Bitcoin OG claims Layer-2 is the catalyst for this price surge.

Bitcoin OG and former maximalist Dan Held shared that integrating Layer-2 blockchains on top of Bitcoin has the potential to revolutionize the scalability and efficiency of the network. With Layer-2 solutions such as the Lightning Network, Bitcoin can process a significantly larger number of transactions per second, making it a more viable choice for everyday transactions. This scalability improvement could also lead to reduced fees and faster confirmation times, making Bitcoin even more attractive for both individuals and businesses. By leveraging layer-2 technology, Bitcoin can continue to be the leading cryptocurrency and maintain its position as the gold standard of digital assets.

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According to Bitcoin OG and former Bitcoin maximalist Dan Held, integrating Layer-2 blockchains on top of Bitcoin can unlock its true potential and push its price to unprecedented levels.

Along with the upcoming halving, the potential approval of a Bitcoin spot ETF, and the possibility of interest rate cuts in the near future, Held believes that Bitcoin decentralized finance (DeFi) could spark the largest price increase in history.

Once a Bitcoin maximalist himself, Held has recently become one of the strongest supporters of Bitcoin’s Layer-2, allowing developers to build smart contracts on the blockchain, expanding the protocol’s capabilities.

Held stated:

Currently, around $2.2 billion worth of value is locked on the Bitcoin network. According to Panter Capital, this emerging field has the potential to be worth $500 billion.