Walt Smith (Standard Crypto) on VC Investing in Bitcoin (EP.666)
Episode publishedPodcast: On The Brink with Castle Islan...On The Brink with Castle Island
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On today's episode, I sat down with Walt Smith, an investor and thought leader in the Bitcoin and crypto space with experience at Galaxy Digital, CyberFund, and Standard Crypto. Walt and I discussed the current current state of venture activity around Bitcoin and what is exciting for Bitcoin looking forward. Without further ado, I hope you enjoy our conversation.
Matt Walsh and Nick Carter are partners at Castle Island Ventures. All of these expressed by them or the guests on this podcast are solely their opinions and do not reflect the opinions of Castle Island Ventures. Casanos may maintain positions in the assets discussed in this podcast. You should not treat any opinion expressed by anyone on this podcast as a specific inducement to make a particular investment or follow a particular strategy, but only as an expression of their personal opinion. This podcast is for informational purposes only.
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They print a couple trillion dollars, and all of a sudden, people started to worry. So out of this worry, we have something called the Bitcoin. Bitcoin. Walt, thanks for coming on the pod today. I wanna kick off. How'd you get into Bitcoin and crypto?
Well, thanks for having me on as well. I was in college and thinking about going to med school and had been reading autobiographies and biographies of doctors and stumbled my way into a econ one zero one class with this guy Jeffrey Herbner at Grove City College and didn't really know much about economics, but had heard classic public school or charter school history course that the Great Depression ended World War two. And I asked him a question about it, and he started laughing at me and said, do you think bombing half of Europe and forcing all of Americans' troops over it and killing a ton o
So you like the lack of bureaucracy and the individual agency of Bitcoin?
Yeah. I think the idea that you don't need the Federal Reserve to provide a put on your savings account or your 401 or a put on the S and P 500, and we don't need to structure the world to have this index mindset where everyone has exposure to this equity in The US, but people are gatekept from it outside of it. And The US benefits from pumping out its dollars into the world and then having the most valuable tech companies or companies in the S and P 500. I think Bitcoin is really this idea you can radically control your savings and your net worth and have personal accountability and sovereign
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