“Integrating Layer 2 blockchains into Bitcoin can unlock its true potential and drive prices to unprecedented heights,” said Dan Held Bitcoin OG.
“People will take their Bitcoin and lock it up and stake it to earn rewards,” Held said in an exclusive interview with CoinDesk.com. Cointelegraph
Combined with the upcoming halving, the approval of a Bitcoin ETF, and a potential interest rate cut from the Federal Reserve, Held believes Bitcoin Decentralization (DeFi) could spark the greatest bull run in history.
Held, a former Bitcoin maximalist, has become one of the most famous layer 2 Bitcoin advocates. This allows developers to create smart contracts on the blockchain. and expand the capabilities of the protocol.
According to Held, Bitcoin could soon take over a large portion of the DeFi market, competing with platforms such as Ethereum and Solana.
“Bitcoin has the most users, the most liquidity, and will be around the longest,” Held said.
“If you are creating an app and want it to last a long time This is where you want to go.”
The Bitcoin blockchain currently has approximately $2.2 billion worth of TVL locked up. According to Panter Capital, it has the potential to be worth as much as $500 billion.
refer : cointelegraph.com
picture twitter.com/danheld
The post “Bitcoin Layer 2 will unlock its true potential and drive prices to unprecedented heights,” says Dan Held appeared first on Bitcoin Addict.