Why not? Right now it's the only way to outperform Bitcoin price appreciation.

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Because VC is fraught with risk and a firm performs well if it delivers 30% IRR for its investors. Bitcoin is risk free…and delivers 50% IRR for its investors.

Aren't you making a long term statement about being on a Bitcoin standard?

The high rate of return for Bitcoin itself is only applicable in the near term whereas the ecosystem grows exponentially with the asset through network effects.