šŸ§  Top 6 most savage Bitcoin moments

and orange man + orange coin = good

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Good morning patient - Arsen here. ā˜•

Welcome back to Bitcoin Therapy - the newsletter thatā€™s as smooth as high-quality tequila, never a bad aftertaste.

First, happy and relaxing Sunday to 8,151 patients reading today. šŸ‘‹ 

Sipping on some filtered H20 because your boy needs to stay hydrated to think of all the dumb jokes youā€˜re about to read.

Alright, hereā€™s what I got for you this week

  • Okay, now Trump REALLY likes Bitcoin ā¤ļø

  • Top 6 most savage Bitcoin moments (#2 is wild) šŸ”„

  • One reason why every company should adopt Bitcoin (with proof)

Estimated read time: 3 minutes and 31 seconds

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Alright, letā€™s Bitcoinā€¦

OKAY, TRUMP REALLY LIKES BITCOIN

Itā€™s Wednesday morning. I woke up with neck pain and a stuffed nose. Iā€™ve also run out of coffee. Itā€™s starting to look like a bad morning.

But it all changed when I opened my phone and saw this:

No, your eyes are not lying: the former (and potentially next) President of the United States said:

  • Bitcoin is ā€˜our last line of defense' against the CBDC

  • The remaining Bitcoin should be made in the US

  • Bitcoin will help the US become energy-dominant

And before someone screams, ā€œHeā€™s just pandering for votes!!1ā€.

Yes, thatā€™s true. Welcome to politics.

If you think like this, youā€™re missing the forest for the trees: bitcoin is a large enough movement with capital and political influence to pander to.

Most bitcoiners have mentally checked out from the political system. This makes many of them single-issue voters.

You endorse Bitcoin = you get my vote.

Weā€™re a few steps away from a possible full send mode.

Why? Because when America goes all in, the rest follow.

The nation-state game theory is playing out in front of your eyes. šŸæ

TLDR: Orange man + orange coin = good

And this is what youā€™ll be blessed with for the next 4 years:

ā€œBitcoin has hit $1 million dollars today. One. Million. Dollars, folks. Unbelievable, right?! Weā€™re talking about wealth creation like youā€™ve never seen before. This is what happens when you elect Donald J. Trump as your president. Iā€™m making America rich again, believe me. But not the Democrats, no way. They hate Bitcoin. Theyā€™re having fun staying poor, folks. Isnā€™t that wonderful? We love seeing those nasty Democrats staying poor. They canā€™t get their grubby hands on your money when itā€™s in Bitcoin. Bitcoin is soaring because of Trump. People are saying I sent Bitcoin to the moon. Some are even saying Iā€™m more important to Bitcoin than Satoshi. How about that?ā€

šŸ›‘AVOID THIS BITCOIN MISTAKEšŸ›‘

PLS STOP STORING YOUR BITCOIN ON PAPER/ONLINE.

I will die on this hill.

Why? Because securing your generational Bitcoin wealth on paper or online is dumb.

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Thanks for the support! ā¤ļø

TOP 6 MOST SAVAGE BITCOIN MOMENTS

Have you ever been burned so bad you had to move to another town and start using your middle name? Well, these guys have.

Here are the top 6 most savage Bitcoin moments:

1/ Ben Carman schools a gold bug šŸ”„

"Self-custody is hard!!1"

Ben Carman: hold my beer šŸŗ

For the 9594th time self, custody is not hard; Foundation Devices make this easy-peasy lemon squeezy.

2/ Saifedean Ammous demolishes a Bitcoin hater šŸ”„

Saifedean Ammous, the author of the Bitcoin bible ā€˜The Bitcoin Standard,ā€™ is a man of many talents:

  1. He writes amazing books

  2. Counsels the heads of state on Bitcoin

  3. Eats Bitcoin critics for breakfast

3/ Adam Back destroys Luna founder Do Kwon šŸ”„

Adam Back is a Bitcoin OG. He is one of the few people mentioned in the Bitcoin Whitepaper and directly spoke with Satoshi.

And Adam Back is a pretty laid-back dude, except when it comes to crypto scammers.

Here, Adam casually destroys Do Kwon, the creator of Luna ā€œstablecoinā€ that imploded in May 2022:

4/ CryptoGraffiti pranks First Republic šŸ”„

Remeber when First Republic, a US bank, had a bank run?

Thatā€™s when a bitcoin activist artist, ā€˜cryptograffitiā€™ pulled this legendary move:

5/ McDonaldā€™s roasts crypto bros šŸ”„

June 2022. Thereā€™s been a massive price dump across the market.

ā€˜WAGMI!ā€ screams turn into sobbing. Crypto bros are at their lowest.

And thatā€™s when the McDonaldā€™s social media intern strikes:

6/ā€œPretty sure weā€™re both centralizedā€

This one is pretty self-explanatory.

Good job, blockchain(.)com intern. šŸ¤šŸ»

HEREā€™S WHY EVERY COMPANY SHOULD ADOPT BITCOIN

*sobbing quietly*

Oh, hey there. No, Iā€™m not sad. These are tears of joy.

Weā€™re seeing corporate Bitcoin adoption happen right in front of our eyes. And you, dear reader, got yourself a front-row seat!

Letā€™s take a look at 3 publicly listed companies that adopted bitcoin and where theyā€™re now:

1/ Semler Scientific

  1. The healthcare company announced a $40M Bitcoin purchase on May 28th (this is a wild amount for a company that itself was worth $130M at the time)

  2. Bought an additional $17M bitcoin + selling their own stock to buy more later

  3. Semler Scientific stock is up ~76%. šŸ«”

2/ DEFI Technologies

  1. This Canadian web3 company bought 110 Bitcoin

  2. The stock price went up ~100% šŸ«”

3/ MetaPlanet

  1. The small $15M Japanese company bought $6M Bitcoin and adopted Bitcoin as the main treasury asset

  2. Today, the company has tripled in valuation and owns 141 BTC

Let me recap:

  • Semler Scientific = 70% šŸ“ˆ

  • DEFI Technologies = 100% šŸ“ˆ

  • Meta Planet = 400% šŸ“ˆ

And this, ladies and gentlemen, is whatā€™s called ā€˜The Bitcoin Effectā€™.

Companies are starting to realize that putting Bitcoin on their balance sheets is a massive cheat code.

PS: If you know a company that wants to buy Bitcoin in Europe, we at Relai Business can make it happen (I work there). šŸ¤

THINGS I FOUND INTERESTING šŸ“–

  • Mexicoā€™s third richest man, Ricardo Salinas, doubles down on Bitcoin as a reserve asset. Ā”Vamos MĆ©xico!

  • European Union: ā€˜Lightning Network might pose a problem for law enforcement investigationsā€™. Good.

  • Billionaire investor Bill Miller: Bitcoinā€™s value is ā€˜multiples above the current priceā€™

THIS WEEK IN A MEME šŸ“…

FROM THE ARCHIVE šŸ“

ā€œWikileaks has kicked the hornetā€™s nest, and the swarm is headed toward usā€

One of the last messages from Satoshi before he disappeared. šŸ˜”

PATIENT REVIEW šŸ§ 

Thatā€™s it for this oneā€”big thanks to Stamp Seed who allow us to write Bitcoin Therapy. You support us by supporting them ā¤ļø

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It only takes 5 seconds, but it means the world to me. Thanks!

See you next Sunday,

Arsen

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