TD₿: Bitcoin All-Time High Incoming? - (a new Cafe Bitcoin episode) with Brady Swenson and John Haar
TL;DR: The bull run is just getting started!
Hey Bitcoiners,
In the latest episode of Cafe Bitcoin, hosts Brady Swenson and John Haar discuss Bitcoin's recent price action and reflect on their experiences through previous bull and bear markets.
They also dive into Florida's Treasurer recent proposition for the creation of a Bitcoin reserve for the state and advocating for Bitcoin in Florida state pensions.
Enjoy!
Tick tock next block,
The Swan Education Team
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Quote of the Day
“If you're not obsessed with Bitcoin then you don't understand what Bitcoin is.”
- John Vallis
Job of the Day
Chief Executive Officer / Chief Operations Officer
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Full Time
Business Operations / Mining
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In the Headlines
Florida CFO Pushes for Bitcoin in State Pension Funds Amid Growing Interest in Crypto Nationally
Florida’s CFO, Jimmy Patronis, has requested a feasibility study from the State Board of Administration on investing part of the state’s pension funds in Bitcoin, viewing it as a “digital gold” hedge against other asset classes.
Patronis’s proposal follows remarks by former President Donald Trump at the Bitcoin 2024 conference, where Robert Kennedy Jr. and Trump suggested creating a national Bitcoin reserve from seized assets. Patroni’s also proposed a Digital Currency Investment Pilot Program under the Florida Growth Fund to explore Bitcoin’s potential role in the state’s retirement portfolio.
MicroStrategy Announces $42 Billion Fundraising Plan to Expand Bitcoin Holdings
MicroStrategy reported a quarterly loss, with revenue down 10% year-over-year to $116.1 million. This missed analyst expectations and resulted in a net loss of $340 million.
Despite this, MicroStrategy announced its ambitious “21/21 Plan” to raise $42 billion over three years to buy more Bitcoin, split equally between $21 billion from equity raises and $21 billion from fixed-income securities.
CEO Pong Le stated that the additional capital will increase Bitcoin reserves, aiming for higher BTC yield as part of the company’s long-term treasury strategy.
Reddit Sells Off Majority of Its Bitcoin Holdings Ahead of 'Uptober' Rally, Shifts Stance on Digital Assets
It was disclosed Reddit recently sold nearly $6.9 million of its digital asset holdings, mainly Bitcoin and Ethereum, according to a Q3 SEC filing.
Initially purchased for “treasury purposes,” Reddit now states that future crypto investments will require board approval and be limited to Bitcoin, Ethereum, or digital assets deemed “likely not a security.”
On This Day in Bitcoin History
2008 - The Bitcoin whitepaper was published by Satoshi Nakamoto to a cryptography mailing list
The Bitcoin Whitepaper was originally published on the 31st of October, 2008, by an individual or a group of people who called themselves Satoshi Nakamoto in a cryptography mailing list on a platform called Metzdowd.
Swan Shortie of the Day
Event of the Day
Bitcoin MENA 2024
Dates: December 9-10th
Location: Abu Dhabi
Bitcoin MENA is a major event focused on Bitcoin, specifically targeting the Middle East and North Africa (MENA) region.
The conference, set to take place in Abu Dhabi from December 9-10, 2024, will bring together global leaders, institutional investors, and enthusiasts from the Bitcoin community to explore opportunities, innovations, and challenges related to Bitcoin's growing influence.
Bitcoin MENA will feature keynote sessions, panel discussions, workshops, and networking opportunities, covering key topics like mining, finance, and emerging trends.
Not in town for this? Check out all the Bitcoin events at bitcoinerevents.com.
Meme of the Day
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