Bitcoin OG Dan Held asserts that the burgeoning Bitcoin layer-2 sector will serve as a primary narrative propelling BTC’s price to unprecedented highs in this bullish cycle. Held underscores the potential for Layer-2 blockchain integration to unlock Bitcoin’s true capabilities and drive its value to new heights. During an exclusive interview with Cointelegraph, Held envisions a scenario where Bitcoin holders can lock up their assets, stake them for yield, and utilize them as collateral for borrowing, all contributing to the bullish momentum.
He believes that alongside factors like the upcoming halving, recent Bitcoin ETF approvals, and potential interest rate cuts by the U.S. Federal Reserve, Bitcoin DeFi could ignite the most significant bull run in history. Having transitioned from a Bitcoin maximalist, Held has become a prominent advocate for Bitcoin layer-2 solutions, enabling developers to deploy smart contracts on Bitcoin and expand its protocol capabilities. Held predicts that Bitcoin will increasingly capture a substantial share of the DeFi market, competing with established platforms such as Ethereum and Solana, given its extensive user base, liquidity, and longevity.
Presently, approximately $2.2 billion in value is locked on the Bitcoin blockchain, with Panter Capital estimating a potential market size of $500 billion for this emerging sector. For further insights into the evolving DeFi Bitcoin sector and its implications for the ongoing bull run, watch the full interview on our YouTube channel and subscribe for updates!
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