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.

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.

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

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 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

Is Bitcoin the Key to save yourself from Inflation w/ Josh Olszewicz In this week’s episode of Bitcoin Bottom Line, hosts C.J. Wilson and Josh Olszewicz are discussing the latest in the Crypto space and the Bipartisan Responsible Payments Innovation bill. Wilson begins by discussing the New York state bill that focuses on Bitcoin mining, “Its kinda weird because they singled out bitcoin mining as a target to say hey we need to limit bitcoin mining, or eliminate bitcoin mining, unless it is from totally renewable sources, which is kind of a weird catch all because I don't think there is any industry in america that has more renewable sources being applied to it than bitcoin.” Wilson then goes onto discussing inflation effects, “as inflation starts to hit more things, we’re seeing the things we need the most... those industries are all the most impacted, so natural resources need to be managed a certain way and the best way to do that is to incentivize people to be innovative with the natural resources that are local.” When discussing the Bill (RPI) Wilson says “the biggest problem that the government has is they have people interchanging words, crypto and bitcoin, blockchain and crypto, all these other things, so by clarifying the definitions, step #1, we set the tone.” Furthering the clarification conversation, Olszewicz explains, “It (Bitcoin) is clearly closer to a commodity than a security... so it is great to see that in writing.” Wilson adds on to say, “If you have hard measurements, meaning like factual, numerical measurements, you know what those thresholds are and you know if you can exceed those or how close you can get to them... in the same sense it's possible that by setting a line you may have more people that try to get close to it but at least at the same time you are setting a boundary.” Applying this idea to stable coin, Wilson explains, “With a stable definition, you might say ok this is not allowed, this is frowned upon, this is not encouraged, so there are like gradients.” They continue on to the effect on mining, with Wilson explaining, “If you HODL your Bitcoin mining revenues they are not taxed... so if you are managing your treasury properly, you are going to HODL a majority of your bitcoin... which i think is going to increase mining focus and allow bigger miners to be more profitable and as they are publicly traded and stuff like that to normalize that thing...” Olszewicz responds, “To see a de minimis rule I think would increase transaction activity for Bitcoin would be great... so just having anything on the books is great, clarity on the miners, clarity on the transactional activity, clarity on stable coins, in general this bill is good.” He goes on to say, “it is not perfect, but it is something and we have to start somewhere.” Listen to the whole episode for more!!

Bitcoin Policy Institute w/ Matthew Pines In this week’s episode of Bitcoin Bottom Line, hosts Steven McClurg and C.J. Wilson are joined by guest Matthew Pines, a managing consultant at Krebs Stamos and National Security fellow at the Bitcoin Policy Institute. Wilson begins by asking Matthew, “What is the discovery path to Bitcoin?” To that, Pines describes the increase in “tangible action taking place across various government agencies.” McClurg asks from the perspective of Bitcoin; “which countries do we see as a potential threat to bitcoin being a global digital currency? Which countries are really embracing it more,... where does the U.S. fall on the spectrum of support?” Pines responds that “The United States is a remarkably pro-bitcoin place, and while the policy action and social media hostility tends to get a lot of attention… if you kind of look at where the conversation was 2 or 3 years ago and compare it with today, the trend has been uniformly positive”. Wilson then asks about Europe, and “if there is more room to improve Bitcoin policy there,” to that Matthew explains “one thing that makes it unique is it is an economic union but not a political union… the euro is a new thing, it has only been around for like 30 years, not that much longer than bitcoin has been around, so they have a lot of vested political interest in the success of the Euro.” He adds, “They have a much more acute sense of currency as a political unifying entity, and anything that could come in and chip away at that is going to be inherently regarded suspiciously.” Wilson asks about Matthew’s work with the Bitcoin Policy Institute, which is as he describes, “got together to put out more rigorous, thoughtful, fact based research analysis on bitcoin specific related policy issues to help inform the conversation and also to provide resources… to help inform policy decisions” McClurg furthers this thread by asking about the narrative that has been attributed to bitcoin’s energy consumption, and “what they (BPI) are doing to combat that narrative” Pines explains “you can rebut it with arguments but you ultimately need data, to look at what is happening on the ground… and investigate the claim empirically…” he goes on to say, “Bitcoin mining companies investing millions of dollars in operations in states around the country with job creation and tangible impacts across the grid, that is a more enduring story that is by definition not refutable.” Listen to the full episode for more!

