SVB Ventures Newsletter No. 17
SVB Ventures | Newsletter No. 17 On its 16th anniversary, Bitcoin's journey is marked by remarkable growth and evolution. From its humble beginnings as a cypherpunk concept in a 2008 whitepaper, Bitcoin has defied expectations, weathering booms and busts to become a recognized global asset. Early adoption was driven by tech enthusiasts and libertarians, but gradually, institutional interest grew, culminating in the recent landmark approval of spot Bitcoin ETFs. This mainstream acceptance, alongside its resilience against economic uncertainty and technological innovation like the Lightning Network, solidifies Bitcoin's position as a pioneer in the evolving landscape of finance and technology. Despite challenges and controversies, Bitcoin's enduring legacy on its 16th anniversary is undeniable, with its future potential remaining a topic of intense interest and speculation. 🔸 Macro News ✔ a16z Crypto released a report saying that as of September 2024, there were about 617...