TD₿: Will Michael Dell Save the Bitcoin Bull Run? - (a Swan original video) with Hurley
TL;DR: Despite a dip from global tensions, Bitcoin's bull market continues. Surging liquidity and potential big buys like Michael Dell’s $1.2B stock sale. A move to $90K by year-end remains possible.
Hey Bitcoiners,
Bitcoin’s price has dipped in early October due to rising geopolitical tensions in the Middle East, but the bull market is far from canceled. Global liquidity is increasing as central banks ease monetary policy, with expectations of a 50 basis point rate cut in November.
This surge in liquidity, combined with Bitcoin’s correlation to new money entering the economy, suggests the cryptocurrency could reach $90K by year-end. Additionally, options trading on Bitcoin ETFs is expected to boost prices further.
Amidst this, rumors circulate that billionaire Michael Dell is preparing to sell $1.2 billion in Dell stock, potentially to invest in Bitcoin. Dell’s wealth, combined with his bullish social media activity on Bitcoin, could signal a major market catalyst. Despite the current dip, Bitcoin is viewed as a long-term investment that historically recovers faster and more violently than traditional assets.
Join Hurley as he covers all it here.
Enjoy!
Tick tock next block,
The Swan Education Team
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Quote of the Day
“Bitcoin has an inescapable, unavoidable, and omnipotent magnetism for the brightest and most revolutionary minds on the planet. I've never witnessed anything like it.”
- Brandon Bridge
Job of the Day
CTO
Remote - Anywhere
Position: Full-Time
Department: Engineering
Job Description
We are seeking a top-tier CTO who will bring extensive experience to Fedi. As CTO, you will oversee our product's technical direction and elevate our already-strong engineering team to new heights. You will drive innovation, solve complex technical challenges, and shape the future of our tech infrastructure from its stable existing state.
Responsibilities
Lead the overall technology strategy, driving technical innovation and delivering high-impact solutions in a fast-moving environment.
Design and build a high-performance engineering team by identifying, recruiting, and nurturing top talent.
Collaborate with the CEO and leadership team to shape and execute the company's long-term vision and business objectives.
Manage engineering resources, budgeting, and project prioritization to drive efficient delivery of the company's roadmap.
Help steer Fendi's committed transition to a fully open-source app.
Oversee all technical operations, including infrastructure, software development, and security, ensuring high system reliability and scalability.
Architect and oversee robust security strategies that ensure the protection and scalability of our product and infrastructure.
Foster a culture of innovation, collaboration, and continuous improvement within the engineering team.
Requirements
Proven experience as a CTO or senior technology leader in a high-growth startup or scale-up.
Deep understanding of Bitcoin, cryptography, distributed systems, cross-compilation, mobile development, rust, and react/react-native is highly desirable.
Strong track record of mentoring and developing engineering leaders, focusing on empowering others to lead and solve technical challenges autonomously.
Expertise in designing secure, scalable software architectures, including experience in managing cloud infrastructure.
Ability to think strategically and align technology initiatives with business goals.
Strong interpersonal and communication skills, with the ability to build relationships and work collaboratively across departments.
Demonstrated success in building and scaling engineering teams, processes, and cultures from the ground up.
Willingness to work flexible hours to accommodate global teams and stakeholders across LATAM/US and Africa/Europe.
Proven track record of successfully shipping products from concept to production, focusing on delivering high-quality, secure, and scalable solutions in fast-paced environments.
Benefits
Competitive Compensation: Generous salary package reflecting your experience and expertise.
Ownership: Meaningful equity in the company as we grow and make a transformative impact.
Innovative Work Environment: Extremely dynamic and collaborative work environment, emphasizing growth, innovation, and excellence.
Flexible Vacation: We promote a healthy work-life balance with unlimited paid vacation to recharge when needed.
Global Travel Opportunities: Be part of our mission to empower communities worldwide with opportunities to travel and engage with our users directly.
Join us!
We want to hear from you if you are a seasoned CTO with a passion for leveling up humanity. Please email your CV to engineeringjobs@fedi.xyz. We look forward to receiving your CV for this exciting position.
About Us
Fedi empowers communities everywhere so they can secure and use their money and data. We connect the most fundamental human technology—community—with freedom technologies, like bitcoin, to level up humanity.
As the CTO at Fedi, you'll have the opportunity to be part of this exciting, life-changing journey and help us empower communities around the world.
Not your particular skill set? Check out all the Bitcoin Jobs at bitcoinerjobs.com.
In the Headlines
Metaplanet Increases Bitcoin Holdings by $6.6 Million, Reaching $24 Million in Treasury
Japanese investment firm Metaplanet has acquired an additional 107.913 Bitcoin for 1 billion yen (around $6.6 million) at an average price of $61,932 per Bitcoin.
This brings the company's total Bitcoin holdings to 506.745 BTC, with a total investment of 4.75 billion yen (USD 31.8 million) at an average price of $62,712 per Bitcoin. Metaplanet's Bitcoin holdings now represent nearly 20% of its $125 million market capitalization, amounting to $24 million in value.
Ohio Senator Proposes Bill to Permit Bitcoin and Crypto Payments for State Taxes
Ohio State Senator Niraj Antani has proposed a bill to allow cryptocurrency payments for state and local taxes, making Ohio one of the few states to do so. The legislation would require all political subdivisions to accept Bitcoin and other cryptocurrencies.
However, specific assets are yet to be determined. This initiative was previously led by former State Treasurer Josh Mandel but was halted due to a ruling by the Ohio Attorney General. The bill also aims to allow state universities and pension funds to invest in cryptocurrencies.
On This Day in Bitcoin History
2013 - The FBI shuts down dark web marketplace Silk Road, confiscating approximately 26,000 BTC
On October 2, 2013, the FBI shut down Silk Road, a dark web marketplace that enables anonymous transactions of illicit goods and services, primarily using Bitcoin. Created by Ross William Ulbricht in 2011, Silk Road operated via the Tor network, facilitating illegal activities like drug sales.
By its closure, the site had nearly a million users and had processed 9.5 million Bitcoin, valued at $1.3 billion. The FBI seized 26,000 Bitcoin as part of the operation.
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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