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Welcome back to your weekly Bitcoin Therapy. We’re like Grandma’s cookies. You can taste others but always return for the best.

First, happy Sunday to 1,886 of you reading today.

You might’ve noticed (probably not) that the font is bigger in this week’s edition. Some of you mentioned that you’d like that. So, we increased it :)

Also, my friend Alain launched an in-person Bitcoin-only course in Zürich. Check it out if you’re interested.

Alright, let’s get to the good stuff.

Here’s what we got for you this week:

• 4 bullish indicators you need to pay attention to

• CBDCs are coming near you. Brace yourself.

• Larry Fink goes from Bitcoin H8ter —> Fangirl

Estimated read time: 2 minutes and 50 seconds

4 BULLISH INDICATORS YOU NEED TO PAY ATTENTION TO

1. Bitcoin addresses with over 1 BTC at all-time-high

There are now 1 million addresses with at least 1 Bitcoin each.

The biggest contributor to this are the ‘Shrimps’. No, it has nothing to do with how endowed they are. Shrimp = addres with less than 1 BTC.

The Shrimps are a lot more Chad than they sound. Here’s why:

1. They’ve bought at a rate of ~33,800 BTC per month

2. The Bitcoin issuance is ~27,000 BTC per month

3. Yup, you counted right. They’re taking 125% of the monthly supply off the market - deep into cold storage

The Shrimps (okay, now I’m getting hungry) haven’s stacked this hard since 2017 top.

This is what conviction looks like…

2. Bitcoin dominance

Bitcoin dominance is over 50%. The first time this has happened since April 2021. Nature is healing…

While this is bullish, it’s a bit misleading. THE REAL bitcoin dominance is ~95%.

“What, wat?”

Yup, it’s simple: You calculate Bitcoin's market share among proof-of-work coins (that attempt to be money). This excludes ICOs, stablecoins, and proof of stake coins.

Now you know. Thank me later.

3. Bitcoin has two positive quarters in a row

Don’t sleep on this - this is the first time this has happened since 2021:

• Q1 2023 - 71.77%

• Q2 2023 - 7.19%

Do you hear the bulls, anon?

4. MicroStrategy buys an additional 12,333 BTC

Guys, I feel like I’m stuck in eternal déjà vu…

Michal “Chad” Saylor paid $347 million cuckbucks to acquire another batch of bitcoin. This is the biggest purchase MacroStrategy (not a typo) has made in 741 days.

What does Chad Saylor know that we don’t (*cough potential SEC ETF decision cough*)?

MicroStrategy now holds 0.784% off ALL bitcoin. I can already imagine big Mike walking in to work on Monday:

If I’m a Shrimp, Saylor is a megalodon.

CBDC = SLAVE TOKENS

No, CBDC is not a cousin of BDSM.

CBDC = Central Bank Digital Currency

Now, what do all countries have in 2023?

• Traditional dish

• Flag

• National anthem

• Neighboring country they hate

• …and a CBDC

The US is not an exception. They call theirs “FedNow” - and it will launch in a few weeks.

What does this mean for you?

• Increased financial surveillance and control (bye-bye Pornhub subscription)

• Capital controls (wanna send money abroad? F*ck you)

• Carbon footprinting (i.e., they can limit your purchases, loans, transfers, etc., based on how much CO2 you’re consuming)

So yeah, they’ve have called it “FedWatchesYouNow”

Anyways, you have two options:

1. Freedom money that protects your wealth from debasement

2. Slave tokens enabling dystopian social credit future

The choice is yours.

But don’t be bamboozled; they will try to paint CBDCs as something that does not infringe upon your rights. They want to control you.

Remember: CBDC is a desperate last attempt to keep you in their dying system. Opt out, buy bitcoin

BLACKROCK CEO IS A BITCOIN BULL

Larry Fink finally came out of the closet! Are you old enough to remember this? 👇

• Larry in 2017: “Bitcoin is an index of money laundering”

• Larry in 2023: “Bitcoin is digital gold”

Fox Business recently interviewed Larry. Here is what the TradFi guru had to say about Bitcoin:

• It’s digital gold

• It’s an international asset

• It can revolutionize finance

• It’s a hedge against inflation

• Ethereum is digital sh*t

Okay, maybe he didn’t say the last one. But still, this is huge.

Anyways, let’s take a moment of silence for Larry’s no-coiner fangirls. I can feel the salt from here…

Thanks for pumping my bags too, Larry!

TLDR: Bitcoin > Gold

What we recommend (free)

• The Bitcoin Breakdown - has quickly become one of our favorite Bitcoin newsletters in space. You can check it out here

  Written by an actual alien 👽

• International Intrigue - a great source on what’s happening in geopolitics. We only cover Bitcoin news on this rag and leave the geopolitics to the pros. You can check it out here

This week in a meme

From the archive

Still gives me goosebumps…

That’s it for this one.

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See you next Sunday,

Bitcoin Therapy Team

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