Bitcoin has been on a nice run over the last few months, currently trading above $500 USD/BTC.
We’ve been bullish about the opportunities in Bitcoin for a while and are excited to be able to announce that, together with our partners in China at Lightspeed China Partners, we are investors in BTC China.
We have long believed that a lot of the innovation in Bitcoin will come from outside the US, and BTCChina is proving out this thesis. The opportunity for innovation that Bitcoin will enable in China is truly enormous, given the scale and growth of e-commerce, remittance, microtransactions and payments in that country. and The company is led by Bobby Lee, an extremely experienced technologist and leader. We believe that mature management is going to be a critical factor in navigating the regulatory, security and business challenges in the Bitcoin ecosystems, and Bobby and his cofounders, Linke Yang and Xiaoyu Huang, are ideally suited to continue to lead innovation in the Chinese Bitcoin environment and, eventually, beyond China’s borders
We’re excited to support them on their journey!