a US Government strategic national Bitcoin stockpile

• Fire Gary Gensler and appoint a new SEC Chairman

• Never sell their Bitcoin, and it’s going to the moon

• Bitcoin will one day surpass the market cap of Gold

• I reaffirm my pledge to commute Ross Ulbricht's sentence

• There will NOT be a CBDC while I am President

• Bitcoin will skyrocket if I get elected

• Bitcoin is not threatening the U.S. dollar

• The US will be the Bitcoin superpower of the world

• Bitcoin represents freedom from government control

• I promise Joe Biden and Kamala Harris’ anti-Bitcoin crusade will be over

Whew.

That’s a lot of promises from the orange man.

And we also got the highly anticipated ‘Trump Pump’ — except in reverse. 😂

And a few days after Trump’s speech 2 interesting things happened:

1. The Biden-Harris admin moved its 200,000 Bitcoin (that they confiscated from Silk Road years ago) to another address

Some speculate this transfer was to sell the Bitcoin so there would be no ‘strategic reserve’ to have for Trump.

Because why else sell them? Selling this 200,000 bitcoin (worth $2 billion) would fund government expenditure for one afternoon, lol.

So, either this is an unreal low IQ move by the government…or they’re trying to sabotage Trump’s Bitcoin promise.

And to be honest, neither would surprise me.

2. Democrat politicians wrote a letter to the DNC asking the party to stop Elizabeth Warren’s anti-Bitcoin crusade

The left is starting to realize that Bitcoin is too big of a movement to ignore.

This is what winning looks like. 👑

But remember: Trump doesn’t care about Bitcoin. He only cares about what Bitcoin can do for him.

Welcome to politics.

ARE YOU READY TO LOSE ALL YOUR BITCOIN?

Scary thought, right?

And I can’t imagine anything worse than saving in Bitcoin for years…only to lose it. Nightmare fuel.

Let me ask you a question: do you think your Bitcoin setup is Fort Knox secure?

If you’re breaking into a sweat, welcome to the club. I’ve been there.

When I first discovered Bitcoin in 2017, I made more mistakes than a toddler with a crayon:

• I sent BTC to the wrong addresses —RIP, sats🪦

• Overpaid in transaction fees like a chump —RIP, sats🪦

• Sometimes just straight-up forgot to back up my wallet —RIP, sats🪦

You get the point.

This happened because no one was there to slap some sense into me. But that’s not the case today. Meet The Bitcoin Way, your very own Bitcoin IT dream team.

The Bitcoin Way team offers personalized, secure, and comprehensive solutions for EVERY aspect of your Bitcoin journey:

1. Wallet & node setup —so you don’t accidentally send all your Bitcoin to your pizza delivery guy

2. Inheritance planning to ensure your Bitcoin doesn’t die with you

3. Fast and reliable tech support 

They’re rated 4.9/5.0 on Apollo and have 25 years of cybersecurity expertise. So yeah, they’re the real deal.

PS: it’s a friendly tour, not a sales pitch. I promise. ☝️

NOW IS OBJECTIVELY THE BEST TIME TO BUY BITCOIN

500,000%.

That’s how much Bitcoin is up since the 2012 halving ($12 —> $73,000).

Those are some pretty crazy gains.

But here’s the kicker: the majority of the gains happened in 3 windows that lasted less than 2 years in total.

So, what did Bitcoin do for the other 10 years? Nothing much, really. The price was either going sideways or down.

And what do these 3 windows have in common? They all started the year after a halving;

It’s like Bitcoin’s version of “spring break,” but with less beer and more green candles.

Check this out:

So, what’s the lesson here? 

This is prime Bitcoin shopping season! 🛍️

I don’t know what the price will do. If someone tells you they do, they’re trying to sell you snake oil.

But historically, this is the best time to buy—0-12 months after the Bitcoin Halving. 👀

It’s like buying fireworks the day after the Fourth of July sale. A steal.

But I have an even better idea: stop trying to time the market, just buy weekly or monthly, and wait for the greatest bull run of your life.

Thanks for coming to my TED Talk.

BITCOIN IS OFFICIALLY A BORING ASSET CLASS

It's 2024. Bitcoin is officially boring.

Those thrilling -50% candles of death? Gone. Even -20% drops are practically extinct.

Here’s the data:

1. Between 2011-2013 - 19 corrections of over 20%

2. Between 2015 - 2017 - 17 corrections of over 20%

3. Between 2020 – 2021 - 8 corrections of over 20%

4. The biggest decline in this cycle was only -20.1%. What is this? A correction for ants?

You don’t need to be a rocket scientist to see the trend: bitcoin is getting less volatile with time.

It’s now considered a mature and attractive asset class. Yep, Bitcoin is officially a DILF asset.

Sigh. I guess I have to accept that Bitcoin is turning into one of those boring, stable assets that multi-trillion-dollar asset managers drool over.

Oh well. Pump my bags then, if you must

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

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See you next Sunday,

Arsen