Bitcoin is consolidating around builder priorities

The loudest story is not always the decisive one.

Ignoring Bitcoin because layer-2 networks looks exciting is how late-cycle mistakes compound.

That debate sits next to today’s market focus around “Public companies double share of blockchain revenue since 2022: Report.”

Treat protocol revenue as the constraint and exchange reserves as the amplifier, not the other way around.

The gap between restaking and cold storage trends is where false confidence usually builds.

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