In today’s Roundtable, Jason and Sanat are joined by Catrina Wang of Portal Ventures. Catrina has written one of the most comprehensive breakdowns of the BTC/BRC thesis to-date. At the time of recording (02/22/24) Bitcoin just broke $50,000, however what’s new this cycle is the BRC phenomenon. Today, BRC’s are at a $3 billion market cap and now more than ever, there’s a rekindled interest in BTC L2s. 

In this episode Catrina discusses her thesis in detail, as it relates to BRC reactions, intended target market, adoption strategy, WBTC, BTC L2 vs BitVM, Layer 1 programmability, The Panda Renaissance and much more! Press play now.

 

Host: Jason Choi @mrjasonchoi . Not financial advice.

 

Timestamps:

(00:00) Introduction

(02:31) Catrina’s BTC Thesis

(07:29) Initial BRC reactions

(09:06) Ordinals & programmability demand 

(12:24) BRC target market

(15:11) How to achieve BRC adoption 

(21:30) How much of the BRC/BTC market is not addressed by WBTC

(23:54) BTC L2 vs BitVM

(33:15) Centralized L2 trust vs security conscious BRC users

(35:21) What is the additional catalyst for BRC scalability?

(40:00) Liquidity: building programmability on Layer 1

(41:00) The Panda Renaissance Thesis

(45:58) Outro

 

Twitter accounts:

Jason Choi’s Twitter:

https://twitter.com/mrjasonchoi

 

Sanat Kapur’s Twitter:

https://twitter.com/kapursanat

 

Catrina Wang’s Twitter:

https://twitter.com/dotcuriouscat

 

Catrina Wang’s BTC Thesis:  

https://blockcrunch.substack.com/p/a-bitcoin-thesis-the-panda-renaissance

 

Blockcrunch VIP:

https://blockcrunch.substack.com/

Blockcrunch Twitter:  

https://twitter.com/theBlockcrunch

 

Disclaimer:

The Blockcrunch Podcast (“Blockcrunch”) is an educational resource intended for informational purposes only. Blockcrunch produces a weekly podcast and newsletter that routinely covers projects in Web 3 and may discuss assets that the host or its guests have financial exposure to. Views held by Blockcrunch’s guests are their own. None of Blockcrunch, its registered entity or any of its affiliated personnel are licensed to provide any type of financial advice, and nothing on Blockcrunch’s podcast, newsletter, website and social media should be construed as financial advice. Blockcrunch also receives compensation from its sponsor; sponsorship messages do not constitute financial advice or endorsement.

 

Full disclaimer: https://blockcrunch.substack.com/about