Bitcoin

“Even when Bitcoin prices are down, stablecoin payments just keep growing.”

“Actually, 88% of our revenue is from non-Bitcoin trading at this point.”

“But a GPU, it has intrinsic value. Like, you can actually use that asset for something that's really, really valuable. And it doesn't matter where that GPU is. It could be in Iceland. It's still useful to anybody all over the world, as long as it's networked. …”

“And I'm not convinced it's a payment method now, and it's been quite some time. But as currency and commodity and a star value goes, it's certainly proven to be extraordinarily successful.”

“And that greed element of blockchain, which is exactly what the Bitcoin thing is all about, in my opinion, is about greed, bringing down the, in the whole blockchain thing. While Solana and Ethereum, they're looking like they have a long-term potential.”

“Logan got ahold of the guy who had whatnot. And he, the guy goes, I'll sell it to you for a Bitcoin. So, I was an early Bitcoin investor, so I had Bitcoin. And Bitcoin back then was worth 10,000 dollars, so not like what it's worth now. And Logan haggled him d…”

“Ethereum and other blockchains use a new system called proof of stake, which is actually 99.9% more energy efficient.”

“I think it's fair to say at this point that Bitcoin has succeeded as a store of value, and I don't think it has become a medium of exchange.”

“The lightning network was a optimization layer on top of Bitcoin, but it never really took off.”

“In some ways, like real estate is the original Bitcoin because it's like proved provably scarce.”

“I think most people should probably not be traders. They should be investors. You know, and dollar cost average, own the index fund, diversify the portfolio, have some, you know, have some in Bitcoin, some in everything, all the different pieces, so.”

“See, I have never traded a Bitcoin ever in my life, never bought one.”

“I think a lot of the investing media actually serves For the people who are really good to dress up those ideas in a way that makes them feel differentiated and smart enough to what is actually sort of just long Elon or long Bitcoin.”

“Long term, I'm still super bullish on, on Bitcoin. I think that I'm hoping we hit the bottom at 60 K or so, and it seems to be trending back up now.”

“And so we almost got held up that first quarterly earnings period because we couldn't get accountants in the SEC to agree that we were accounting it correctly and then actually get it in the numbers in order to launch the product.”

“That's an instant pass on a founder and a pitch telling you when they got into Bitcoin. That, that's my flip side of too much feedback after zero. Like, if all they tell you, if in the 1:20 seconds they tell you about when they got into Bitcoin, tell them to s…”

“If I think about big shots, just Bitcoin, 2020, a knockout. Two year rates, 2022, knockout.”

“Bitcoin is unequivocally the best inflation hedge that there is, more than gold, because Bitcoin is finite. There's only so much Bitcoin that can be mined.”

“Without knowing him, that we don't have a founder centralization. Right. For example, if you look at Ethereum, Metallic's there. Right. So there's a founder centralization. What makes Bitcoin unique is that we don't know, we, well, the founder's no longer part…”

“And in some ways, Bitcoin is full reserve money because you know, you kind of, there is no way to fractionally lend Bitcoin per se.”

“The idea of essentially, like, inference compute as GPU inference compute as proof of work. And so the work itself is the inference. And that as the underlying basis for proof of work cryptocurrency is pretty interesting. And would be, you know, potentially so…”

“There's really only five crypto assets that I've spent more than a thousand hours on. Bitcoin, Ethereum, Solana, USDC, Zcash.”

“A lot of Bitcoin use will be de-anonymized over time.”

“Like, will all the centralized Bitcoin on Coinbase's servers, Sailor servers, et cetera, get seized? I think it's quite likely. I think it eventually gets seized in some exigent circumstance.”

“And after two months of doing that, I was able to raise money for the guy and then he wanted me to advise him and then other people wanted me to fundraise and then other people wanted me to advise and then this whole thing kind of spiraled into a crazy thing a…”

“That same month, Christopher Wood, global head of equity strategy at Jeffries, removed A 10% allocation to Bitcoin from his model portfolio, citing fears that the advent of quantum computing could undermine the token.”

“If you did have a computer powerful enough to crack these encryptions, unless you were like, Google and you already had billions and billions and billions of dollars of cash flow. You wouldn't exactly stand up and say like, Hey, I have cracked Bitcoin because …”

“Central banks are not going to want to buy Bitcoin and being able to hold it.”

