*Q: What is Bitlayer?* A: Bitlayer is a Bitcoin Layer 2 network based on BitVM, aiming to enhance Bitcoin's scalability and interoperability with other blockchains.
*Q: What is the BitVM Bridge?* A: The BitVM Bridge is Bitlayer's protocol that enables secure and trust-minimized interoperability between Bitcoin and other chains, facilitating seamless asset transfers.
*Q: What are some recent milestones of Bitlayer?* A: Bitlayer has achieved several milestones, including: - The successful launch of its BTC Yield product, which was fully subscribed within 47 hours. - Strategic partnerships with Arbitrum, Celestia, StakeStone, and others. - Advancements in the BitVM Bridge, nearing mainnet launch. - Integration with wallets like Xverse, enhancing user accessibility.
*Q: How is Bitlayer contributing to the Bitcoin DeFi ecosystem?* A: Bitlayer is expanding Bitcoin's capabilities by enabling decentralized finance applications through its Layer 2 solutions, fostering a more versatile and scalable Bitcoin ecosystem.
*Q: Where can I learn more about Bitlayer's developments?* A: For detailed updates and reports, you can visit Bitlayer's official blog and Medium page. #Bitlayer #Bitlayerlabs
Bitcoin price is expected to exceed $4.81 million by 2036, according to new forecasts. A new study by Satoshi Action Education indicates a 75% chance that the price of Bitcoin will exceed $4.81 million by April 2036. The study, led by economist Murray A. Rudd, uses an updated probability model to examine how institutional supply and demand constraints affect long-term valuations. Supply and price shock scenarios in Bitcoin Updated results show a superior price of 75% at $4.81 million by April 2036. The superior performance range of 25% reaches $10.22 million, while the upper limit of 95% ranges from $11.9 million to $14.76 million, depending on the simulation parameters. In the most extreme simulations, representing 1%, the price peak approaches $50 million. The median expectations range between approximately $6.55 million and $6.96 million for the same date. The supply cap of 21 million bitcoins, along with expected cash liquidity estimated at around 3 million bitcoins, forms the basis of the supply. Long-term storage, corporate guarantees, decentralized finance (DeFi) activity, and layer two networks are expected to lead to further decreases in the tradable supply. The baseline and mid-scenarios maintain the liquid supply between 6.55 million and 6.96 million bitcoins by April 2036, alleviating extreme expectations. Pathway simulations illustrate how continuous withdrawals from trading platforms can accelerate the occurrence of liquidity shortages. If the circulating liquidity supply drops below 2 million bitcoins with reduced deflation sensitivity, the model shows that prices could rise rapidly. In the worst-case scenarios, liquid supply drops below 2 million bitcoins by January 19, 2026, and below 1 million bitcoins by December 7, 2027. Portfolio strategy implications The model also incorporates patterns of institutional accumulation, leading to slowed purchases during rising periods and increased buying during stable conditions. Furthermore, the study indicates that investor awareness of liquidity risks will be essential as reliance on it grows. $BTC #Follow