Bitcoin & Cryptocurrency Market - Bitcoin's value is self-evident after 15 years, shifting the burden of proof to skeptics [1] - BTC Lending is considered very attractive [1] IPO & Funding - IPO was oversubscribed and upsized to $220 million [1] Payment Processing & Merchant Adoption - Square is used by 28% of US merchants [1]

Bitcoin Credit Market Overview - Bitcoin collateral adoption is currently at only 1% [1] - The Bitcoin credit market represents a multi-trillion dollar opportunity [1] - Build Asset Management views credit as the primary battlefront for Bitcoin adoption [1] Factors Influencing Bitcoin Lending - Investor views on Bitcoin (BTC) lending are a key consideration [1] - Cultural barriers within the traditional finance sector impact Bitcoin adoption [1] - Bitcoin liquidity and overall market maturity are crucial for growth [1] Growth and Adoption - Discussion of borrower types and potential growth paths for Bitcoin lending [1] - Exploration of sovereign adoption and hybrid lending models [1] - Analysis of generational trends and their impact on Bitcoin mortgages [1] Macroeconomic Considerations - Examination of rates, broader credit markets, and their relationship to Bitcoin [1] - Consideration of public company adoption, referencing Acacia Research [1]