bitshala@iris.to on Nostr: What separates a resilient Bitcoin business from one that collapses? Growth alone ...

What separates a resilient Bitcoin business from one that collapses?

Growth alone doesn't guarantee durability. Business models, custody practices, counterparty exposure, and risk management all matter.

At this week's TradFi & Bitcoin Club, we continue our Early Riders’ Top 50 Bitcoin Companies series with a closer look at the companies shaping financial infrastructure around Bitcoin, alongside some of the industry's most consequential failures.

📅 Wednesday, 14 October 2026 | 8:00 PM IST | 2:30 PM UTC

📍 Join the discussion in the Bitshala Discord Lounge:
https://discord.com/invite/STeQFVEWf9

Our discussion will cover:
🔹 Lending Models: Examining the rise and collapse of BlockFi and Celsius, and the risks embedded in their business models.
🔹 Custody & Security: Comparing Anchorage Digital’s institutional custody approach with Casa’s focus on individual self-custody.
🔹 Institutional Infrastructure: Understanding the distinct roles of Galaxy and Fireblocks in financial services and digital asset infrastructure.
🔹 Bitcoin-Backed Lending: Exploring Ledn’s lending model and how it differs from failed competitors.
🔹 Systemic Failures: Drawing lessons from FTX and the Terra ecosystem, including counterparty risk and the fragility of financial models.
The goal is to look beyond the headlines and understand the underlying business decisions, incentives, and risks.

For developers, entrepreneurs, investors, and anyone interested in the intersection of traditional finance and Bitcoin, these lessons matter.