93/ 100
Grade A

Bitcoin

BTCSeries B+ / Pre-IPOBattle-tested (15+ years mainnet)

The only crypto asset that has earned Series B+ status. 15 years of unbroken uptime, trillion-dollar market validation, ETF approval, and no single point of failure.

Institutional Darling

Pillar Breakdown

ProblemProductTeamTokenomicsTechRisk95%92%87%93%100%90%

VC Due Diligence Summary

Solves: digital scarcity + censorship-resistant value transfer
Deflationary: fixed 21M cap, halving every 4 years
No smart contract risk (L1 is intentionally simple)
Commodity classification — clearest regulatory standing in crypto
Fair launch: no pre-mine, no insider allocation
Barrier: scalability solved via L2 (Lightning), not base layer

Detailed Scoring — 24 Sub-Criteria

Every score is deterministic. Same inputs = same output. No opinion, no bias.

Problem & Market

95%×20
Problem Clarity5/5

Digital gold thesis proven over 15 years

Market Size5/5

$1T+ market cap, global store of value

Timing5/5

Institutional adoption accelerating (ETFs approved)

Competition4/5

First mover, strongest brand, no real SoV competitor

Weighted contribution: 19 / 20

Product & Traction

92%×25
Working Product7/7

15+ years mainnet, never hacked at protocol level

User Metrics6/6

~500K daily on-chain txns, millions via Lightning/exchanges

Growth Trajectory5/6

Steady growth, ETF inflows accelerating adoption

Ecosystem5/6

Lightning Network, Ordinals, L2s growing

Weighted contribution: 23 / 25

Team & Execution

87%×15
Identity3/4

Pseudonymous founder, decentralized dev community

Track Record4/4

15 years unbroken uptime

Delivery3/4

Conservative pace, Taproot shipped 2021

Hiring3/3

Thousands of independent contributors

Weighted contribution: 13.1 / 15

Tokenomics & Treasury

93%×15
Supply Mechanics4/4

Fixed 21M cap, halving every ~4 years, no inflation surprise

Distribution4/4

Fair launch, no pre-mine, fully distributed over 15 years

Unlock Schedule4/4

No unlocks, mining-only emission with halvings

Treasury Health2/3

No central treasury (by design)

Weighted contribution: 14 / 15

Technology & Moat

100%×15
Differentiation4/4

Only truly decentralized, censorship-resistant money

Open Source3/3

Fully open source, 78K+ GitHub stars, hundreds of contributors

Security4/4

Most hash power in existence, never exploited

Network Effects4/4

Liquidity, brand, infrastructure lock-in

Weighted contribution: 15 / 15

Risk & Governance

90%×10
Regulatory2/3

ETF approved in US, but some jurisdictions hostile

Centralization3/3

Mining pools concentrated but no 51% attack viable

Smart Contract Risk2/2

No smart contracts at L1 (feature, not bug)

Legal2/2

Commodity classification, no entity to sue

Weighted contribution: 9 / 10

The Anny Confidence Score is for educational and informational purposes only — not financial advice and not investment advice. Past performance does not indicate future results. Scores reflect project fundamentals at the time of assessment and may become stale as conditions change. Anny is an AI-powered analytics platform, not a registered investment adviser. Crypto assets are volatile and you can lose your entire investment. Always do your own research before making any investment decisions.