Tim Draper reignites the powder keg of the 'Bitcoin doomsday theory':
'All the functions of altcoins will eventually be pulled back to the mainnet by Bitcoin's gravity.'
At a moment of celebration when ETH hits an all-time high and Solana is embraced by institutions, this statement feels like a bucket of cold water. It is not just Draper's personal belief, but also the stark declaration of the Bitcoin fundamentalists against the 'multi-chain universe':
• The EVM boom, SOL's speed, and the hundred chains of L2 are merely temporarily off-course satellites;
• There is only one true orbit - the Bitcoin main chain, which is the safest, most decentralized, and most resistant to censorship.
Thus, the market is split in two:
One half is betting on a 'multi-chain future,' stacking positions in ETH, SOL, SUI, and APT;
The other half is betting on 'one chain to rule them all,' quietly hoarding BTC, waiting for the day of gravitational collapse.
The debate is far from over, but every new high and crash brings one side closer to the answer.
