As part of the Digital Currency Council’s Continuing Education partnership with Inside Bitcoins, the DCC’s Director of Curriculum Dan McArdle, had the opportunity to interview the thought leaders that will be speaking at the Inside Bitcoins Conference in New York City on April 27-29, 2015. Today, we share an interview with Paul Veradittakit of Pantera Capital.
Dan: How did you first discover Bitcoin and what was your initial reaction to it?
Paul: My friend bought a Bitcoin and told me a little bit about it, so I became intrigued. I read Marc Andreesen’s article “Why Bitcoin Matters” and knew I had to read more. I eventually read the white paper and decided that this is a space I could have a career in for the near future.
Dan: Pantera has been a strong Bitcoin advocate for several years, both in terms of the ecosystem overall, as well as bitcoin as an asset itself. How does Pantera currently look at the space from an investment perspective? Where do you most want to be deploying capital?
Paul: We have both a hedge fund and a venture fund. We are long on bitcoin the currency. We are interested in investing into companies that will bring Bitcoin adoption to the mainstream and companies that will utilize the blockchain to disrupt various industries.
Dan: Inside Bitcoins has brought together many of the best minds in the industry. What do you hope to learn, discuss, or accomplish at Inside Bitcoins New York this year?
Paul: I hope for great mindshare with other industry experts while learning about new innovations from entrepreneurs.
Dan: As Bitcoin and the broader digital currency ecosystem evolve, what are you looking forward to seeing develop in the next 1-3 years? And what’s your long-term (5-10yr+) outlook?
Paul: I am looking for regulations to develop in the next 1-3 years while my long-term outlook is for Bitcoin to be used prevalently for transactions, whether consumer or enterprise.
Dan: What do you see as the greatest challenge for the industry as a whole?
Paul: I see the greatest challenge as facilitating trust for people to adopt.
Dan: What’s your best advice for supporting the growth of Bitcoin, both as a technology, and as an asset-class?
Paul: The best advice is for everyone to get a little bit of exposure to Bitcoin through a wallet like Circle or Coinbase and to use it for a compelling use-case.
Dan: Thanks very much for your thoughts, Paul. Looking forward to a great conference.