TD₿: Bitcoin Dumps to $56K as the FED Spooks Markets! - (a Swan original series) with Dante Cook
TL;DR: When in doubt. Just zoom out!
Bitcoin was dumped to as low as $56K earlier this morning as the expected hawkishness from the Fed spooks markets. In the last 24 hours, $450 million was liquidated.
Dante examines Bitcoin's price action in bull markets to determine whether 20% drawdowns are new. Plus, we also zoom out to examine the catalysts driving Bitcoin's long-term potential and why alternative investments just don't stack up.
Enjoy!
Tick tock next block,
Cory Klippsten
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Welcome to Bitcoin: 101 Series
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Quote of the Day
“First step to understanding Bitcoin: admitting you don't understand Bitcoin. Final step: realizing that "understanding" is a moving target.”
- Jameson Loop
Job of the Day
The Company
The mission at Satoshi Energy is to enable every electric power company to utilize Bitcoin to accelerate progress toward a world with decentralized sound money and abundant, sustainable energy.
The company was founded in 2018 on two premises: 1) energy companies will leverage Bitcoin mining to support investment in low-cost sustainable energy, and 2) energy companies operating in 24/7 power markets will benefit from 24/7 real-time financial settlement.
Today, Satoshi Energy is a market leader connecting nearly 2 gigawatts of renewable energy assets with Bitcoin mining data centers under novel contract structures while building tools to enable energy companies to transact in Bitcoin. In the future, they envision every kilowatt-hour streamed to an energy consumer will be settled instantaneously with a payment streamed to the energy producer.
The Role
As a Project Development Manager, you will join a small, focused team of Bitcoiners, engineers, and energy experts and be responsible for owning and driving our project development workflow. You will develop a pipeline of projects in new power markets by leading diligence activities, including vetting a project’s technical, financial, environmental, and permitting requirements.
You will work across the organization and be responsible for communicating effectively with our customers and other stakeholders to bring these projects to life.
As Satoshi Energy grows, you will be instrumental in helping to build the team, drive the company strategy, and build a more decentralized and sustainable future.
Your Day To Day
Develop project plans, complete projects on time and budget, and manage team activities.
Work and communicate collaboratively with landowners, consultants, and engineering firms to meet project deadlines and milestones.
Work on internal team efforts to conduct project RFPs for energy companies.
Organize and maintain internal systems and project management tools.
Support the creation of our site prospecting workflow and development strategy.
Research and deeply understand various energy markets and regulatory requirements to bring interruptible data center projects to life.
Lead projects by inspiring respect and trust, providing vision, and mobilizing others to fulfill the vision.
Requirements
Minimum of 5 years experience developing utility-scale energy projects or energy storage projects.
Bachelor's degree in a relevant field (Engineering, Business, Environmental Studies, etc.).
Demonstrated success in developing utility-scale projects in multiple markets.
Demonstrated knowledge of utility-scale energy project and/or storage project value proposition, engineering design, and fundamentals.
Demonstrated knowledge of power sales arrangements, including PPA structures, retail agreements, and energy markets.
Demonstrated experience with land lease contracts, general permitting, interconnection, and other entitlements required for a renewable energy generator project.
Strong communication skills and ability to communicate complex technical matters verbally and in writing.
Strong organizational skills and attention to detail.
Demonstrated experience with project management tools.
Self-motivated with the flexibility and willingness to work on various initiatives simultaneously and prioritize effectively.
Pushes the boundaries of what is possible (first principles thinker) and takes initiative on new tasks.
Desired Skills and Experience
Obsession with sustainable energy and sound money.
Experience successfully managing multiple projects in a fast-paced environment.
Knowledge of substation designs.
Knowledge of the Engineering, Procurement, and Construction stages of infrastructure development.
Engineering, finance, and/or project management background.
Battery development experience.
Experience in capacity markets and ancillary services markets.
SPP/MISO development experience.
Experience with Python, R, or other modeling languages and GIS modeling.
Company Culture
We are free thinkers, believe in meritocracy, challenge assumptions meticulously, and don't get overly emotional if we're wrong.
We believe in providing freedom and responsibility to foster a growth culture based on trust, transparency, and teamwork.
We encourage each other to seek discipline and focus in all aspects of life so that we can always perform at our best on the job.
We are a distributed team on a mission to build decentralized global power markets.
Benefits
Bonus plan, 401k, and equity participation.
Medical, Dental, and Vision.
Unlimited PTO.
Company gatherings in fun places - the best of being fully remote while still coming together regularly!
Benefits vary for international applicants.
Not your particular skill set? Check out all the Bitcoin Jobs at bitcoinerjobs.com.
Event of the Day
Bitcoin 2024 - Nashville
Music City Center
July 25th - 27th, 2024
Connect with the best and brightest in the Bitcoin community at the Bitcoin 2024 conference! Scheduled for July 25-27, 2024, at the Music City Center in Nashville, TN, this event is a must-attend for anyone interested in the future of this transformative digital currency.
What to Expect: Expert-led presentations, engaging panel discussions, and numerous networking opportunities. Highlights include cutting-edge insights into Bitcoin innovation, adoption trends, and the much-anticipated halving event.
Kickoff Party: The festivities begin with a 12-hour all-inclusive "Pleb Party," where attendees will mingle with notable figures from the Bitcoin scene.
Tickets: A range of ticket options are available, from general admission to VIP packages with premium seating and exclusive amenities. Additionally, there's a unique offer for students, providing free entry to foster education and participation among the youth.
Organized by: BTC Inc., known for its pivotal role in the community through Bitcoin Magazine.
Don't miss this premier gathering in the heart of Nashville — a pivotal moment for enthusiasts and professionals driving the next wave of Bitcoin innovation!
Join Swan at the Swan Pleb Party. More details soon.
Not in town for this? Check out all the Bitcoin events at bitcoinerevents.com.
Meme of the Day
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