Galaxy Research backs $15 million Bitcoin Security Consortium, says it wants to stay long Bitcoin

Galaxy Research's @intangiblecoins said the initiative is meant to support the Bitcoin network rather than control it, framing the consortium as a way of giving back after making money on Bitcoin.

BTC

Summary

Galaxy Research is backing the $15 million Bitcoin Security Consortium, with @intangiblecoins saying the effort is intended to support the Bitcoin network rather than exert control over it. The comment framed the consortium as a way of giving back after profiting from Bitcoin, while underscoring that the group wants to remain long Bitcoin, meaning it expects to keep holding a bullish exposure to the asset over the long term.

Terms & Concepts
  • Bitcoin Security Consortium: A group focused on supporting Bitcoin-related security efforts.
  • long Bitcoin: Holding a bullish position expecting Bitcoin to retain or gain value.