1/ In a world that is becoming increasingly gated, controlled, censored, and manipulated, it is more important than ever to offer an alternative which is open, permissionless, transparent, trust-minimized and egalitarian 2/ The continued development of open source software plugging into the bitcoin network remains paramount to counteract the centralizing forces of institutions, technology, and the associated encroachment on human freedoms

There is very clearly an imbalance in capital disproportionately allocated to “crypto” and underweight the Bitcoin ecosystem. This creates tremendous asymmetry for investing in Bitcoin companies, which has not yet been appreciated by most Most investors aren’t yet thinking about investing in Bitcoin companies because the broader market still does not understand bitcoin. That creates huge pricing upside in BTC but also underlies the impulse to only hold the asset and not invest in the “picks and shovels” around it