The phrase 'This Is Good For Bitcoin' emerged from early cryptocurrency forums like Bitcointalk as a sincere expression of optimism by early adopters. Over time, it evolved into a powerful sarcastic trope used to mock 'Bitcoin maximalists' who attempt to spin every piece of news—including exchange hacks, regulatory crackdowns, and massive price crashes—as a net positive for the network's long-term health. The meme highlights the cult-like resilience of the community and is frequently used on social media platforms like X and Reddit whenever the crypto market experiences volatility or scandal.