TD₿: How Bitcoin Consumes the Entire Financial World
TL;DR: Bitcoin's scarcity, liquidity and superior qualities make it the future of global finance, with potential adoption by nation-states for security. Predictions suggest BTC could reach $13M!
Hey Bitcoiners,
Bitcoin's potential to "demonetize" not just gold but also bonds, real estate, and stocks, positioning it to capture trillions in global financial capital. With Bitcoin potentially reaching a $100 trillion to $300 trillion market cap, predictions like Michael Saylor's $13 million price target could just be the beginning.
In today’s video, Hurley explores Bitcoin's superior qualities as a store of value, such as scarcity and liquidity, suggest it could eventually replace real estate and gold as the preferred savings tool. Nation-state adoption for national security and Bitcoin's increasing influence in global financial markets further underscore its long-term potential to reshape the financial world.
Enjoy!
Tick tock next block,
The Swan Education Team
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Quote of the Day
“There is beauty in Bitcoin's simplicity. Part of "fixing the money" is fixing the supply and making sure precedents that change monetary policy aren't set.”
- Marty Bent
Job of the Day
Position: Co-Founder
Company: Bitcoin Company (Anywhere)
Location: Remote (Fully Remote)
Job Type: Part-Time
Category: Senior Leadership / Technology
We are seeking a visionary co-founder to join our Bitcoin-focused company. What do 4190024921 and 3652501241 have in common?
That may sound like a weird question, but this post may also be unusual.
I've been "building" and contributing to things in Bitcoin for the last 5+ years, from a small regulated broker to a custodian, a large exchange, a privacy wallet, a marketplace, and some writings here and there. I've also worked on quite a few consulting gigs in marketing and web development.
I'm technical, a more-or-less self-thought coder, though far from a superstar programmer. And I'd like to build a new bitcoin product. But what exactly?
Should it be a wallet using things like Miniscript? How to monetize?
A better P2P trading experience? How to bootstrap liquidity?
How about trust-minimized Bitcoin loans? Can it avoid regulatory overheads?
Heard of DLCs but haven't dipped my toes yet. Is the timing right?
How about Nostr? What does it truly unlock?
What do people really want? Something for which they would gladly spend their sats.
Over the first 15 years of Bitcoin, it seems custodial financial services, now ETF issuers, and products with KYC are still the most profitable ventures. Is that it? How about Bitcoin-only companies?
And by "only", I mean no fiat, no custody of user funds, and no verifications. Just Bitcoin. Is there a profitable business that can be built? Could that venture even give me a Bitcoin-denominated return if I invest some of my SATs to bootstrap it? I can't just keep mining fiat forever.
I know it exists, but I haven't found the idea and execution path yet. Could that be you?
I'm looking ideally for someone else who is:
Deep in Bitcoin
Quite technical
Willing to think hard about what to build before actually building it
Had some personal runway until we figured it out.
Of course, I'm not looking for a 60-hour week commitment. This would likely be a co-founder's unpaid role. At this stage, I want to have conversations with other builders who may also be on the edge of doing something.
Maybe that's you?
Not your particular skill set? Check out all the Bitcoin Jobs at bitcoinerjobs.com.
In the Headlines
Bhutan's $780M Bitcoin Empire Unveiled: Kingdom Mines BTC Using Renewable Energy
According to Arkham Intelligence, Bhutan, a Buddhist kingdom in the Himalayas, has been revealed as a significant Bitcoin holder, owning 13,011 BTC valued at approximately $780.49 million.
This marks the first public disclosure of Bhutan's Bitcoin addresses. Unlike other governments, Bhutan's holdings are not from asset seizures but stem from its rapidly expanding Bitcoin mining operations, which intensified in early 2023.
Bitcoin Mining Shutdown Causes 20% Surge in Electricity Bills for Norwegian Town
The closure of a Bitcoin mining facility in Hadsel, Norway, led to a 20% rise in electricity bills for residents after the municipality declined to renew the mine's permit due to noise complaints. The mining operation, run by Kryptovault, contributed 20% of local power company Noranett's revenue.
With its shutdown, Noranett raised prices to compensate, leaving residents with higher electricity costs. The incident has sparked debate in Norway about restricting energy-intensive mining, which could force miners to move operations abroad and result in further price hikes for locals.
MicroStrategy Adds $1.11 Billion in Bitcoin, Bringing Total Holdings to 244,800 BTC
MicroStrategy has acquired an additional 18,300 Bitcoin for $1.11 billion, bringing its total holdings to 244,800 BTC, valued at $9.45 billion.
According to CEO Michael Saylor, the company has achieved a 17% year-to-date yield on its Bitcoin investment, benefiting from BTC's appreciation while borrowing fiat at low interest rates to expand its holdings.
On This Day (In Bitcoin History)
Hungary Unveils Statue Honouring Bitcoin Founder Satoshi Nakamoto - 2021
On September 16, 2021, Hungary unveiled the world's first public statue honoring Satoshi Nakamoto, the pseudonymous creator of Bitcoin, in Budapest's Graphisoft Park, a tech hub.
The statue depicts a general human figure with a reflective face, allowing visitors to see themselves, symbolizing the idea that "We Are All Satoshi" and emphasizing Bitcoin's decentralized nature. The project, initiated by András Györfi, editor of Kripto Akadémia, gained support from the local crypto community as a tribute to Nakamoto's role in creating an alternative to traditional financial systems.
Swan Shortie of the Day
Event of the Day
Bitcoin Amsterdam
Dates: October 9-10, 2024
Location: Westergas, Amsterdam
Following the landmark global Bitcoin Conference held in Nashville this July, where U.S. presidential candidates Donald J. Trump and Robert F. Kennedy captivated audiences, Bitcoin Amsterdam 2024 is poised to be another historic event in the global Bitcoin industry.
Exploring the future
This year's conference theme invites participants to delve into Bitcoin's future. Over the past 15 years, Bitcoin has evolved from an obscure digital experiment to a central player on the global financial stage.
This event, which will include plenty of educational sessions and opportunities for networking, focuses on shaping the future of the Bitcoin ecosystem.
With an expected attendance of 5,000, Bitcoin Amsterdam 2024 is one of Europe's most significant Bitcoin events this year. Last year's conference featured notable speakers such as Edward Snowden and Eva Vlaardingerbroek.
This year promises other influential voices discussing how freedom, finance, and technology converge in Bitcoin. Among the first speakers announced are Jack Mallers, CEO of Strike, and Stella Assange. The lineup is expanding daily, and more speakers will be unveiled in the coming weeks.
Secure your spot: Tickets and updates.
As excitement builds, ticket prices will increase as the event approaches. Attendees are encouraged to secure their tickets early to participate in this pivotal conversation on Bitcoin's future.
For more details, to purchase tickets, and to stay updated on speaker announcements, visit: Bitcoin Amsterdam 2024.
Not in town for this? Check out all the Bitcoin events at bitcoinerevents.com.
Meme of the Day
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