In this bull market, whoever gets the $BTC ecosystem will win the world.

BTC L2 is indeed a bit too much. Recently, Babylon received 70 million US dollars in financing from Paradigm, but it seems that ORDI is still only 50% of the high point, and Merlin is less than 30%. The whole ecosystem is a bit confusing, but generally speaking, there are several reasons for bullishness:

1️⃣The top VCs have invested heavily but have not exited. They are destined to create a climax of the story to exit.

2️⃣The BTC ecosystem has a huge stock of funds, and the annual circulation of BTC funds exceeds 3 trillion.

Pigs on the wind will fly, and the ecosystem with high liquidity has its own premium

Many BTC ecosystems can easily connect with BTC funds and be denominated through BTC. All BTC can easily become purchasing power.

3️⃣New stories can attract new retail investors

Many retail investors do not have the patience to make up for the stories on the $ETH ecosystem. $BTC is just starting out, so it is understandable that newcomers are more likely to participate in the game.

The BTC ecosystem still has 700 times of profit space to be released. If it can be as prosperous as Ethereum, it will have a value of at least 200 billion, but only 320 million has been released so far. You can do the math yourself.