Nobody said it was easy

Edited by Aubrey Jesseau

Good day Bitcoiners!

Welcome back to the Beaver Bulletin, three minutes of bitcoin signal in your inbox every week.

Bitcoin is down roughly 50% from its all-time high in October 2025. At the time, around US$126K, the mood couldn’t have been more bullish. Every analyst had a higher price target. Every model pointed up and to the right.

Meanwhile, long-time Bitcoiners, the ones who had been HODLing for years, had made life-changing wealth. Above $100K, they had all the exit liquidity they could ever want. Many coins were sold.

Bitcoin has never been a get-rich-quick scheme. Bitcoin is sound money. We’ve seen drawdowns of this magnitude before. We’ve seen leverage get flushed out, fear take over, and narratives shift from euphoria to doom practically overnight. None of this is new.

Nobody knows where we are in this cycle, or whether “cycle theory” even applies anymore. If Bitcoin has taught us anything, it’s that it does the unexpected.

What we do know is that the fear tactics are unusually effective right now. My wife’s friend texted her yesterday: “What are Shrav’s thoughts on Epstein allegedly being behind bitcoin?”

That’s the game. And the FUD is only going to get more sophisticated over time.

At Beaver, our goal is simple: help Canadians acquire Bitcoin safely and hold it in self-custody. That means staying humble. Avoiding leverage. Separating signal from noise. Working hard in the real world. And saving what you can in the hardest money ever known.

Enjoy another Saturday edition ☕

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⚖️  Market

• After dipping to CA$84K on Thursday, Bitcoin rebounds to CA$94K. Beaver Bitcoin BTC-CAD
• Bitcoin’s Fear and Greed Index is 9 – Extreme Fear. The lowest we have seen in some time. X
• After Thursday’s crash, JPMorgan says Bitcoin’s long-term appeal versus gold has improved after gold’s strong outperformance and rising volatility. X

🇺🇲 USA

• Trump says it’s time for interest rates to plummet and that economic growth will make the debt look “very small.” X
• The US Treasury buys back $2 billion of their own debt. That makes $6 billion this week. X
• “That is an asset of the US government. The asset seizure, that $1 billion of bitcoin was seized, $500 million was retained. And that $500 million has become over $15 billion.” Treasury Secretary Scott Bessent defends the US having a Strategic Bitcoin Reserve. X
• Bessent again, says the US has to get the Bitcoin & crypto market structure bill “across the finish line” this year. “It’s impossible to proceed without it.” Adding: “Any market participants who don’t want it should move to El Salvador.” X
• Senator Lummis to meet with Bessent’s office to discuss a potential de minimis tax exemption for Bitcoin and capital gains clarity. Linkedin

🌇 Institutions

• Strategy CEO Phong Le says, “Bitcoin needs to go down to $8,000 a coin and sit there for five years up until 2032 before we really have a problem.” X
• Michael Saylor announces Strategy will launch a global effort to address quantum computing risk to Bitcoin. X
• Binance adds 1,350 bitcoin worth $102 million more to their SAFU Fund. X

📈 Trending

• Musician Gene Simmons posts: “My personal philosophy re: Bitcoin is to hold (HODL). I firmly believe in the future. You need to do your own research and make your own decisions.” X
• “If you want to get me a birthday gift, buy some bitcoin for yourself.” Saylor on X
• The Bitcoin vs Gold Debate: Saifedean Ammous vs Peter Schiff. YouTube
• Breez releases BreezClaw. AI agents now move sats autonomously. Bitcoin is native internet money and the obvious choice for AI. X

🦫  Beaver Bites

• Watch 📺 The latest episode of Why Bitcoin Wins with Vince (HodlFlorida), host of The Bitcoin Broadcast, on what it takes to build conviction and starting his own Bitcoin podcast. YouTube

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With Beaver you have four ways to buy bitcoin, whether you’re buying for the first time or funding a corporate treasury.

• Instant Buy: from $150 to $20,000 via Interac e-Transfer.
• Recurring Buy: a fully automated buy from your bank account.
• Large Buy: up to $100,000 via bill payment or wire.
• OTC: for more than $100K there’s, Beaver Plaid.

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The following advice from Vijay Boyapati, author of The Bullish Case for Bitcoin, should be well received during these volatile swings.

“The hardest part of Bitcoin bear markets, for those who haven’t experienced them before, is the creeping doubt you may feel. Everyone around you may think you a fool – friends, family, the media – and you may start to believe them.

When in doubt, remember that the fundamental reasons why Bitcoin is valuable have not changed. If you need to strengthen your conviction simply revisit those fundamental reasons and realize that the market is not always rational, but eventually it will be.” X

Have a great weekend 🙏

Shravan

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The information provided in this bulletin is for informational purposes only and does not constitute financial advice.