Bitcoin OG and former maximalist, Dan Held, believes that the integration of Layer-2 blockchains on top of Bitcoin could unleash its true potential and drive its price to unprecedented levels. In an exclusive interview with Cointelegraph, Held stated that people will begin to lock up their Bitcoin, stake it to earn yield, and even borrow against it. He believes that this, along with the upcoming halving, recent Bitcoin ETF approvals, and a potential interest rates cut from the U.S. Federal Reserve, could ignite the largest bull run in history.
Once a Bitcoin maximalist, Held has become one of the strongest advocates for Bitcoin layer-2s, which enable developers to create smart contracts on the Bitcoin network, expanding its capabilities. According to Held, Bitcoin will soon compete with established platforms like Ethereum and Solana for a significant share of the decentralized finance (DeFi) market. He highlights Bitcoin’s large user base, high liquidity, and longevity as key advantages. Held emphasizes that if developers want to build an app with longevity in mind, Bitcoin is the place to go.
Currently, approximately $2.2 billion in value is locked on the Bitcoin blockchain, but Panter Capital believes this emerging sector has a potential worth of $500 billion. To learn more about the growing DeFi Bitcoin sector and its potential impact on the current bull run, watch the full interview on our YouTube channel and make sure to subscribe!