The Pomp Podcast
#1332 John Arnold | Bitcoin Is Eating The World
Mar 25, 2024
John Arnold, Principal at Ten31, discusses the total addressable market for bitcoin, financial returns, capital placement, and industries built around bitcoin. The podcast also explores the innovative concept of PropyKeys, an application minting home addresses on blockchain for affordable homeownership. Various collaborations of Propy, including with Coinbase, are highlighted. Pomp's daily letter and Supra's early integration program for price feeds across blockchains are also mentioned.
42:53
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Quick takeaways
- Bitcoin's total addressable market is compared to the Internet's growth potential, with Bitcoin potentially even larger in scale due to its role as superior money and self-perpetuating adoption incentives.
- Future industry potentials and innovations in a Bitcoin-focused world include a wide array of developments that are yet to emerge, resembling the early stages of Internet innovation with anticipation for unknown multi-billion dollar value creations and industries beyond current models.
Deep dives
Bitcoin's Total Addressable Market and Adoption Incentives
Bitcoin's total addressable market (TAM) is compared to the Internet's growth potential, with Bitcoin potentially even larger in scale due to its role as superior money. The adoption incentives embedded in Bitcoin lead to a self-perpetuating rush towards early adoption, wherein businesses and individuals can't avoid the implications of increasing Bitcoin adoption, creating a global wave of Bitcoin integration. Companies building services around Bitcoin stand to access the vast user base, potentially reaching every industry with significant value creation and adoption.
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