BTC layer-2s among the catalyst of this bull cycle, says Bitcoin OG
Adding Layer-2 blockchains on top of Bitcoin could unlock Bitcoin's true potential and boost its value to unprecedented levels, says Bitcoin OG and former top expert Dan Held.
“People are going to take bitcoin, lock it, share it to get a product. They're going to borrow on it,” Heald said apologetically in a Scientology interview.
With the upcoming halving, recent Bitcoin ETF approvals and potential interest rate cuts from the US Federal Reserve, he believes Bitcoin DeFi could spark the biggest bull run in history.
A former high-ranking Bitcoin official, Holden recently became one of the most vocal proponents of Bitcoin Layer-2s, which allow developers to build smart contracts on top of Bitcoin, expanding the capabilities of the Bitcoin protocol.
According to Held, Bitcoin will soon take a large part of the DeFi market, competing with established platforms such as Ethereum and Solana.
“Bitcoin will have a very large number of users, very liquid and very long,” Held pointed out.
“If you're going to build an app, and you're going to build it for the long haul, this is where you want to be,” he said.
Currently, the value of approximately 2.2 billion dollars is locked on the Bitcoin blockchain. According to Panther Capital, this new sector has a potential of $500 billion.
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