{
  "docId": "019de070-cdb6-765d-ba2a-bbce4f399b27",
  "docSlug": "60a982ce43bb67c6592572647318f263",
  "documentTitle": "Cipher Mining | SPAC Presentation Deck | 55 slides",
  "authorId": "cipher-mining",
  "authorName": "Cipher Mining",
  "documentKindSlug": "pitchdeck",
  "documentKindLabel": "Pitch deck",
  "sourceTypeSlug": "investment_bank",
  "sourceTypeLabel": "Investment bank",
  "presentationDate": "2021-03-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.4457831,
  "pageNumber": 12,
  "pageCount": 55,
  "prevPage": 11,
  "nextPage": 13,
  "slideType": "testimonial",
  "function": "cite_precedent",
  "density": "overcrowded",
  "nDataPoints": 2,
  "notes": "The slide uses social proof to validate the market thesis by leveraging high-authority brand names.",
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de070-cdb6-765d-ba2a-bbce4f399b27/12",
  "deckHref": "/decks/019de070-cdb6-765d-ba2a-bbce4f399b27",
  "deckJsonHref": "/decks/019de070-cdb6-765d-ba2a-bbce4f399b27.json",
  "deckAnchorHref": "/decks/019de070-cdb6-765d-ba2a-bbce4f399b27#slide-12",
  "components": [
    {
      "bbox": {
        "h": 0.05,
        "w": 0.1,
        "x": 0.85,
        "y": 0.55
      },
      "kind": "image",
      "text": "Tudor",
      "attrs": null,
      "subkind": "logo",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "041a2dcd-84c7-43bb-b07f-0487904dc6da",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.1,
        "x": 0.85,
        "y": 0.9
      },
      "kind": "image",
      "text": "Tesla",
      "attrs": null,
      "subkind": "logo",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "1b0eacd9-0272-4461-9395-6cf7c9d4563e",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.1,
        "x": 0.35,
        "y": 0.15
      },
      "kind": "image",
      "text": "ARK Invest",
      "attrs": null,
      "subkind": "logo",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "2f31804d-35be-41d5-b7e2-5fff83adccdc",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.1,
        "x": 0.35,
        "y": 0.7
      },
      "kind": "image",
      "text": "Miller Value Partners",
      "attrs": null,
      "subkind": "logo",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "4763d5c8-7328-4971-99c3-4efc2935fea0",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.1,
        "x": 0.35,
        "y": 0.35
      },
      "kind": "image",
      "text": "BlackRock",
      "attrs": null,
      "subkind": "logo",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "6d30e291-0fbe-45ac-8190-5ffd0b974602",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.1,
        "x": 0.85,
        "y": 0.15
      },
      "kind": "image",
      "text": "Guggenheim",
      "attrs": null,
      "subkind": "logo",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "a2ace358-f2c7-49ab-9397-43f73a24bb56",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.1,
        "x": 0.85,
        "y": 0.35
      },
      "kind": "image",
      "text": "Square",
      "attrs": null,
      "subkind": "logo",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "cb0c4e1e-10e2-4198-9165-d6a6a52ae869",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.1,
        "x": 0.85,
        "y": 0.75
      },
      "kind": "image",
      "text": "Fidelity",
      "attrs": null,
      "subkind": "logo",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "e23bea8e-84f0-4738-bce5-ad417a364662",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.1,
        "x": 0.35,
        "y": 0.5
      },
      "kind": "image",
      "text": "MicroStrategy",
      "attrs": null,
      "subkind": "logo",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "e32a5894-0bc5-44c8-899a-175b4a7ebc8d",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.1,
        "w": 0.4,
        "x": 0.55,
        "y": 0.15
      },
      "kind": "quote",
      "text": "Our fundamental work shows that Bitcoin should be worth about $400,000",
      "attrs": null,
      "subkind": "testimonial",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "0857083d-e1c9-4795-b2e5-b6ba11838ab9",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.1,
        "w": 0.4,
        "x": 0.55,
        "y": 0.3
      },
      "kind": "quote",
      "text": "We believe that bitcoin has the potential to be a more ubiquitous currency in the future",
      "attrs": null,
