43 episodes

Steven McClurg and C.J. Wilson discuss all things Bitcoin.

Bitcoin Bottom Line valkyriefunds

    • Business
    • 5.0 • 1 Rating

Steven McClurg and C.J. Wilson discuss all things Bitcoin.

    42 How to survive a Bearmarket /w Josh Olszewicz & C.J. Wilson

    42 How to survive a Bearmarket /w Josh Olszewicz & C.J. Wilson

    C.J. Wilson and Josh Olszewicz of Bitcoin Bottom Line discuss how to survive in a Bear Market in this week's episode.
    In this week’s episode of Bitcoin Bottom Line, hosts C.J. Wilson and Josh Olszewicz discuss how to survive in choppy markets. There is currently a large amount of volatility in the crypto space which could be unsettling for new crypto users. Wilson explains “if your first bitcoin purchase was $45,000 or higher and you are looking at an $18,000 price, that does not look great in your portfolio. For those of us who bought in when the price was $3,000, we are still comfortable knowing that the price is above that because we know that the volatility on the downside is rewarded with all-time highs on the upside.”
    Wilson and Olszewicz discuss the difficulty of taking profits in the space. Olszewicz states “the volume of any cryptocurrency is down significantly and the number of people who are publicly trading it is a very small percentage. People are not trading as they used to unless they have a different approach to long-only.” The long-only strategy only works if you take a profit and buy back in at a lower price. The problem is that in a market like this, you do not know what the low is. Wilson warns that you should not be investing solely in one place. Wilson says, “right now the winning strategy is not losing.”
    Wilson and Olszewicz transitioned to talking about blue chip stocks and the stock market. Wilson believes that yield chasing in the crypto space is the most dangerous mentality to have right now. “I feel better about holding dividend-paying stocks, rather than dividend-paying crypto.” Wilson does believe blue chip stocks are okay to hold in your broad portfolio for retirement but you need a mitigation strategy. The most important thing is understanding you total risk profile and your thesis on what is happening.
    Olszewicz wraps up the episode by telling crypto users that they have to decide what they are here for. “You need to decide your time horizons, why you are here, what you are here for, what are your goals, and if you can sleep at night.”
    Listen to the full episode for more!
    #bitcoin #Crypto #Valkyrie #BBL #Bitcoinbottomline
    Twitter: https://twitter.com/ValkyrieFunds
    Instagram: https://instagram.com/valkyrie.invest...
    LinkedIn: https://www.linkedin.com/company/valk...
    Facebook: https://www.facebook.com/ValkyrieInve...
    DISCLOSURE: The opinions presented herein are solely of the individual and not necessarily representative of Valkyrie Investments Inc. and their affiliates. There is no guarantee that any specific outcome will be achieved. Investments may be speculative, illiquid and there is a risk of total loss of your investment. Past performance is not indicative of future results.

    • 40 min
    41 The Energy Crisis and Bitcoin w/ C.J. Wilson and Josh Olszewicz

    41 The Energy Crisis and Bitcoin w/ C.J. Wilson and Josh Olszewicz

    C.J. Wilson and Josh Olszewicz of Bitcoin Bottom Line discuss Off-grid and gas miners Nordstream energy issues in this week's episode.
     
    #bitcoin #Crypto #Valkyrie #BBL #Bitcoinbottomline
    Twitter: https://twitter.com/ValkyrieFunds
    Instagram: https://instagram.com/valkyrie.invest...
    LinkedIn: https://www.linkedin.com/company/valk...
    Facebook: https://www.facebook.com/ValkyrieInve...
     
    DISCLOSURE: The opinions presented herein are solely of the individual and not necessarily representative of Valkyrie Investments Inc. and their affiliates. There is no guarantee that any specific outcome will be achieved. Investments may be speculative, illiquid and there is a risk of total loss of your investment. Past performance is not indicative of future results.

