THE Bitcoin Podcast

"CYPHER TANK" COMPETITION, BITCOIN STARTUPS, M&A, & WHAT HAPPENS NEXT | MIKE JARMUZ (MUZZ)

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Oct 6, 2025
Mike Jarmuz, known as Muzz, is a venture investor focused on Bitcoin infrastructure through Lightning Ventures and the organizer of the Cypher Tank pitch competition. He shares insights on the future of Bitcoin startups, likening their potential to past tech revolutions. Muzz elaborates on the Cypher Tank pitch competition details, investment strategies in Bitcoin, and the importance of tokenization. He also discusses market cycles and why the demand for Bitcoin could stabilize its volatility, emphasizing the thriving future of Bitcoin-centric companies.
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ADVICE

Promote Bitcoin Crowdfunding Actively

  • Use Bitcoin-native funding platforms like Geyser for media and community projects.
  • Promote your campaign actively because these platforms need creator-driven distribution.
INSIGHT

Treasury Hype Vs. Infrastructure Value

  • Bitcoin treasuries are fashionable but core infrastructure builders matter more for long-term M&A.
  • Large incumbents will likely acquire startups to add Bitcoin capability at scale.
ANECDOTE

Early Portfolio Acquisition Signals Recovery

  • Lightning Ventures' portfolio saw an early exit when Slice was acquired as part of Fold's spinout.
  • Acquisitions are returning to the space and signal renewed market activity.
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