Depending on one’s perspective, Unbounded Capital’s decision to invest exclusively within the BSV ecosystem is somewhere between a risk free route to riches and organizational suicide. In our view, it was the only decision available that fit within our role as fiduciaries, but it was also a decision with potentially profound ramifications for the future of Unbounded Capital.
Nothing in life is guaranteed and uncertainty abounds all over the investing world. We don’t count our chickens before they hatch, but as investors we are always oriented to the future. In considering certain possible futures, it becomes clear that Unbounded Capital could be in an enviable situation. Within a 5-10 year horizon Unbounded Capital is projecting huge success for BSV. In some of the most likely outcomes we expect to see 6-figure BSV price and billions of people interacting with the ledger in some way on a daily basis within this time frame. If we stay on track towards this future, Unbounded Capital stands to gain significantly, both financially and reputationally, from being the first fund to put all of our capital and brand behind BSV.
With the uniqueness of our call and the potential of its success, we may end up in a situation where we could easily coast on our one-time insight for a decade or more. Using the momentum from our call, renewed excitement around Bitcoin, and the allure or the brilliant and burgeoning entrepreneurial community of BSV, we could raise a 9-figure venture fund and coast off management fees and our BSV holdings. Perhaps preferring other more charitable or relaxing uses of time, we could be heading off into an early retirement or shifting into the motivational speaking circuit. Perhaps that seems grandiose, but one should not underestimate the amount of capital that could enter a thriving crypto-currency space or the historical relevance of what we are accomplishing in Bitcoin. Consider the clamor for the current set of hacks posing as experts in this space as precedent.
We are here today, the day of the Genesis upgrade, to say that the future of Unbounded Capital will not be one of complacency. We are here for the long run and are here to work. The same relentless curiosity, diligence, and dissatisfaction with the consensus views will define our future as it has defined our past. We don’t just want investment from anyone, we want the investment of our peers in BSV. We want to outperform BSV on a risk-adjusted basis, not just ride its coattails. We don’t want to be the premier VC in the BSV space, we want to be the premier financier in whatever form best suits the future economy. A bitcoin oriented, sound money economy makes us all richer, but it also raises the bar for capital. We are ready to meet that challenge. We don’t know what the future will look like, but we know BSV will be there, Unbounded Capital will be there, and we hope you will be there with us.