Blockstream is still betting on Bitcoin and mining it (w/Erik Svenson)

Chain Reaction

A podcast that unpacks and dives deep into the latest trends, drama and news in crypto with some of the biggest names in the industry to break things down block by block for the crypto curious.

For this week’s episode, Jacquelyn interviewed Erik Svenson, co-founder, president and chief financial officer at Blockstream, a bitcoin and blockchain-focused infrastructure firm.

The company was founded in 2014 and has its own sidechain technology, Liquid Network, as well as bitcoin mining operations and hardware wallets for Bitcoin and other assets. It most recently raised $125 million in January and has raised over $400 million to date.

Erik previously worked on Wall Street as a former VP for AIG investments and was a co-founder and consultant of other startups. His last startup he co-founded before Blockstream was Dan’s Plan, a health tech company.

We discussed how the current macroenvironment is impacting Bitcoin-focused businesses and where Erik sees the most opportunities for startups today.

We also talked about:

• Blockstream’s mining operations
• Surviving a bear market
• Transitioning from TradFi to crypto
• Advice for startups

Chain Reaction comes out every Thursday at 12:00 p.m. ET, so be sure to subscribe to us on Apple Podcasts, Spotify or your favorite pod platform to keep up with the action.

Chain Reaction comes out every Thursday at 12:00 p.m. ET, so be sure to subscribe to us on Apple Podcasts, Spotify or your favorite pod platform to keep up with the action.