TD₿: Bitcoin Hits $68K Resistance: Is This the Breakout Week? - (a Swan original video) with Hurley
TL;DR: Bitcoin nears a breakout at $68K amid rising volatility, with Tesla’s $760M Bitcoin move making headlines. Italy's tax hike on Bitcoin risks backfiring, while Trump's crypto token flops.
Hey Bitcoiners,
In today’s video, Bitcoin is nearing a breakout at $68,000 with increasing volatility. Tesla's recent $760 million Bitcoin transfer has sparked speculation about whether they are selling, buying, or changing custodians.
Italy has raised its capital gains tax on Bitcoin to 42%, which could drive holders to move to friendlier jurisdictions. Meanwhile, the narrative around Bitcoin's energy use is shifting as studies show its potential to address environmental issues. Bitcoin's hash rate continues to climb, reflecting stronger network security.
On the political front, Trump's World Liberty Financial token flopped at launch, raising concerns about its viability in a crypto space that has seen numerous failed projects. Despite these hurdles, Bitcoin's influence spreads globally, with growing support from prominent figures and institutions.
Enjoy!
Tick tock next block,
The Swan Education Team
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Quote of the Day
“[Bitcoin is] sort of like this peaceful Manhatten project. All the smartest people are coming together, from across languages, from around the world, to build this sovereign and arguably private money project. That's amazing.”
- Alex Gladstein
Job of the Day
Associate Partner at Private Equity Firm
Texas, United States Remote
Part Time
BTC - 3.5-4.7M (Monthly)
Business Operations / Financial Services
About Township Ventures
Township Ventures is a long-term holding company ( Private Equity adjacent ) building a portfolio of businesses to create fulfillment, build generational wealth, and make a positive impact on the community.
We are a small team of passionate Bitcoiners, entrepreneurs, and engineers who are seeking other talented, hardworking, and passionate folks to help us create a new model for generational wealth.
We buy businesses using traditional finance mechanisms and convert them to a Bitcoin standard. We put Bitcoin on the balance sheet, use human-centric design to improve operations and build the business for the last generations.
We seek to buy low-risk, cash-flowing businesses in the domains of city infrastructure, education, and physical health & wellness to fix the areas that fiat broke.
Intro to Lucas | Township Ventures
About the Position
We are seeking an ambitious professional to join our firm as an Associate Partner. You will play a pivotal role in building/managing deal flow, supporting capital raising from investors and lenders, managing investor and lender relationships, and supporting ongoing firm operations.
We are living through the early phases of the largest wealth transfer in human history, and we have the opportunity to create a massive amount of value for ourselves, our families, our communities, and the world at large. You will be critical in bringing the world onto a Bitcoin standard and accelerating the transition to hyperbitcoinization.
The position is entirely remote. The team is based in Austin & Houston, TX.
Primary Responsibilities
Deal Flow Management: You will support deal flow by reviewing opportunities, advising on capital structure and lending options, and ensuring alignment with investor expectations.
Lending Coordination: You will help actively contact lenders, engage with them for term sheets, and support negotiations.
Proactive Ownership: The ability to spot and own issues or make improvements for the long-term stability of the firm and the future. This is more about an attitude of ownership and a desire for excellence.
Presentation & Documentation Creation: You will help develop presentations, pitch decks, and informational materials to communicate investment strategies, firm & portfolio company performance, and opportunities to potential investors.
Secondary Responsibilities
Market Analysis: To drive firm strategy, you will stay current with market trends, fundraising best practices, and investment opportunities.
Fundraising & Investor Relations: You will support engagement with existing investors and help procure new bitcoins, family offices, and high-net-worth individuals. You will also help deliver updates, manage reporting obligations, and address inquiries.
Content Creation: You will create written or video content that can be shared externally with our newsletter subscribers, investors, or the external world.
Key Metrics for Success: For Township & for you
These are the metrics we are measuring at this stage for the firm and translate to how we evaluate performance for the team. Some of these are not entirely in your hands and thus will require our collective collaboration to hit these metrics:
Lagging Metrics
Investor Participation
>100 active equity investors in our investor network. Active is defined as "at least one interaction every quarter."
Adding 50 strategic, active investors annually to our CRM
Capital Raised
>$2M raised as equity for portfolio acquisition
>$4M raised in debt from lenders for portfolio acquisition
Portfolio Stability
Portfolio shareholder equity increasing by 20% annually
Leading Metrics
To be discussed before joining
Ideal Candidate
The following is the "ideal". It is okay if you do not have experience with everything.
Bitcoin maxi wants to create the blueprint for businesses operating on a Bitcoin standard.
Previous experience in traditional finance, particularly in a private equity or capital market position related to lending, fundraising, or deal flow activity.
Proven track record in capital raising and/or investor relations.
Strong understanding of financial structuring, lending practices, and private equity fund mechanics.
Knowledge of accounting, investment, and financial metrics and ability to communicate them
Exceptional writing, communication, and presentation skills.
Ability to explain complex topics in simple-to-understand language
Experience with CRM systems and investor communication platforms.
Expectations of you from us
At least 15 - 20 hours per week on the above responsibilities
Available during North American business hours
Able to work async & autonomously on projects
High energy & capable of figuring things out and making decisions
High standard for quality and attention to details
Internally motivated to deliver the best work
What you can expect from us
Clear and direct objectives, projects, & deliverables
Performance-based reviews, promotions, & compensation
Excellence in quality of thinking & decision-making
Collaborative environment to actively seek your knowledge, experience, & opinion
Long term mindset
Fun, forward momentum, and lots of winning
Compensation
Initially, the contract was based on later becoming an equity partner based on deals closed.
3,950,000 - 4,750,000 sats/month ( $2500 - $3000 at the time of this posting )
Up to 20% equity in Township plus variable equity in portfolio companies
Base compensation to be re-evaluated every 120 days based on performance metrics
How to apply
Create a simple video introducing yourself & why you think you'd be a good fit for this position.
Please keep the video to no more than 5 minutes. I am looking for clarity of communication, quality of speaking and presentation, and a demonstration of experience or willingness to learn quickly.
Send the recorded video & your current resume to lucas@township.ventures
Not your particular skill set? Check out all the Bitcoin Jobs at bitcoinerjobs.com.
In the Headlines
Blockstream Secures $210 Million to Expand Bitcoin Mining and Layer-2 Solutions
Blockstream has raised $210 million in convertible note financing, led by Fulgur Ventures, to accelerate the development and adoption of its layer-2 technologies and expand its Bitcoin mining operations. The funds will also grow Blockstream’s substantial Bitcoin treasury.
Blockstream’s layer-2 solutions, such as the Liquid and Lightning networks, aim to meet the growing enterprise demand for secure and scalable Bitcoin-based financial products. Liquid has facilitated over $1.8 billion in asset issuance, including tokenized bonds and securities, with applications in the $300 billion real-world asset (RWA) space.
Blockstream also launched its latest Bitcoin Mining Note, BMN2, to continue its success in hash rate-backed security tokens. The company appointed Michael Minkevich as COO to guide its next growth phase, leveraging his extensive experience in technology solutions for traditional industries.
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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