The Bitcoin BuildMarket
summary
Panelists argue concrete survival tactics for building Bitcoin businesses in bear markets: keep custody airtight and don't lend customer coins, publish and use verifiable tooling like the proof-of-reserves open source tool (BitMEX research, 2021), and preserve runway by dollar-cost-averaging revenues into fiat, building a war chest and keeping fixed costs low. Practical moves include hiring laid-off talent, borrowing carefully against BTC reserves (avoiding liquidation risk), killing nonessential projects, and product bets like the recent Trezor app launch to onboard cautious users.
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chapters (13)
- 0:00Bitcoin business in bear markets
- 1:13Safer Bitcoin businesses
- 7:58Ordinals and inscriptions impact
- 16:26Psychological challenges
- 23:37Competitor weaknesses in bear
- 30:25Team morale in bear markets
- 35:23Liquidity and treasury strategies
- 42:35Daily Bitcoin entrepreneur challenges
- 46:10Best Bitcoin business geographies
- 50:06Toughest bear market decisions
- 52:19Letting team members go
- 55:07Bitcoin's deeper significance
- 58:34Closing remarks
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