Bitcoin OG and former maximalist Dan Held believes that the integration of Layer-2 blockchains on top of Bitcoin could unlock the true potential of Bitcoin and send its price to unprecedented heights. In an exclusive interview with Cointelegraph, Held stated that people will stake their Bitcoin to earn yield and borrow against it. He believes that together with the upcoming halving, the recent Bitcoin ETF approvals, and a potential interest rates cut from the U.S. Federal Reserve, Bitcoin DeFi could ignite the biggest bull run in history.
Held, who was previously a Bitcoin maximalist, has become one of the strongest advocates for Bitcoin layer-2s, which enable developers to create smart contracts on Bitcoin and expand the capabilities of the Bitcoin protocol. He predicts that Bitcoin will soon dominate a significant portion of the DeFi market, competing with established platforms like Ethereum and Solana. Held highlights that Bitcoin has the largest number of users, the most liquidity, and will have the longest lifespan.
At present, approximately $2.2 billion in value is locked on the Bitcoin blockchain. Panter Capital estimates that this emerging sector has a potential worth of $500 billion. To learn more about the emerging DeFi Bitcoin sector and its potential impact on the current bull run, watch the full interview on our YouTube channel and don’t forget to subscribe!