TD₿: What's Behind Bitcoin's Historic Price Surge? - (a Swan original video) with Hurley
TL;DR: Bitcoin recorded its largest single-day surge, rising over $8,000, surpassing silver’s market cap. With record ETF volumes, HNWI's, institutions, and even nation states are buying in!
Hey Bitcoiners,
In today’s video, Hurley covers Bitcoin’s historic price surge, marking the largest single-day increase and pushing its market cap above that of silver. This surge also saw Bitcoin surpass its all-time high priced in gold, highlighting its rising status as a store of value. Trading volumes broke records across Bitcoin ETFs and related stocks, with BlackRock's iBit ETF exceeding $1 billion in volume shortly after opening.
The buying frenzy is speculated to involve institutional investors, nation-states, and ultra-wealthy individuals, as traditional finance increasingly recognizes Bitcoin's potential as a strategic reserve asset.
Finance experts, including Professor Tad Smith, are realizing the limitations of traditional assets in wealth creation compared to Bitcoin. As more institutional and high-net-worth investors adopt Bitcoin, a larger bull run awaits.
Enjoy!
Tick tock next block,
The Swan Education Team
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Quote of the Day
“Compared to Bitcoin, not even gold is safe…”
- Robert Breedlove
Job of the Day
Legal Counsel
Generatio
Anywhere Remote only
Contract / Freelance
Legal & Compliance
About: Generatio is a professional services network providing Bitcoin family office and institutional adoption services. We are accepting applications from lawyers and law firms to join our network of professionals on a rolling basis.
Practice Areas: We are seeking lawyers and law firms with expertise in the following practice areas:
Tax and Tax Planning
Private Client Services
Wills & Estates
Corporate/Commercial
Emigration/Immigration
Role: We seek Legal Counsel with expertise in Bitcoin estate planning to join our network. This is not an employee position, nor is it full-time work. Rather, successful applicants will become part of our referral network; they may receive work from Generatio on a referral basis or as independent contractors. Each professional will be responsible for operating their own practice in accordance with applicable laws and regulations.
Job Description and Responsibilities: Our legal counsel will:
Receive referrals from Generatio.
Provide high-quality legal advice and services to Generatio's clients.
Collaborate with Generatio to develop strategies to manage and protect Bitcoin assets and family wealth.
Remain up-to-date on legislative and regulatory changes related to Bitcoin in your practice area and in your jurisdiction.
Translation of legal concepts to non-lawyers and Bitcoin concepts to non-Bitcoiners
Qualifications: The ideal candidate will have:
License to practice law in your jurisdiction(s)
Extensive experience in your practice area(s)
Strong understanding of Bitcoin
Strong understanding of strategizing within the regulatory regimes that apply to Bitcoin and Bitcoin-related business/investments in your jurisdiction
Excellent analytical and problem-solving skills.
Exceptional communication and interpersonal skills.
Strong oral and written communication skills in English and fluency in the languages used in professional services in your jurisdiction.
Jurisdictions: We are seeking candidates in all jurisdictions, with a focus on the following:
North America: USA, Canada, Mexico
British Isles: England/Wales, Scotland, Ireland, Channel Islands
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APAC/Oceania: Australia, New Zealand, Singapore, Hong Kong
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South America: Paraguay, Argentina
Other jurisdictions with incentive programs related to Bitcoin
Not your particular skill set? Check out all the Bitcoin Jobs at bitcoinerjobs.com.
In the Headlines
Another Day, Another All-Time High, Bitcoin Ellipses $90,000
Bitcoin briefly surpassed $90,000 on Tuesday, setting a record for its largest single-day gain. It has risen 115% this year, doubling its January price of $42,000.
Genius Group Announces $120M Bitcoin Investment for Treasury, Stock Soars 79%
AI Firm Genius Group announced a plan to allocate $120 million to Bitcoin, inspired by MicroStrategy's treasury strategy. The company aims for Bitcoin to comprise 90% of its reserves.
Following the announcement, Genius Group's stock surged by 79% to $1.13, with a peak of $1.41, though it's still down 82% for the year.
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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