Why Silicon Valley Doesn’t Get Bitcoin with Dan Held
In this episode of the What Bitcoin Did podcast, Peter McCormack interviews Dan Held, Director of Business Development at Kraken. They discuss Dan's experience in Silicon Valley, what drives VCs to invest, and the changing Bitcoin narratives within Silicon Valley.
Silicon Valley has mostly ignored Bitcoin, and Dan Held thinks this is a cultural issue. While Silicon Valley values moving fast and breaking things, Bitcoin is the opposite. It is conservative, slow, and most importantly, hard to change.
“Right now the risk/reward has never been better - maybe some VCs look at everything with the lens of early-stage investing where they expect a 100x pay off, what’s crazy is with Bitcoin you might actually get that.” - Dan Held
The session was recorded on Thursday 28th January, 2021.