During the previous bull run, the hype led to an influx of companies using Bitcoin or 'blockchain' to inflate value and attract investment. Many of these were questionable projects, and some were outright scams. Even legitimate companies struggled with the difficulty of creating value with Bitcoin, as companies failed two thrived: Casa and BlockFi.
BlockFi is building financial products for Bitcoin holders which allow them to use their crypto as collateral for taking out a loan or lend out their Bitcoin to earn interest. Casa is improving security by simplifying multisig.Â
So why have BlockFi and Casa been able to grow and thrive duing the bear market while so many others have failed?
In this interview, I speak with Casa Founder Jeremy Welch and BlockFi Founder Zac Prince, we discuss Bitcoin utility, non-financial and sometimes unexpected applications and why Bitcoin is more than a financial system.
