$5 Million Bitcoin? FASB & Fed Pivot - (a Swan original video) with Hurley
TL;DR: Michael Saylor's forecast for Bitcoin reaching $5 million may be closer as one of his three key conditions, the FASB's adoption of fair value accounting for Bitcoin, has been met.
Dear Bitcoiners,
Two years ago Michael Saylor listed three things that need to happen for Bitcoin to blow past the market cap of gold on its way to $5 million per coin. This upcoming week one of those three things happened when the Financial Accounting Standards Board (FASB) adopted fair value accounting rules for Bitcoin.
With multiple ETF approvals imminent, all-time high gold prices, a potential Fed pivot and the return of the money printer, could Saylor's prediction come true in 2024?
Tick tock next block,
Cory Klippsten
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“Bitcoin has come much further and much faster than people expected. There was a saying in the early dot.com era about “Internet time,” and bitcoin time seems to be moving even faster.”
- Adam Back
Job of the Day
The Company
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Event of the Day
Bitcoin Freedom Festival, by Bitcoin Jungle
Uvita, Costa Rica
January 18-20th, 2024
The Bitcoin Freedom Festival offers a whole host of activities that will captivate and inspire you, regardless of whether you're a newb to Bitcoin or an experienced OJ pleb including a daily market with local organic fruit vendors, artisanal crafts, art, live music, and more, all purchasable with the Bitcoin lightning network.
Independent Bitcoin and Nostr merchandise creators can sell their products for free at the festival's pop-up market.
Expert healers offer massage, cold plunge, and bio-scan treatments. The festival is in Costa Rica, known for its jungle and plant medicines. Additional activities include obstacle courses, yoga, workshops, and a beach party. Uvita offers beach and adventure activities, and deep-sea fishing is available in the Bitcoin Jungle.
Check out this 90-second trailer from last year’s Bitcoin Freedom Festival event.
Thank you,
Swan Team
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