BREAKING: At least 45 crypto and blockchain startups including Ethereum studio and analytics vendor received US Paycheck Protection Program loans, new documents show.
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Conversation
Pretty much 2 buckets:
1. Free money so why not
2. Already in trouble before COVID
For those in bucket 2, I’d be curious to know what their numbers look like for the last quarter. If anything, COVID should have given a big boost to the whole space. hired hundreds.
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Why are you hiring hundreds of people when nothing much has changed in our space the past year? Genuinely curious. Marketshare capture?
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Since COVID hit and the money printing started, we have seen a massive spike in new interest in crypto and new account signups.
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Hundreds of new employees for new account sign ups? Are they temporary? Seems odd. But I don’t know your business. Just surprised that shitcoin sales are growing that fast.
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New signups and renewed interest means more people to onboard, support, process payments for, etc. Loads of dormant accounts are coming back online as well. Interest is mostly #bitcoin.
I would love to see a focus on BTC derivatives. Responsible risk management. Not a “get rich quick” carrot. Volatility should be optionality, but many use it to condemn bitcoin. Derivatives education could strengthen willing hodlers.
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