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Jimmy Song, a Bitcoin educator, developer, and entrepreneur, stated that Bitcoin disrupts venture capital firms because it increases the hurdle rate they must overcome. He also claimed this is why such firms often criticize Bitcoin in both obvious and subtle ways.
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Song has previously argued that investors may see stronger returns by buying bitcoin directly rather than relying on complex market timing strategies, according to an earlier post. He has also suggested that central banks could view bitcoin as better collateral than gold due to lower settlement friction, as noted in a separate article. Song’s recent comments continue his ongoing analysis of bitcoin’s impact on financial institutions.