      "subkind": "testimonial",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "1ca5ad68-5205-400a-9907-4bedaaf24e51",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.1,
        "w": 0.4,
        "x": 0.05,
        "y": 0.15
      },
      "kind": "quote",
      "text": "We believe bitcoin offers one of the most compelling risk-reward profiles among assets",
      "attrs": null,
      "subkind": "testimonial",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "2db78b9f-64dc-4ad4-9ec3-32e4980e2594",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.1,
        "w": 0.4,
        "x": 0.05,
        "y": 0.3
      },
      "kind": "quote",
      "text": "Cryptocurrencies are here to stay and they could take the place of gold. It is so much more functional than passing a bar of gold around",
      "attrs": null,
      "subkind": "testimonial",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "33e44a71-8565-42b8-9240-912ffbb7d5f3",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.1,
        "w": 0.9,
        "x": 0.05,
        "y": 0.85
      },
      "kind": "quote",
      "text": "... We invested an aggregate $1.50 billion in bitcoin under this policy and may acquire and hold digital assets from time to time or long-term. Moreover, we expect to begin accepting bitcoin as a form of payment for our products in the near future...",
      "attrs": null,
      "subkind": "testimonial",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "5cc78699-3e22-4eab-a200-76b7f1cb153b",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.1,
        "w": 0.4,
        "x": 0.05,
        "y": 0.45
      },
      "kind": "quote",
      "text": "Increased scrutiny of crypto-assets would accelerate institutional money into bitcoin",
      "attrs": null,
      "subkind": "testimonial",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "66ed64e4-c7d7-4cf6-95db-c196a33a0a9d",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.1,
        "w": 0.4,
        "x": 0.55,
        "y": 0.65
      },
      "kind": "quote",
      "text": "Fidelity has made a long-term commitment to the future of blockchain technology and to making digitally-native assets, such as Bitcoin, more accessible to investors",
      "attrs": null,
      "subkind": "testimonial",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "80f6542a-4bce-4035-affb-caa46f1fecfb",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.1,
        "w": 0.4,
        "x": 0.55,
        "y": 0.45
      },
      "kind": "quote",
      "text": "I also made the case for owning Bitcoin, the quintessence of scarcity premium. It is literally the only large tradeable asset in the world that has a known fixed maximum supply",
      "attrs": null,
      "subkind": "testimonial",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "c4dc7fe6-f232-4086-9c13-d5f33c3ba81f",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.1,
        "w": 0.4,
        "x": 0.05,
        "y": 0.65
      },
      "kind": "quote",
      "text": "There is no other asset that combines Bitcoin's liquidity with its upside potential",
      "attrs": null,
      "subkind": "testimonial",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "f335b855-7f3b-4ea3-b865-41af17aba48b",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.6,
        "x": 0.05,
        "y": 0.05
      },
      "kind": "title",
      "text": "Growing Bitcoin Acceptance Among Institutions...",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "28f58d6b-8b69-4ce1-a68f-8436d238b4d6",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [
    {
      "name": "authority-citation",
      "slug": null,
      "matchId": "877f5bd2-778c-4f31-89d2-de7e5ed3f77b",
      "evidence": "Using quotes from industry leaders to build credibility",
      "confidence": 0.9
    }
  ],
  "arcBeats": [
    {
      "to": 14,
      "from": 9,
      "beatId": "a5303f90-e9a9-4611-ac25-b88fe86272a6",
      "arcName": "The Sequoia Pitch",
      "arcSlug": "sequoia-pitch",
      "beatName": "Problem",
      "beatSlug": "sequoia-pitch-problem",
      "evidence": "Slides 9-14 present an overview of the investment opportunity and market dynamics.",
      "position": 0,
      "confidence": 0.8,
      "parentBeatName": "Complication",
      "parentBeatSlug": "complication"
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}