Venture Investing In Bitcoin With Walt Smith

Walt Smith of Cyber Fund joins The Gwart Show, sharing his take on venture capital in the crypto–and specifically Bitcoin–space. He discusses the potential of Bitcoin rollups, the future of Ethereum, and the drama among crypto VCs. Walt also dives into the idea of merge mining as a scaling solution for Bitcoin and shares his thoughts on the end game of tokenization. Chapter Markers: 00:00 Start 01:22 Walt's background 02:45 Working at Galaxy 04:22 Major investments 05:36 Restaking 08:19 Multi-asset pool model 10:55 Open infrastructure "free banking" 13:47 Are DOAs dumb? 20:24 Tokenizing equities 26:32 Interest in Bitcoin 29:50 ETH minimum viable issuance 35:22 Lido DOA 40:15 Restaking controversy 44:11 VC cat fights 50:04 Bitcoin season 2 53:04 Bitcoin L2 VC investments 55:51 Merge mining Bitcoin 58:22 Bitcoin covenants 03:34 Attrition to L2 on Bitcoin 08:28 BTC vs ETH in 10 years 13:49 realistic growth projections 17:03 Wrap up Follow our guest on Twitter: @waltjsmith Follow our host: @gwartygwart 👋The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities. Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices