Tell me you don’t understand bitcoin without telling me you don’t understand bitcoin.
Why no VC boom? VC didn’t go into bitcoin….
https://pitchbook.com/news/articles/crypto-vc-deal-activity-flat-valuations-up-2024?
Discussion
Bitcoin sets the cost of capital prohibitively high for VC funds. Even prohibitively high for Bitcoin-only VC funds.
Agreed. Looking at a bitcoin only VC right now and really hard to make the leap. The hurdle rate is so high.
I almost took money from one of them a few years back. I have so much more corn now than I would have had I taken that offer.
Bitcoin really destroys a lot of the financing models that we have come to take as fact. Those trying to fit the old paradigm into a Bitcoin economy will end up poorer than they could be otherwise.