I think there are a couple of reasons behind a Silicon Valley disillusionment with Bitcoin. First, I think we're probably in a trough in the hype cycle right n

I think there are a couple of reasons behind a Silicon Valley disillusionment with Bitcoin. First, I think we're probably in a trough in the hype cycle right now. 3-4 years ago there were a lot of very high expectations amongst the Sand Hill Road crew. Bitcoin transaction volumes have been fairly flat (in native BTC terms [1]), whereas the VC crowd expected--required even--exponential growth. Second I think that people in the US--Silicon Valley included--have the benefit of good corporate governance on many of the centralized authorities that underpin the economy. SWIFT, DTCC, etc. People who live in countries where that is not the case have a lot more to gain from the technology. That may explain some of the relative popularity outside the US. [1] https://blockchain.info/charts/estimated-transaction-volume?timespan=2years https://blockchain.info/charts/estimated-transaction-volume?...