It's all about how to deploy capital. Venture Capital deploys capital to build companies because it's what they know best makes them money. When it comes time for their holdings to be appraised and sold, that's when they may find a relatively small investment in the underlying asset, which Bitcoin companies values are largely based on, is the best way to make them more money. Is Coinbase worth more when Bitcoin is a $50B market cap or $500B market cap? How many $$ actually have to flow into Bitcoin to affect that change in market cap?

Thanks for liking the title. I've been thinking about it for a week.