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GM - Arsen here. ☕

Welcome back to Bitcoin Therapy.

First, happy and relaxing Sunday to 2,743 patients reading today. 👋 

It’s been 9 months since I started this newsletter. I never expected so many of you to read my ramblings and bad jokes 🧡

Alright, here’s what I got for you this week:

• XRP ETF is here…except it’s not

• Swedish bitcoiners are physically targeted. Thanks government!

• Bitcoin is getting ready to pamp

Estimated read time: 2 minutes and 53 seconds

FAKE NEWS. FAKE NEWS EVERYWHERE.

So, let’s talk about XRP. Here’s a list of things the eggs-are-pee army DOESN’T have:

• Brains

• Girlfriends

• and XRP ETF…

…or do they? Here’s what happened: a new ‘iShares XRP Trust’ was registered in Delaware.

Here are the deets:

• Submitted under BlackRock’s name

• It included their address, the executive’s name, their dog’s name, everything

• Every crypto news outlet jumped on this “bReaKiNg nEwS”

The result? The price of XRP pumped 14% within 30 minutes.

The XRP community (all 3 of them) was filled with joy and hopium: BlackRock is filing for an XRP ETF (just like they did with a BTC ETF)

The issue? This was fake news.

BlackRock never filed for a XRP ETF.

Someone else did and used BlackRock’s name. Lmao.

“So, who did it then?”

No idea. But whoever it was, they made A LOT of money:

1. Buy a ton of XRP

2. File the paperwork for the fake ETF

3. Wait for the XRP price to pump

4. Profit

Am I the only one surprised by how easy it is to file a fake application? Doge ETF incoming…

Anyways. The fake news spread fast thanks to “credible” news outlets who farm engagement instead of deleting the fake headlines…

This industry is a joke. Burn it all down.

SWEDEN WANTS YOU TO GET ROBBED

There’s a disturbing new trend in Sweden: bitcoiners are targeted by criminals.

Here’s the latest case:

• A middle-aged Swedish couple was tied up in their home and robbed by 4 masked men

• They were physically abused and threatened with their kitchen knives

• The couple were tied up for hours, and one had to be escorted to the hospital on a helicopter

And this is not a one-off case. Just last month, two more bitcoiners were assaulted and robbed.

How did it get so bad? Well, you can find anyone's address in Sweden just by googling. 🤡

This is part of the ‘offentlighetsprincipen’ laws, which allow ANYONE to access personal information such as addresses and tax records.

That crazy guy you see every time you go to work? Yup, he knows where you live.

Here’s how criminals use this info:

1. Find people who publicly talk about their Bitcoin holdings

2. Figure out from tax record how much they paid in capital gains taxes

The result? An easy $5 wrench attack (53 Swedish Krona wrench attack doesn’t sound as good)

And whose brilliant idea was this? Yup, the Swedish government.

The people you pay to protect you…are the ones putting you at huge risk.

“You’re a convicted murderer? Welcome to my house! Oh, and here’s how much money I made this year. You’re welcome, brother.”

Here’s how to protect yourself from these attacks:

• Don’t move to Sweden

• Don’t talk publicly about Bitcoin (I’m guilty of this)

• Use seed phrase + passphrase, and don’t keep them in the same place

• Coinjoin your bitcoin with Wasabi

Oh, and f*ck you, Swedish government. 🖕

ORWELLIAN FUTURE IS HERE

It’s 2023. Everything you do is being monitored.

That one time you ran out of toilet paper and had to choose between your socks and a T-shirt? Yup, they saw that too.

You can’t undo that incident but can achieve Bitcoin privacy by coinjoining your BItcoin.

This blog explains why it’s essential for keeping your Bitcoin private and thus SAFE.

I recommend Wasabi Wallet for this. Here’s why:

1. Beginner friendly

2. Privacy by default

3. No minimum coinjoin amounts

What are you waiting for? Take back control of your privacy and freedom.

Join 500,000+ Wasabi users by downloading it at wasabiwallet.io

BITCOIN IS GETTING READY TO PAMP

Yeah, sex is cool but have you seen these 2 bullish Bitcoin stats?

1. 80% of ALL Bitcoin addresses are in profit

This is up from 50% of addresses in profit at the beginning of the year.

Girlfriends, hello.

Oh, and to my boss reading this: I quit.

Bye Felicia!

2. Bitcoin available supply is at an all-time low

Quick fax:

• 68% of BTC hasn’t moved in over one year

• 30% of BTC hasn’t moved in over 5 years

Here’s why:

• Institutional interest

• 2024 Halving anticipation (∼21 weeks left, yay!)

• Bitcoin decoupling from stocks and bonds (seen as safe haven asset)

• Growing adoption

• My $50 weekly DCA plan at Relai (I’m doing my part!)

-

I’m not bullish. You’re bullish.

It all makes sense. The future of the world is uncertain.

Money is disintegrating.

People are waking up to Bitcoin.

QUICK NEWS⚡

• Two ex-FTX execs (try saying that quickly 5 times) are starting a new exchange called ‘Backpack Exchange’ (because that’s where they’ll be hiding user funds)

• Crypto exchange Poloniex hacked for $114M. The owner, Justin Sun, is promising a 5% bounty for returning the funds (por favor señor, mi familia..)

• Our friends at Yzer are giving away 500k sats. All you have to do is open the app and, complete the game's night lessons + finish the quiz you receive via email.

• Say hello to Bitstream. You can now host your files on Bitcoin.

THIS WEEK IN A MEME 📅

Either y’all are rich or I’m poor 🤷

FROM THE ARCHIVE 📁

When you’re feeling dumb, just remember that in 2012 someone paid 1.6 BTC for this picture of Michael Jackson with tits on a cracker.

PATIENT REVIEW 🧠

That’s it for this one. Big thanks to our sponsor Wasabi Wallet who allow us to write Bitcoin Therapy.

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See you next Sunday,

Bitcoin Therapy Team

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