TD₿: A $100 Billion Wave Is Coming for Bitcoin - (a Swan Signal Live segment) with Steven, Brady John and Jason
TL;DR: Corporate adoption of Bitcoin is accelerating. With MicroStrategy’s playbook going mainstream; the game theory behind leveraged equities and why the $100B wave is just beginning.
Hey Bitcoiners,
Corporate adoption of Bitcoin is accelerating as companies replicate MicroStrategy’s treasury strategy, using debt and equity markets to gain leveraged exposure. These moves are unlocking access to massive pools of capital previously restricted by mandate or regulation—especially from bond funds, PE firms, and international investors.
This is viewed as both a speculative arbitrage and a strategic realignment, offering institutions a new financial instrument that fits their risk and compliance frameworks. With hundreds of billions in potential inflows, Bitcoin-backed equities may soon become standard practice.
At the same time, there's growing pressure on corporate executives to reevaluate idle treasuries and adopt asset strategies that create long-term shareholder value. As more firms adopt these models successfully, those lagging behind may face scrutiny.
Though some caution that mania or misexecution could emerge, most companies so far have taken a disciplined approach. The conversation has now shifted from “if” to “how fast,” as Bitcoin adoption increasingly looks like a game-theoretic inevitability for capital allocators.
Tick tock next block,
The Swan Education Team
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Welcome to Bitcoin: 101 Series
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Quote of the Day
“We’re talking about a change in how humanity organizes itself.”
- Andreas Antonopoulos
Job of the Day
Senior Design Engineer
Anywhere Remote only
Full Time
Engineering / Financial Services
Fold makes it easy to earn, buy, sell, and live off of Bitcoin. Fold takes established consumer financial products and optimizes them for a Bitcoin future. Fold also offers an FDIC-insured checking account, a Bitcoin exchange and wallet, thousands of merchant offers, and more.
In 2020 we partnered with Visa to launch the first ever Bitcoin-rewards debit card, we recently announced a Bitcoin-rewards credit card, and we continue to launch new products at regular intervals. In February, 2025, Fold became the first publicly listed bitcoin financial services company. We’re growing like crazy with a passionate and loyal community.
About the Role
We're seeking a Senior Design Engineer to bridge the gap between design and engineering at Fold with a strong emphasis on craft, animation and component quality.
In this role, you'll lead the implementation of our design system, architect front-end solutions, and help us build a more consistent, accessible and delightful experience for our users. You'll be instrumental in building the UI foundation that allows us to shape the future of digital currency adoption and delivers delight in everyday interaction.
What You'll Do
Lead the technical implementation and evolution of our design system
Architect and build complex reusable UI components, animations and micro-interactions that balance aesthetics with technical performance
Prototype and experiment with new interaction models that push our UX forward
Collaborate closely with product designers to bring designs to life with pixel-perfect precision
Mentor engineers on design principles and implementation techniques
Contribute to improving our design-to-code workflows and internal tools
Champion accessible, responsive, and performant user interfaces
Required Skills and Experience
8+ years of experience in front-end development with a strong design sensibility
Experience with design systems and associated tooling (ex: StoryBook)
Expert-level knowledge of React, React Native and Typescript
A passion for polished, high-quality UI and consistent user experience
Strong understanding of design systems and component-based architecture
Experience implementing complex UI animations and interactions
Proven ability to translate design concepts into production-ready code
Strong communication skills to effectively collaborate with both design and engineering teams
Experience with accessibility standards and inclusive design principles
Additional Qualifications
Active Fold user or a strong interest in Bitcoin
Experience building design tools or developer tools
Background in motion design, prototyping tools or working with AI
Open-source contributions to design systems or UI libraries
What You'll Love About Us
Fold operates in the fast-growing, early stage industry that is Bitcoin. Our products and our mission are direct extensions of the financial freedom that Bitcoin represents. In addition to being part of a mission that matters, we offer incredible benefits, including:
We’re a highly collaborative, fully remote team
Flexible work schedule, including unlimited time off
Competitive salary
Equity package
401k with employer match up to 3%
Yearly vacation stipend
Comprehensive health, vision and dental insurance, including HSA and FSA accounts
Paid parental leave
Annual training and tuition allowance
Regular in-person team meetups to socialize and co-work
New to Bitcoin? We offer all our new hires a “starter pack” to get you up to speed, including learning materials about Bitcoin and your own hardware wallet.
