“The smartest people in the world are working on Bitcoin, they’re not working on some other project,” Mike Jarmuz told Bitcoin Magazine. “They’re not working on altcoins or selling real estate in a metaverse fantasy land. Your medical records are not going onto some other thing masquerading as a blockchain. We view these as ridiculous and completely uninvestable ideas.”

Jarmuz is the the managing partner of an investment fund called Lightning Ventures, whose peculiarity is that it focuses its investments solely on companies that develop products and services on bitcoin and no other cryptocurrency.





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