“The basic approach is we recommend a basic, highly diversified portfolio, let's say, 60% stocks, 40% bonds, right? Just kind of your traditional portfolio, highly diversified, meaning, you know, an all stock index fund and an all bond index fund. We start ther…”

“So we pivoted the business, and we went all in on Bitcoin and crypto. It was a really great idea for three months. And then the price of Bitcoin tanked. It lost, like, 75% of its value, and the whole industry just dried up overnight, and all these new clients …”

“I'm not saying Bitcoin will replace the dollar. I don't think it will.”

“The structural failing is that it is not, so if you think about like, what is the value maximizing function right now for a crypto asset to be broadly adopted? It needs to have the features that allow, ah, a central bank to adopt it. And there are two things t…”

“And so when he came in and started to analyze all of the flow of funds on every trade, he was able to map that out. And due to like certain time risks and things, things, he actually was correct that he'd mapped that out. And it was just a set of conditions, w…”

“Believe it or not, the first version of the Coinbase app, actually, you couldn't buy or sell Bitcoin. I thought we were making a wallet for payments on the internet. And so you could store Bitcoin, you could make Bitcoin payments, and this prototype went out, …”

“You go back and look at what, you know, Peter Thiel and Elon, Max Levchin, all these guys were doing, David Sachs, they actually had many similar ideas to Bitcoin. They were trying to create a decentralized form of money that could be permissionless global on …”

“In 25, the price of Bitcoin dropped precipitously and is now 50% down from October, but stablecoin payments volume doubled to around 400,000,000,060 percent of which is estimated to represent B to B payments.”

“So my average Bitcoin price was like 200 dollars a coin.”

“What happened was that Jason hosted an episode of This Week in Startups, roughly, I think, in 2011 with a couple of the Bitcoin core founders, and then Epstein reached out to him for an introduction to those people.”

“I literally only have three investments I worry about. That's it. My business, mutual funds, and equity and private businesses. I don't do single stocks. I don't mess around with gold. I don't try to speculate on Bitcoin”

“And i wrote it about bitcoin and i said everybody should put one percent of their net worth into bitcoin and i said it's basically schmuck insurance”

“No, it doesn't matter when you get into Bitcoin, you always feel late. Right. Because everyone you talk to has in the Bitcoin industry has bought before you.”

“I went to my local car dealership and I bought a car with Bitcoin using BitPay in 2000 and 12 or 13.”

“I sold the apartment, and for roughly 900,000 dollars, like just under a million bucks and then started buying, and I got paid in trenches, because, you know, you get a first down payment, you gotta go paid in trenches, and every trench I get, I just buy. Well…”

“When I joined the Ben Reeves said, look, we have no company. We have no office. Everyone works remotely. We just pay everybody in Bitcoin. And so that's something I learned from that company. And I still look, that's still very heavily used in Binance today.”

“It's probably the biggest thing that will hold Bitcoin back from being ubiquitous.”

“Literally government agents in North Korea in uniform are hacking to steal Bitcoin.”

“No one's going to buy a cup of coffee with a bitcoin, etc.”

“Bitcoin was the best performing asset class of the last decade.”

“When it first opened, Bathhouse was jokingly called the Bitcoin Bathhouse as they used the heat generated from mining to warm the tubs.”

“I think the central banks will realize that there are limitations to gold and limitations to Bitcoin and will, as a result, seek out a completely new cryptographic paradigm That they can control on their balance sheet, that is fungible, that is tradable, and t…”

“My eighth prediction is that Bitcoin will hit a new all-time high of a 160,000 dollars in 26. And I think the price will range from about a 100,000 to a 160,000 throughout the year.”

“Bitcoin is limited in supply, and its perception of money, it is a form of money, it, it's perceived as money, as a storehold of wealth, that is unlikely to be significantly held by central banks, and many others, because of a number of Problems it has.”

“So I hold a little bit of Bitcoin. I have a little bit of Bitcoin, but for me, it's not as attractive as gold for the reasons you asked me my thoughts.”

“It went to one 23. Year to date, it went to one 23.”

“Bitcoin is about to break through a 100,000 to the downside, which I think is a psychological barrier that probably has another five or 10% more to run.”

“I don't know. I think there's a lot of buyers at Bitcoin, a hundred K. There's a pretty deep market there.”

“It's actually a big part of why Sequoia passed on Coinbase in the time.”

“That's one reason we started a separate crypto fund, right? We both do kind of early stage traditional venture and do things like buy tokens like Bitcoin directly in the market. And then we have our own like city and trading, and we sort of built out all these…”

“Bitcoin would not be Bitcoin if he had raised Series A, even if best investors in the world, you know, sickest cap table ever, still, still would, I would say that would not, Bitcoin would not be Bitcoin.”

“There will never be another Bitcoin.”