TD₿: From $100K to $1 Million: Bitcoin’s Supply Shock Is Here! - (a Swan original video) with Hurley
TL;DR: Nation-state game theory is beginning to play out as Bitcoin breaks another all-time high coming just short of $99,000. HyperBitcoinization might be closer than we think.
Hey Bitcoiners,
Bitcoin is reaching escape velocity, with prices climbing toward $100K and beyond. MicroStrategy’s aggressive Bitcoin strategy is leading the charge, inspiring corporations and nations alike to join the Bitcoin revolution.
As discussions of a U.S. Bitcoin reserve heat up, Bitcoin’s repricing to millions per coin seems inevitable. In today’s video, Hurley breaks down the forces driving hyper-Bitcoinization and why owning and learning about Bitcoin now is critical.
Enjoy!
Tick tock next block,
The Swan Education Team
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Quote of the Day
“When I first bought bitcoin it took me two years of speculation to understand what Bitcoin really was. But once I fully had a grasp of it, it was life altering.”
- Russell Okung
Job of the Day
Business Development Manager - Bitcoin & Core Banking Solutions
America or Europe timezone Remote only
Full Time
Business Operations / Financial Services
About Galoy
Galoy is building an open-source core banking infrastructure with Bitcoin as the base layer of money. Our mission is to empower financial institutions with Bitcoin-enabled banking solutions that make transactions instant, low-cost, and accessible to everyone.
Our journey began with the Bitcoin Beach Wallet in El Zonte, El Salvador (now called Blink)—a proof of concept for a community wallet that became a key enabler of Bitcoin adoption in the region.
Today, our technology powers one of the most widely used Bitcoin wallets in El Salvador, and we're expanding our focus to help banks and financial institutions worldwide embrace the future of money.
We're scaling our core banking software to serve financial institutions and bring Bitcoin to the first billion users. We're looking for talented business developers to help us achieve our vision.
About the Role
We're hiring a full-time Business Developer to help drive the adoption of Galoy's core banking software by banks and financial institutions. You will play a key role in building relationships with financial partners, guiding our go-to-market strategy, and developing opportunities to expand our impact across the U.S., LATAM, and Europe.
You will work closely with our leadership team to bridge the gap between Bitcoin's potential and the needs of traditional banking.
The Ideal Candidate
The ideal candidate is experienced in the banking or financial technology industry and has a strong interest in Bitcoin. You should be comfortable navigating the complexities of core banking software, understand financial institution needs, and be passionate about Bitcoin's transformative power.
Main Responsibilities
Develop and execute strategic business development initiatives to drive the adoption of Galoy's core banking software.
Build strong relationships with banks, financial institutions, and other partners.
Identify and qualify new sales opportunities, conduct market research, and generate leads.
Collaborate with the product and engineering teams to ensure that our offerings meet the evolving needs of our financial partners.
Represent Galoy at conferences, webinars, and other industry events to expand our network and showcase our technology.
Lead negotiations and manage the onboarding process for new partners and clients.
Understand the challenges and regulations of running a global Bank as a Service platform and identify strategies to address them.
Ability to understand and articulate complex technical and financial concepts to diverse stakeholders.
A proactive approach to problem-solving, with the ability to tackle challenging market entry scenarios.
Familiarity with Bitcoin and the Lightning Network.
Spanish language proficiency is a plus.
If you're interested, send your CV to: jobs@galoy.io
Look at our open-source infrastructure setup and learn more about our mission. Join us in building the future of banking—with Bitcoin at its core.
Not your particular skill set? Check out all the Bitcoin Jobs at bitcoinerjobs.com.
In the Headlines
Bitcoin break a new all-time high to $98,988 after SEC announces Gary Gensler will step down
Bitcoin surged past $98,900, setting a new record, after the SEC announced Chair Gary Gensler's resignation effective January 20, coinciding with Donald Trump's inauguration.
Bitcoin has gained 40% since Trump's election, nearing the $100,000 milestone.
Bitcoin Approaches $100,000 as Trump's Council Expected to Establish BTC Reserves
Reuters reported that Donald Trump's proposed "crypto council" plans to establish a U.S. Bitcoin reserve, aiming to purchase 200,000 Bitcoin annually for five years, totaling 1 million BTC. This would add to the over 1 million BTC accumulated by U.S. spot Bitcoin ETFs this year as Bitcoin's price surged from ~$44,000 to nearly $100,000.
The potential for a single entity, like the U.S. government, to acquire such a massive amount of Bitcoin could drastically increase demand and drive prices higher, especially as competition intensifies.
With two months until Trump's inauguration, the legislation remains pending, but optimism is high. Senator Cynthia Lummis likened it to a "Louisiana Purchase moment."
On This Day in Bitcoin History
2013 - Virgin Galactic begins accepting Bitcoin
On November 22, 2013, Sir Richard Branson announced that Virgin Galactic would accept Bitcoin as payment for its space travel services, highlighting the digital currency's alignment with the company's futuristic vision.
A flight attendant from Hawaii became the first person to purchase a ticket to space using Bitcoin.
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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