Wall Street institutions are buying, buying, buying, and the price of cabbage below 100,000 is established for institutions After meme, the Bitcoin ecosystem will explode on a large scale this month, are you ready? Bitcoin ecology L2 big hair, do you masturbate?
This bull market caught everyone off guard, I believe many people did not react, and then the bull market came in advance, I repeatedly discussed the problem of the early bull market to you last year, and the reason is very simple, because with the iteration and development of the crypto market, the number of people and institutions involved are explosive**, so in such a huge scale, there will be more and more ways to play, and more and more people will participate, so the more the bull and bear cycle will be converted in the future, and then finally the global consensus will be reached, This is how the eternal bull market is formed, until the crypto market completes the transformation and improvement of the traditional market, when the stock to currency conversion is completed, then the crypto market I think the short-term mission will be over, and it may be accompanied by a long adjustment at that time, but this process will take time and years, and we don't need to worry about it at all.
The pie is about to hit an all-time high, so let's take a look at what Wall Street institutions are doing.
BlackRock, the world's largest asset manager, is planning to add Bitcoin exposure to its Strategic Yield Opportunity** (BSIIX). BSIIX** has a total size of $36.5 billion as of March 1The total net assets of its share classes were $24.2 billion. This typically invests in fixed income and other market sectors under certain conditions. Microstrategy intends to issue $600 million aggregate principal amount of convertible senior notes maturing in a private placement offering to qualified institutional buyers. MicroStrategy intends to use the net proceeds from the ** notes to purchase additional bitcoins and use them for general corporate purposes. Everyone is buying, buying, buying, that is to say, bitcoin below 100,000 is a cabbage price, and the price is still in the city for institutions, so everyone must cherish the bitcoin in their hands. Tether issued an additional 1 billion USDT on the TRON network at 5:17 a.m. Beijing time today. The market capitalization of USDT has also reached the $100 billion mark, and this year's violent bull market is unimaginable. Yesterday a new BTC L2 project came out, the project is Mirror L2, which has already received participation from UTXO, Conflux and IMO Ventures.
Mirror L2 is a decentralized Proof of Stake (POS) BTC L2 network that is EVM-compatible and leverages BTC as gas. The team has top academic backgrounds and project experience, from:Microsoft, Google, MIT, Tsinghua Yao Ban, Samsung, Hyundai, Conflux, DecusWait. Mirror L2 currently has node election and integration tasks, which is also a big hair project of Bitcoin ecological L2, so everyone must pick up the integration task
Regarding the definition and thinking of Bitcoin L2, let's take a look
How to define Bitcoin L2 and L2 from an inclusive perspective
Recently, Bitcoin Magazine's definition of Bitcoin L2 has sparked a debate about what Bitcoin L2 is, and it turns out that the Ethereum community has also debated this issue. So how exactly do you define l2? We can analyze it from both technical and ecological perspectives, and I am more of an advocate of an inclusive perspective of L2.
Definition of L2 from a technical perspective
If you want to define L2 technically, the key is to make it distinct from L1 and centralized solutions. I think there are two key points:
1.L2 does not create new chunk space. The technical solutions for creating new block spaces are all L1 in nature.
2.L2 has to use L1 to make data available and secure, otherwise it is no different from a fully centralized solution.
But it is clear that the market is not only defined from a technical point of view, but also from an ecological point of view. Definition of L2 from an ecological point of view When L2 is defined from an ecological point of view
What we are looking at is how L2 can leverage or inherit the capabilities that L1 provides.
Let's take Bitcoin as an example to analyze what can be inherited and where it can be expanded. BTC assets This is a story that all L2 is telling, how to make trillion-scale BTC assets generate additional use cases, no matter whatWhether it is a transaction or a pledge, there is a very large room for imagination. A bridge is needed to make the assets of one blockchain system trade in another system, and the key issue here is how to make users trust this bridge and ensure the security of assets. From this point of view, all solutions to create use cases for BTC assets through the bridge can be understood as Bitcoin L2. Even BTC ETF can be understood as the L2 of Bitcoin, which is a fully centralized custody bridge that is secured by legal regulation. So what everyone is struggling with is not the problem of decentralization, but the problem of trust. Decentralized solutions can reduce the cost of trust for users and bring opportunities to new projects, but how to build a secure decentralized bridge on Bitcoin is a key problem, and whether L2 can use other features of Bitcoin to improve the security of this bridge. Also as the protocol evolves as it scales on Bitcoin, either wayOrdinals, as well as extension protocols on top of Ordinals (BRC20, etc.), Atomicals, RGB, Taproot AssetsThere will be more and more new assets on Bitcoin, and how to make this bridge scalable and can quickly support new asset types is also a huge challenge.
Analysis
Bitcoin has a shiver to a new all-time high, and then the Bitcoin ecosystem has just exploded in the past two days, and at present$ordi, $ords, $rats record highOf course, let's not talk about $STX in the early stage, it has already reached a record high In March, the Bitcoin ecosystem will fully explode, and it will revolve around BTCFI and L2 at that time, so everyone should actively participate, buy when you should buy, don't hesitate. Ordinals NFT, BRC20, and L2 all have opportunities, but remember to buy a faucet as much as possible, and if it is an inscription, you must consider the issue of liquidityIf you haven't been on a big firm and you're not a head, liquidity is definitely a problem.
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