And much, much more!
To Apply
US candidates only. Apply via Wellfound or send resume to tiffany.sawhney@foldapp.com. Candidates interested in this opportunity must have permanent legal authorization to work in the United States. Verification of employment eligibility will be required at the time of hire. Visa sponsorship, including student visas, is not available for this position.
The best way to prepare is to get familiar with our product - download our app or find us on X. Fold is an equal opportunity employer. We don’t discriminate against applicants for any reason.
Not your particular skill set? Check out all the Bitcoin Jobs at bitcoinerjobs.com.
In the Headlines
Bitcoin Surges Past $111,000 to Set New All-Time High
Bitcoin surged to a new all-time high above $111,000, reaching $111,900 before settling around $111,530—a 3% daily gain. Unlike past parabolic moves, this rally is steadier, driven by rising institutional and corporate adoption, easing U.S.-China trade tensions, and concerns over U.S. debt following Moody’s downgrade.
Despite falling equities and rising Treasury yields, Bitcoin is up 18% YTD, showing signs of decoupling from traditional markets as investors seek alternative stores of value. Strong Bitcoin ETF inflows and a 31% rise in public company holdings (now 15% of total supply) further signal mainstream acceptance.
Pro-Bitcoin U.S. policy under President Trump, including bipartisan momentum for stablecoin regulation and Coinbase joining the S&P 500, has boosted sentiment. Even JPMorgan’s Jamie Dimon now says the bank will let clients buy Bitcoin—marking a potential turning point in institutional crypto acceptance.
Michigan Lawmakers Advance Bills on Digital Assets, Energy Incentives, and State Finance Policy
Michigan lawmakers have introduced four new bills aimed at redefining state investment policies, federal currency resistance, and energy-linked tax reform. One bill would allow the state treasurer to invest pension funds in high-cap digital assets via regulated financial products. Another seeks to block state support for any form of federal centralized digital currency system, prohibiting advocacy or participation by state agencies.
Two additional measures create a program allowing private firms to repurpose abandoned oil and gas wells in exchange for temporary access to energy resources, with accompanying tax deductions for revenues generated through those activities. These proposals align Michigan with other states like Texas and New Hampshire that are moving to diversify state-held assets and link energy policy to financial innovation.
Texas House Approves State Reserve Bill, Nears Final Vote Before Governor’s Signature
Summary:
The Texas House has passed Senate Bill 21 on its final reading, advancing legislation to establish a state-managed digital asset reserve. Backed by bipartisan support, the bill now awaits a concurrence vote before heading to Governor Abbott for potential enactment.
Opposition increased ahead of the final vote, with dissenting votes rising from 23 to 42. While the bill reflects growing interest in alternative treasury strategies, the fiscal impact remains uncertain. A budget board memo noted that the size, funding, and management costs of the reserve cannot yet be estimated but may be covered by proceeds from the assets themselves.
Swan Shortie of the Day
Event of the Day
The Bitcoin Conference 2025 is scheduled to take place in Las Vegas from May 27 to May 29, 2025, at The Venetian Las Vegas. This event is the world's largest gathering of Bitcoin enthusiasts and industry professionals, featuring talks by thought leaders and industry innovators, and attracting over 30,000 attendees.
Las Vegas is also home to several cryptocurrency companies, including CleanSpark, which specializes in sustainable infrastructure for Bitcoin and aims to promote financial independence and inclusion.
Bitcoin Conference 2025: The world's largest Bitcoin event, scheduled for May 27-29, 2025, in Las Vegas.
CleanSpark: A Bitcoin company based in Las Vegas that focuses on sustainable Bitcoin infrastructure.
Las Vegas Tax Attorneys: Experts providing consultations on Bitcoin tax issues.
Tickets for the Bitcoin Conference 2025 can be purchased through Eventbrite, and the event times are from 9:00 AM to 5:00 PM daily.
Meme of the Day
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