    • 41 min
    40 Coding bitcoin at a young age w/ Daniela Brozzoni

    40 Coding bitcoin at a young age w/ Daniela Brozzoni

    In this week’s episode of Bitcoin Bottom Line, hosts C.J. Wilson and Josh Olszewicz interview Daniela Brozzoni a young bitcoin coder.
    In this week’s episode of Bitcoin Bottom Line, hosts C.J. Wilson and Josh Olszewicz interview Daniela Brozzoni, a young bitcoin coder. Brozzoni has recently been working on a library for building wallets called BDK (Bitcoin Dev Kit). This library includes codes for generating addresses and sending money to offer a wider variety of options to crypto users.
    Wilson asks Brozzoni about the QR codes that are interchangeable between lighting and on-chain and the cost that comes with this. She believes that in the future we will have different wallets for different needs, but it is difficult to explain to users that they might pay less than one cent in fees or up to two euros. For advanced crypto users, having the option for a transaction to be either lightning or on-chain could be highly beneficial. Brozzoni states, “I believe the single seed wallets that we just use for paying for coffee on-chain will disappear, and extremely complex wallets for storing funds in the long term will appear.” Wilson adds, “people talk about bitcoin as if you're going to be your own bank, but most people are only good at being their own wallet. They can spend and receive, but once you become a vault, you have to become more secure, and it adds more complex layers.”
    Brozzoni goes on to discuss her grant from Spiral and how she was able to obtain it. Wilson, Josh, and Brozzoni transition into discussing both the positives and negatives of anonymity in the space. They then discuss the benefit of analyzing the questions about the market from individuals who know less about Bitcoin and how it allows them to educate others effectively. Wilson says that the more people he meets in Bitcoin, the more he likes it and realizes that he needs to learn more. To stay updated on what Brozzoni is doing in the space, follow her on Twitter @danielabrozzoni or join the BDK Discord.
    🔗👇🏼 Follow Daniela here: https://twitter.com/danielabrozzoni
    Listen to the full episode for more!
    #Bitcoin #Crypto #Valkyrie #BBL #Bitcoinbottomline
    Twitter: https://twitter.com/ValkyrieFunds
    Instagram: https://instagram.com/valkyrie.invest...
    LinkedIn: https://www.linkedin.com/company/valk...
    Facebook: https://www.facebook.com/ValkyrieInve...
    DISCLOSURE: The opinions presented herein are solely of the individual and not necessarily representative of Valkyrie Investments Inc. and their affiliates. There is no guarantee that any specific outcome will be achieved. Investments may be speculative, illiquid and there is a risk of total loss of your investment. Past performance is not indicative of future results.

    • 40 min
    38 Is the Bitcoin Bottom In? How To Navigate the Bitcoin Market w/ Josh Olszewicz

    38 Is the Bitcoin Bottom In? How To Navigate the Bitcoin Market w/ Josh Olszewicz

    In this week’s episode of Bitcoin Bottom Line, hosts C.J. Wilson and Josh Olszewicz are covering the down market and sell pressures.
    They begin discussing the crypto bear market, Wilson starts “We are in a bit of a spin right now… What a lot of people want to figure out is how do you find a bottom and what affects the bottom but I think that is maybe in the middle of the conversation, the beginning of the conversation is how connected and interconnected are all of us in this crazy crypto world?’’
    They continue on to talk about the stress on miners especially, Olszewicz explains, “I hope people have started to realize the true scale of this stuff as it become more public… they are locking in capital months in advance for something that they don’t get delivered on till months later… not only that but lenders are calling back these loans- not because they are underwater but because they are concerned that not everybody is solvent or able to pay them back.”
    Olszewicz continues on to say “There's this perfect storm of factors that miners were not expecting to deal with at the same time.”
    Diving more into the current context, Wilson says, “This is the big wake up call for a lot of these guys that have never been through a bear market before…”
    Olszewicz talks about the advantages in the liquidity of bitcoin, “If you have bitcoin or a house, the most liquid thing is the bitcoin so you could just go on an exchange that is 24/7, 365, and you could sell it if you need to, and that is certainly what people have done regardless if they think it is risk on, or risk off, if they think it is going to be the future, if they need to sell, because it is liquid you can do that.”
    Wilson says, “it’s totally fine to take risk with whatever assets you have, you just have to understand that if someone else can value your assets independently from you valuing them then they are going to if there doing it to protect themselves because the people that are lending money on assets whether it is stocks or anything else, they’re borrowing that money from somebody else too, so they are borrowing it at a cost, so they are screwed if you don’t pay them back.”
    They end the episode with “We are going to have many more good days in Bitcoin, we just have to be responsible.”
    Listen to the full episode with more!
    #Bitcoin #Crypto #JoshOlszewicz #Valkyrie #BBL #Bitcoinbottomline

