This installment of Off The Chain is free for everyone. I send this email to our investors daily. If you would also like to receive it every morning, join the 30,000 other investors today. To investors, We have spent the last few weeks focused on Bitcoin, both the financial and regulatory perspectives, but I am often asked what other aspects of the industry intrigue me. The answer to that question is best articulated by sharing the four core theses that Jason Williams, Mark Yusko, and I formed when we first became interested in Bitcoin, blockchain, and cryptocurrencies.