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.
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.
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.
