From Artificial Intelligence to Bitcoin: The Innovative Journey of Serial Entrepreneur Aki Balogh

Serial entrepreneur Aki Balogh recently founded the dlcBTC project, aiming to create a decentralized and secure DeFi solution based on Bitcoin. As an early AI practitioner, Aki chose to enter the cryptocurrency space, a decision rooted in his belief in decentralized technology.

Aki's entrepreneurial journey began with his scientific family background. In 1991, he moved to Boston with his family from Hungary. In 2011, he joined a venture capital firm in Boston and developed a strong interest in big data, AI, and machine learning. In 2013, he started his first business, creating a company that optimized SEO content by combining AI with marketing.

Despite the rapid development of the AI industry, Aki chose the cryptocurrency field. He explained: "The barriers to entry in the AI industry are getting higher and higher, and only those companies with vast computing resources and data can establish a foothold in this field. In contrast, the decentralized nature of Crypto provides more opportunities for entrepreneurs."

DlcBTC, founded by Aki, solves the centralization risks brought by using a single custodian and bridging technology in the current market through the self-custody technology on the Bitcoin chain. He believes that this technology not only enhances the security of Bitcoin in DeFi but also provides institutional investors with a more reliable Bitcoin liquidity solution.

When discussing the relationship between entrepreneurship and investment, Aki emphasized that as a founder, the primary task is to create value for customers. He believes that customer repeat purchases are the cornerstone of a company's success, so when making decisions, he often prioritizes how to provide better service to customers.

For early-stage financing, Aki shared his experience. He advised entrepreneurs to support initial research and development through consulting projects or grants and to consider venture capital only after having a preliminary product and market feedback. He believes that finding suitable venture capital partners can accelerate a company's growth.

Aki stated that the ultimate goal of dlcBTC is to build a safer asset wrapping mechanism that allows Bitcoin users to participate in investment and lending without traditional risks. He hopes to enable more Bitcoin to be safely used for investment, ultimately leading to broader financial applications.

For young entrepreneurs, Aki's advice is: "Keep an open mind, try different fields, and don't be too rigid about a certain path, because future opportunities are often unexpected."