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.
Ethereum’s well-documented problem with its high gas fees is still significant as it costs at minimum upwards of a few dollars to mint a transaction into the ethereum main chain network, with it sometimes costing significantly more when the network is in demand. Even post merge, we agree with the Ethereum Foundation: it will likely that it will remain the least efficient blockchain and way of processing transactions in the world.
