The Pomp Podcast
#255: Matt Luongo on Bridging the Gap between Bitcoin and the Real-World
- Matt Luongo founded Thesis, a crypto venture studio building Fold App, Keep, and tBTC to bridge Bitcoin and Ethereum ecosystems.
- tBTC is a decentralized wrapped Bitcoin on Ethereum using micro-federations, SPV proofs, and slashing mechanisms instead of a single trusted custodian.
- Luongo describes himself as a **monetary maximalist**—valuing Bitcoin as sound money while remaining open to building with other chains for technical innovation.
- The core use case for tBTC is enabling Bitcoin holders to access DeFi yields and take stablecoin loans without selling their BTC.
- During the March 2020 market crash, Luongo viewed it as a buying opportunity and a moment for crypto teams to prove their value through product delivery.
- Luongo holds controversial views: skepticism about Bitcoin's hard cap as a long-term security model, and the belief that Ethereum's technology is valuable while its asset (ETH) is not sound money.