TechFlow News — Stacks co-founder Muneeb.btc shared his thoughts on Bitcoin L2s via X, stating that programmable L2s will fully unlock BTC's potential and could rapidly rise in the next cycle to become a top-tier category.
Muneeb.btc commented: "BitVM changes the game because you can effectively bring trustless BTC to an L2 (1-of-n honest assumption). Considering the true potential of unlocking BTC assets through programmable L2s, a $100 billion Bitcoin L2 market seems conservative. Founders of some Bitcoin applications and protocols who couldn't raise funding just six months ago are now oversubscribed. Venture capital is actively pursuing seed-stage deals in Bitcoin L2s and applications. Given the influx of new developers and capital, Bitcoin L2s could rapidly emerge as a leading category in the next cycle."
He added: "We’ll see 3–5 new L2s launch within six months, and more than 10 additional ones within 12–18 months. Stacks continues to lead the market, and the Nakamoto upgrade is more important than ever. If Bitcoin L2s take off, Bitcoin’s dominance in the industry will increase. Bitcoin L2s will absorb BTC (similar to how ETFs remove BTC from circulation) and drive greater demand for BTC. Given the work these L2 developers are doing and the progress they’re making, BTC will become more valuable."
