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š§ 14th richest man just became a bitcoiner
and Bitcoin enters geopolitical stage
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Good morning patient - Arsen here. ā
Welcome back to Bitcoin Therapy āthe newsletter with stories juicier than a perfectly cooked steak (medium rare or nothing).
First, happy and relaxing Sunday to 8,254 patients reading today. š
Thereās never a boring week in Bitcoin - this industry is wild.
And when Hollywood finally decides to make a movie about Bitcoin, my only wish is to be played by Brad Pitt. š
Alright, hereās what I got for you this week:
The 14th richest man just became a Bitcoiner
āMurica š¤ Bitcoin (leaked documents)
3 bull signals to watch š
Estimated read time: 2 minutes and 54 seconds
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Alright, letās Bitcoinā¦
14TH RICHEST MAN LOVES BITCOIN
How do you say youāre a bitcoiner without saying youāre a bitcoiner?
Well, Michael Dell, the 14th richest man in the world, did it by posting this on X:
Now, what do you think youāre looking at?
A Cookie Monster eating Bitcoin? Nope.
Youāre looking at a rapid acceleration of corporate bitcoin adoption.
Let me explain:
Michael Dell is the CEO of Dell Technologies
He is the majority shareholder and owns 58.9% of the stock
$DELL is sitting on $6 billion in cash šø
And now he is actively posting about Bitcoin on X
Just two Mikes doinā Mikey things
Oh, and did I already say heās the 14th richest man in the world (and worth 24x more than Michael Saylor)?
If youāve read my emails for some time, you might know my superpower: I can predict big Bitcoin moves with my groin.
And let me tell you, itās tingling like no tomorrow.
Are we about to see another billionaire pull out the MicroStrategy playbook? My groin says yes.
Michael Dell didnāt become one of the richest people in the world by luck.
He knows that keeping his companyās cash reserves in USD is a bad idea.
With just $6 billion in cash and 3% inflation, Dell will lose $174 million a year. Yes, per year.
If Michael adopts Bitcoin, my next laptop will be a Dell š
AMAZON NOW ACCEPTS BITCOIN
Well, almost.
Iāve just discovered a way to buy ANYTHING on Amazon with Bitcoin.
And as an Amazon power user who is also irresponsibly all in Bitcoin (my bank account hates me), this is a lifesaver.
Itās called Zellix - a website where you can buy anything on Amazon with Bitcoin.
Itās super simple to use:
Search on Amazon for the product you want to buy
Copy and paste the product link into the search box in Zellix
Go to checkout and confirm the order
Youāll see a Bitcoin invoice pop up - pay it with your Bitcoin wallet of choice
And voilĆ - your order is now placed on Amazon. š¤
My favorite part? You can make your order anonymous on Zellix.
And as a reader of Bitcoin Therapy, your first purchase is FREE (valid between 6/23-6/24)!
āMURICA š¤ BITCOIN
Thereās panic in DC.
No, itās not because Biden got lost on his way to the White House toilet.
Itās because the Biden admin knows theyāve fumbled the bag on Bitcoin and need to fix it ASAP.
How do I know? Thanks to some leaked documents!
Allegedly, Biden admin plans to attend a Bitcoin roundtable with key congressional members.
The goal? āStrategize on how to keep Bitcoin and blockchain innovation in the United States.ā
This is the same Biden admin that:
Harassed banks into dropping Bitcoin clients
Delayed the Bitcoin ETF until the court forced approval
Made bitcoin privacy illegal by imprisoning Samourai Wallet founders
Refused to clarify securities law (while still enforcing it poorly)
Tried introducing a 30% tax on Bitcoin mining
So, why the sudden change?
Well, this is right after Trump endorsed Bitcoin and said: āI will end Joe Biden's war on crypto."
Itās obvious now: the Biden admin is scared. They realize they canāt afford not to be pro-bitcoin.
All presidential candidates (at least relevant ones) now have pro-bitcoin talking points on their agenda.
My body is ready for the $1 million Bitcoin Trump rally. š
Is yours?
3 BULL SIGNALS TO WATCH š
1/ Bitcoin volatility at an all-time low
āBitcoin is volatile!!1ā
Wrong. Bitcoin has been quite stable in 2024.
Letās take a look at Bitcoinās 60-day volatility:
2022: Swung above 100% multiple times
2024: Been below 50% all year
So, has the Bitcoin ETF made Bitcoin stable?
I like this theory. Itās what happened to me after I met my fiancĆ©e. š¤·
2/ US Congressman wants to end the Fed
Yup, my boy Thomas Massie has introduced a bill to end the Fed.
The reason? He read āThe Bitcoin Standardā.
Thomas explains his reasoning in this remarkable video.
3/ Bitcoin illiquid supply on the rise
What this means: bitcoin investors are hodling instead of trading.
This is good. Less liquidity on the market ā> Bitcoin price goes up š
THINGS I FOUND INTERESTING š
Are the central banks of Iran, Venezuela, Burkina Faso, and Bhutan loading up on Bitcoin? Big if true.
Argentinaās president Javier Milei: āIf you want to use Bitcoin, no problem.ā
New Bitcoin merch store launches š
Jordan Peterson (and a fellow internet therapist) endorses Bitcoin
Wasabi Wallet rises from the ashes! Meet Ginger Wallet. A Big W for bitcoin privacy.
THIS WEEK IN A MEME š
FROM THE ARCHIVE š
You dropped this, king š
PATIENT REVIEW š§
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See you next Sunday,
Arsen
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