I first met Unbounded Capital partners Dave and Zach while we all lived in the Bay area in 2018 while I was running a monthly Bitcoin SV meetup in San Francisco. As someone fully entrenched in Bitcoin technology for almost 3 years now, I constantly evaluate emerging products, services, and businesses I see building on Bitcoin SV.
2021 was an exciting year in the cryptocurrency and blockchain space which brought soaring asset valuations for both publicly traded crypto assets and private equity. Unbounded Capital believes the strong foundations laid in Bitcoin SV in 2021 will support enormous value creation in 2022 and beyond.
It has been a big week for BTC. PayPal’s announcement that they would support the token instantly expanded the network available to token holders seeking to use their BTC. Likely due in part to the news, the price of BTC has grown significantly and once again surpassed $13,000 USD.
The price required to buy the token is not the only thing on the rise, so too is the price of using it.
At Unbounded Capital, we value bitcoin (BSV) as a technology that will radically improve the lives of billions of daily users. In order for bitcoin to realize this vision, we believe its progression needs to mirror aspects of the development of the internet. Like the protocols that comprise the internet, the bitcoin protocol’s underlying complexity must be abstracted away to make it useful for non technical end users through a variety of user friendly applications. HandCash, a leading bitcoin mobile wallet, shares this vision and summarizes it with their slogan “Bitcoin for the rest of us”.
At Unbounded Capital, we believe Bitcoin as BSV will fundamentally change the nature of internet applications. We believe that the businesses which make building new or transitioning old applications to a Bitcoin based architecture are some of the best short and long term investment opportunities in all of Crypto and the broader economy. Of all of these businesses, we think Microsoft/Snapchat alum Brenton Gunning’s Run leads the way in combining innovative design with a savvily practical emphasis on outstanding user experience.
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.