    • 42 min
    39 The Financialization of Bitcoin w/ Alyse Killeen

    39 The Financialization of Bitcoin w/ Alyse Killeen

    In this week’s episode of Bitcoin Bottom Line, hosts C.J. Wilson and Josh Olszewicz are joined by Alyse Killeen, founder and managing partner of Stillmark.
    #Bitcoin #Crypto #c.j.wilson #JoshOlszewicz #Valkyrie #BBL #Bitcoinbottomline #Killeen #Alysekilleen #Stillmark
    Wilson begins by asking, “Having some focus or a lot of focus on Bitcoin makes your experience as a venture capitalist totally fascinating to me.. where does it all start?”
    Killeen responds, “I started in venture capital about a decade ago and always focused primarily on infrastructure technologies. As I was doing that, I discovered Bitcoin and specifically recognized an opportunity for a financial technology that well served poor people and the world's very large unbanked and underbanked population. To me, that was so compelling…”
    Turning more towards Stillmark, Olszewicz says “You’ve really focused, at least based on yourporto list, recently, on lightning. Was that a decision early on as it was developing, and beyond lightning now, what do you see in the future?
    In response, Killeen delves into structure, “We're investing in two buckets, and the first bucket is the financialization of BTC the asset… Bucket number two is companies that are doing these “moonshot projects” built on lightning… where the market has been, and thus where our focus has been is in infrastructure related companies- so sometimes this can feel a little less personal, or a little less flashy or relatable. However, the pieces of infrastructure that are really going to affect the day to day experiences of people using lightning are being built now.”
    She goes on to say, “Instead of being a bitcoin fund, we are actually a generalist fund, within the Bitcoin space, so we are doing top to bottom- all of it that is happening in Bitcoin right now…”
    Wilson asks, “How would you say that confidence in the founders changes from traditional VC to bitcoin ventures…”
    Killeen responds, “That was the opportunity for Stillmark- it was to not be adherent to the old school VC mindset, but to apply the tools and the framework of traditional ventures which work really incredibly well to bolster founders and to apply that to a new paradigm.”
    Continuing on the VC line, Killeen explains, “We think about venture capital as just being resources to help founders accelerate where they are going. So we are normally backing folks that are going to get there anyway, and then hopefully with us, through capital, and sometimes with network introductions and support from prior lessons learned from working with hundreds of companies, founders can build quicker. Now, from a Bitcoin perspective, there is one other nuance… If we do good work, I hope that that means that adoption is catalyzed, and also the utility set that is offered in bitcoin expands. So my hope is if we do good work, the fundamental value of bitcoin can be increased…”
    Listen to the full episode for more!

    • 37 min
    37 The Life of a Bitcoin Core Developer w/ Gloria Zhao

    37 The Life of a Bitcoin Core Developer w/ Gloria Zhao

    37 The Life of a Bitcoin Core Developer w/ Gloria Zhao
    In this week’s episode of Bitcoin Bottom Line, hosts C.J. Wilson and Josh Olszewicz are joined by Gloria Zhao, a Bitcoin core dev to break down the behind the scenes action of a developer.
    Wilson begins by asking “what got you into Bitcoin in the first place?” To which Zhao responds, “... There are a lot of ideologies in there from the beginning that I found very appealing, and on top of that there are a lot of very interesting engineering technical challenges to work on, and as a computer science student obviously I was drawn to that...”
    She continues, “I grew up in Silicon Valley so I think that gave me perspective on how endless it is to chase this idea of ‘innovation’ and profit, and that always struck pretty empty to me so Bitcoin was very different and I had an immediate draw to it.” Olszewicz then asks, “what is your day to day like? Zoom calls and meetings or do you work independently as a decentralized developer?”
    Zhao answers “...I work on Bitcoin core, which is one implementation of a Bitcoin client,... Day to day I’d say save a few community, cultural, changes it's kind of just like working on any software project, except we don’t have a boss, we just kind of review each others PR’s cause we care about them and they are important to Bitcoin, we fix bugs because if they stay in the client then the network might have some troubles, not because our boss told us to..”
    To follow this up Wilson asks, “what's the percentage of time you spend, let’s say reviewing other people's work, having conversations with other people about what you guys are working on vs. just going into the rabbit hole yourself and doing more of a deep dive?” She responds that because of the nature of her work, she keeps a detailed breakdown of her time – “about 30% of my time on my main project... I try to do about 50% of my time on just peer review, and or opening small PR to fix bugs... about 10% of my time on things like advocacy and education,... and 10% just pure learning.”
    She goes on to say, “I very much value time like this where you are able to send a message ... I can tell people, hey there's people working on Bitcoin, hey it's gonna break if nobody works on it, so it's really important to pay the people who do, and get more people to want to be Bitcoin core developers, because that is very important for Bitcoin's health developmentally.” Discussing personal securities, Zhao details, “We live our lives online and there is a lot at stake and a lot to lose... I think everyone should learn how to code a little bit, or equip themselves with tools to protect themselves on the internet.”
    Continuing on the discussion of security in regards to Bitcoin, Zhao explains, “We care about operating in this system because there are legitimately people who need money in these systems, and other alt coins where they are not operating under that threat model, and maybe they are doing something or solving an interesting technical challenge that is useful in other aspects, but they don’t have what I think is Bitcoin’s core value proposition which is its security model.”
    Zhao finishes the episode with “it is going to be built brick by brick, where everything is stable underneath, so we need more people.”
    Listen to the whole episode for more!
    #Bitcoin #crypto #JoshOlszewicz #Valkyrie #BBL #Bitcoinbottomline

    • 53 min

Customer Reviews

5.0 out of 5
1 Rating

1 Rating

You Might Also Like

BTC Media
BTC Media
Stephan Livera
Swan Bitcoin
Marty Bent
Guy Swann