Investing in Bitcoin Season 2
summary
Argues that Season 2 is driven not by promises but by ordinals and BRC‑20/runes which unlock tradable Bitcoin‑native assets; Bitcoin spot ETFs now own about 5% of all BTC and miners listed publicly control nearly 30% of hash rate. Layer‑2 projects and BitVM/OP_CAT are promising but not yet product‑market fit; venture flow funds 100+ new companies, miners cut leverage and pivot to revenue (some succeed, some fail), so returns depend on token liquidity, miner economics, and whether OP_CAT/BitVM deliver trustless pegs.
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chapters (9)
- 0:00Introduction to Panelists and Bitcoin Conference
- 3:49Bitcoin's Season 2: Innovation and New Assets
- 7:19Hedge Funds and Bitcoin Ownership
- 10:51Season 2 of Bitcoin: The Trigger
- 13:55Layer 2 Exposure
- 16:57Bringing Developments Back to Bitcoin
- 20:19Bitcoin Miners and Revenue Potential
- 23:24Out of band transactions and use cases
- 26:46The Dilution of Common Shareholders
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