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.
Exchange users face the same conundrum that poker players do, but with greater severity. The amount of funds a poker player will want to use is relatively predictable, but many traders can’t rule out the possibility of a trade which demands significant capital relative to what would otherwise be in the market on a risky exchange.
In BTC-world, the security of Bitcoin is a function of the price. That’s because the security is rooted in decentralization. The result the misconception around Bitcoin’s security has been billions of dollars and millions of man-hours wasted on projects that have no future and a delay of many years in bringing the benefits of Bitcoin to a large population.
A common pitfall for investors is a descent into a sunk cost trap. The bitcoin and cryptocurrency ecosystem has fallen into a deep sunk cost trap. BTC investors appear to be analyzing their investment strategy in a backward-looking manner rather than unemotionally appraising their present options or projecting into the future.
