Why Silicon Valley Doesn’t Get Bitcoin with Dan Held

“Right now the risk reward has never been better - maybe some VCs look at everything with the lens of early stage investing where they expect a 100x pay off, what’s crazy is with Bitcoin you might actually get that.”— Dan HeldLocation: RemotelyDate: Thursday 28th JanuaryCompany: KrakenRole: Director of Business DevelopmentJack Dorsey has been one of the leading public supporters of Bitcoin in Silicon Valley, stating his belief is that "Bitcoin has the potential to become the world's sole currency by 2030". In late 2020 Dorsey went a step further when his company Square put $50 million of Bitcoin in their treasury. Following the purchase, he tweeted "More important than Square investing $US50mm in #Bitcoin is sharing how we did it (so others can do the same)."Jack Dorsey is a hugely influential figure in Silicon Valley, and his actions sent a clear message of his belief in the importance of Bitcoin.Silicon Valley has mostly ignored Bitcoin, and Dan Held thinks this is a culture issue. While Silicon Valley values moving fast and breaking things, Bitcoin is the opposite. It is conservative, slow and most importantly, hard to change.In this interview, I talk to Dan Held, the Director of Business Development at Kraken. We discuss Dan's experience in Silicon Valley, what drives VCs to invest, and the changing Bitcoin narratives within Silicon Valley.This episode’s sponsors:Kraken - The best place to buy, sell & trade BitcoinBlockFi - The future of Bitcoin financial services Sportsbet.io - Online sportsbook & casino that accepts BitcoinCasa - The leading provider of Bitcoin multisig key security.Exodus - The world's leading Desktop, Mobile and Hardware crypto wallets.-----WBD307 - Show Notes-----If you enjoy The What Bitcoin Did Podcast you can help support the show by doing the following:Become a Patron and get access to shows early or help contributeMake a tip:Bitcoin: 3FiC6w7eb3dkcaNHMAnj39ANTAkv8Ufi2SQR Codes: BitcoinIf you do send a tip then please email me so that I can say thank youSubscribe on iTunes | Spotify | Stitcher | SoundCloud | YouTube | Deezer | TuneIn | RSS FeedLeave a review on iTunesShare the show and episodes with your friends and familySubscribe to the newsletter on my websiteFollow me on Twitter Personal | Twitter Podcast | Instagram | Medium | YouTubeIf you are interested in sponsoring the show, you can read more about that here or please feel free to drop me an email to discuss options.