Blockcrunch - 20 Minute Crypto Insights

In today’s Roundtable, Jason and Sanat are joined by Catrina Wang of Portal Ventures. Catrina has written one of the most comprehensive breakdowns of the BTC/BRC thesis to-date. At the time of recording (02/22/24) Bitcoin just broke $50,000, however what’s new this cycle is the BRC phenomenon. Today, BRC’s are at a $3 billion market cap and now more than ever, there’s a rekindled interest in BTC L2s.  In this episode Catrina discusses her thesis in detail, as it relates to BRC reactions, intended target market, adoption strategy, WBTC, BTC L2 vs BitVM, Layer 1 programmability, The Panda Renaissance and much more! Press play now.   Host: Jason Choi @mrjasonchoi . Not financial advice.   Timestamps: (00:00) Introduction (02:31) Catrina’s BTC Thesis (07:29) Initial BRC reactions (09:06) Ordinals & programmability demand  (12:24) BRC target market (15:11) How to achieve BRC adoption  (21:30) How much of the BRC/BTC market is not addressed by WBTC (23:54) BTC L2 vs BitVM (33:15) Centralized L2 trust vs securit