stacks.btc: Bitcoin L2 may rise rapidly in the next cycle and become a top category

Co-founder of stacks.btc Muneeb.btc shared his views on Bitcoin L2 in X, stating that programmable L2 will fully unleash the potential of BTC. The $100 billion Bitcoin L2 market is just a conservative estimate, and Bitcoin L2 may quickly rise in the next cycle to become a top category.

Muneeb.btc said: "BitVM changes the game because you can effectively move trustless BTC to L2 (1-of-n honest assumption). Considering the potential of truly unlocking BTC assets through programmable L2, the $100 billion Bitcoin L2 market seems conservative. Some founders of Bitcoin applications and protocols couldn't even raise funds six months ago but are now oversubscribed. Venture capital is chasing seed-stage transactions for Bitcoin L2 and applications. With new developers and capital pouring in, Bitcoin L2 may quickly rise in the next cycle to become a top category."

Muneeb.btc also mentioned: "There will be 3-5 new L2 launches within 6 months. Over 10 more will be launched within 12-18 months. Stacks continues to lead the market currently; Nakamoto upgrade is more important than ever before. If Bitcoin's L2 takes off, its dominant position in the industry will increase. Bitcoin's dominance over other cryptocurrencies will grow as well with increased demand due to absorbing BTC into various types of Bitcoins similar to how ETFs detach BTC from markets."