BBL Ep 33 Exec Summary: In this week’s episode of Bitcoin Bottom Line, hosts C.J Wilson and Josh Oszelwicz are joined by guest Yunkun Guo, a corporate and financial regulations attorney at Ice Miller, to discuss crypto regulations and the intersections of law and cryptocurrency. Guo’s interests lie in bridging the gap between technology and law, she explains her tasks as “working with companies to help navigate new emerging technologies.” She highlights the complex and evolutionary nature of the relationship between cryptocurrency and regulation, “One thing that is exciting about crypto is that depending on what you do with it you fall under a different jurisdiction, a different law or regulation.” As they dive deeper into this relationship, Wilson explains; “Crypto is 24/7, Bitcoin trades 24/7, a lot of people think the law is sort of like 9-5” he goes on to ask, “Is it going too fast for laws to catch up? Or are there certain instances where the laws have been ready, or really old laws are still applying even though it’s a brand new marketplace?” To this, Guo explains that in many cases older laws are being applied, but she pushes for evolution, “educating legislators and policy makers to make sure that the laws do catch up and hopefully foster innovation so that it doesn’t impede progress.” Wilson then discusses the ways in which regulations can be variable from state to state. Guo explains that it is difficult to navigate because, “No company, especially if you are a technology company, operates purely in one state… you have federal regulations, as well as state by state regulations you have to follow and case law on top of that.” When discussing regulations in the United States as a whole, Wilson refers to it as a double edged sword, balancing safety and assurance, with comparably higher regulations. Guo explains that an increase in regulation has also been met with an adoption of crypto and Bitcoin on a wider scale. In the end, Wilson asks Guo “What would better laws and rules look like?” to which she outlines a two step process to reach clarity and understanding, starting with “What are we trying to achieve?” Followed by “What are the steps to get there? Listen to the full episode for more! #bitcoin #ethereum #regulation #Crypto #Yunkunguo 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.

This week on The Bitcoin Bottom Line, Co-host C.J. Wilson met with Josh Olszewicz, Head of Research at Valkyrie, to discuss macro-finance and its link to Bitcoin. The conversation was kicked off by Olszewicz sharing the kinds of markets in which he was involved before his introduction to Bitcoin. Olszewicz discusses his interest in the technology and decentralization of the Bitcoin network. Wilson goes on to share an applicable story from his childhood about how he saved up his money for a fancy bike. This experience helped him cement the idea of savings within his young mind. Wilson shares about his past life as a pro baseball player, and the duo talks about why many professional athletes are Pro-Bitcoin. For many, it largely involves a forward-looking mindset of saving for the future. After spending some time on this topic, Wilson discusses his past investments and how at the time, he thought Bitcoin was a scam. After hearing this, Olszewicz asks what changed Wilson's mind, and he replied “the bull market in which Bitcoin took off was where my mind changed”. Wilson, after explaining his intro to the coin, explains his early investment strategies for investing in Bitcoin. He would give himself milestones to keep himself in check when investing, and if he reached those milestones he would invest more money, create new milestones, and so on. Soon after they talked about trading Bitcoin, the conversation turned toward the negatives of trading and how it can be addicting, even dangerous for some. Wilson shares a personal story and states “ It becomes a little dangerous because it sweeps aside the security concerns and the factual information about scarcity”. The hosts close out the episode with more discussion on Bitcoin trading, mining, finance, and the growth of the Bitcoin community as a whole. Watch the full episode for more!

This week on The Bitcoin Bottom Line, Co-hosts Steven McClurg and C.J. Wilson met with Harry Sudock, Vice President of Strategy and Management at GRIID Mining. This episode was filmed live at the Bitcoin 22 Conference in Miami, and the conversation was kicked off with a discussion on the friendliness of their fellow conference-goers. McClurg explained how there is a collective feeling of support between otherwise competitive businesses at the convention. The trio opens a discussion on the Bitcoin mining industry. After touching on the subject of competition in the mining space, Wilson asks, “How do you manage being all over the place?” Sudock explains how local the mining industry is, “There is a local contractor, a local electrician and a local group embedded at that level”. Sudock goes on to describe how working in rural areas is a great way to show that mining companies can help the community grow with large power deals. McClurg asks,“How can someone mine bitcoin on the side but still be in play with the big guys? How can you break in and participate in mining?” Sudock responds, “You can buy a rig and put it in your garage. Your margins are not going to be the same as a huge company, but you may be beating the larger companies on the price of exchange for bitcoin.” The trio discusses the perks of mining at home, and Wilson adds on how some cold weather universities should mine crypto and add S19’s to heat their pools that they have so they can swim in the winter. Wilson states that water and power are the two things that define your quality of life. Hearing this, Sudock shares his belief that there is a spectrum. One side of the spectrum consists of the responsible ways to use electricity, such as running an MRI machine, while the other side consists of things that are irresponsible uses of energy, like Christmas lights, etc.. He explains that, at the moment, bitcoin is viewed as an irresponsible use of electricity, when it should be viewed as a responsible use of electricity because of its ability to help grow many rural places economically by providing them with large electricity deals. The trio goes on to discuss how mining is a large revenue stream in Bitcoin, the competition in the mining market, and more. Listen to the full episode! Don’t miss another live taping from the Bitcoin 22 Miami Conference! #Bitcoin #BBL #Bitcoinbottomline #Valkyrie #Podcast #Bitcoinconference2022 #SharryZudoc #Griid !