Quetzal 🦜

Web3 Analyst 👀I Writing Threads about NFT Projects 🧵I Sharing my thoughts about this Blockchain Revolution 💭I Building in silence 🤫I Join the adventure 🦜

[Quetzal 🦜 @0xQuetzal]

Maybe you missed the hype around @RENGA_inc, so I will explain everything you need to know about that universe.

Today we'll not only talk about Renga, but also about the story of his whole creation!

As always, this is not a financial advice

It's a thread, lets gooooo 👇🏽🧵

[pvp.trade @pvp_dot_trade]

https://t.co/nLx3ARVMSW

[Teng Yan @tengyanAI]

Bitcoin will be the largest on-chain “casino” in the world.

While institutions accumulate Bitcoin as a store-of-value and “digital gold,” there is more brewing under the hood.

I'm talking about the Bitcoin network.

From its earliest days with Satoshi Dice, today Bitcoin is host to newer, more interesting forms of speculation. These include BRC-20s, Ordinals, Runes, and L2 tokens (still unproven tech).

The thesis for an explosive surge in speculative activity on the Bitcoin network in the next 6 - 12 months is simple:

➡️ Bitcoin, a $1T+ asset, holds the strongest claim to be money. Until recently, much of the capital in Bitcoin has remained passive due to limited use cases.

➡️A segment of users want to leverage their capital for entertainment, speculation, and yield generation while wanting to remain within the Bitcoin ecosystem (since they view it as hard money, unlike other cryptocurrencies)

➡️ Even a modest yet expanding portion of this capital represents a substantial sum.

Ethereum's market cap: $450B
Ethereum's TVL = $93B in Stablecoins + DeFI + NFTs

Bitcoin market cap: $1.3T (x3 more than ETH)
Bitcoin locked value in L2s & BRC-20s = ~$6B

This stark disparity implies significant growth potential.

➡️ Retail is already familiar with Bitcoin and engaging in speculation. See the videos circulating on how Chinese aunties are learning to buy BRC-20s.

@Travis_Kling's thesis of financial nihilism plays a huge role here, with limited upward mobility driving individuals to speculate for potential gains.

The convergence of these factors will lead to growing interest and capital flows into Ordinals, L2, DeFi, and other Bitcoin apps. Feels like it could mirror the explosive growth experienced on Ethereum in 2020-2021.

With Runes and new L2s launching in the coming month, plus existing L2s like @Stacks getting an upgrade to improve usability, I fully expect Bitcoin to be the hottest narrative of 2024.

[Quetzal 🦜 @0xQuetzal]

@AICoinSolana Nice lets open this xpet chest

[Quetzal 🦜 @0xQuetzal]

@xpet_tech Very bullish on this xpet

[Quetzal 🦜 @0xQuetzal]

@xpet_tech @okxweb3 Incredible this xpet im bullish

[Quetzal 🦜 @0xQuetzal]

@frenchiee De ce que j’ai pu comprendre ils pourraient continuer de monter les taux 1/2x de plus mais qqc d’autres pourrait casser. Ensuite potentiel pause des taux.. maybe moon? 🤞🏽

[Quetzal 🦜 @0xQuetzal]

@vanessasierra00 Would love to join fam

[Quetzal 🦜 @0xQuetzal]

@ryanwgmi Gm bro

[Quetzal 🦜 @0xQuetzal]

@ryanwgmi Let’s go bro !

[Quetzal 🦜 @0xQuetzal]

@davincithreads Thanks fam! Always honored by you bro ! Congrats on your 5k you deserve it a lot! ❤️❤️🙏🏽🦜

[Quetzal 🦜 @0xQuetzal]

@hongyieth Yes sirr

[Quetzal 🦜 @0xQuetzal]

@MarioNawfal It’s great for business u understand 😭

[Quetzal 🦜 @0xQuetzal]

@Rohan_0g @chriscantino For sure those use cases are gonna be fun for NFTs

But crypto doesn’t need to be saved

NFTs are just another brick on the wall

[Quetzal 🦜 @0xQuetzal]

@Rohan_0g Here to serve fam !

[Quetzal 🦜 @0xQuetzal]

@sageDsavege @frenchiee Seulement du fud imo

[Quetzal 🦜 @0xQuetzal]

@louisdazy @batsoupyum Congrats !! 🔥🔥

[Quetzal 🦜 @0xQuetzal]

@waleswoosh @sartoshi_rip @unofficialmfers Gmgm 🦜

[Quetzal 🦜 @0xQuetzal]

gm mfers

When the leader leaves, the community dies or takes the control

@sartoshi_rip left but @unofficialmfers raised

Led by the values brought by Sartoshi and inspired by Satoshi, Mfers is building a decentralized community

Let's dive into their universe 🧵👇🏼

[Quetzal 🦜 @0xQuetzal]

@seandoteth @unofficialmfers @rickymferr @glockwithdot @JohnnyCash4243 @hosssbender @ministerr @_nngmi @zhoug0x @dirk_crypto @mfer8064 @thisisnotacoin @outerlumen @pinedegen @cryptoW1p0 @BlakeWells_NFT @joker_rektguy @jpehgs @0xWeiCai My pleasure mfer 🙏🏽🦜

[Quetzal 🦜 @0xQuetzal]

@cryptoW1p0 @unofficialmfers @rickymferr @glockwithdot @JohnnyCash4243 @seandoteth @hosssbender @ministerr @_nngmi @zhoug0x @dirk_crypto @mfer8064 @thisisnotacoin @outerlumen @pinedegen @BlakeWells_NFT @joker_rektguy @jpehgs @0xWeiCai Thanks mfer, appreciate 🙏🏽🦜🔥

[Quetzal 🦜 @0xQuetzal]

@hosssbender @unofficialmfers @rickymferr @glockwithdot @JohnnyCash4243 @seandoteth @ministerr @_nngmi @zhoug0x @dirk_crypto @mfer8064 @thisisnotacoin @outerlumen @pinedegen @cryptoW1p0 @BlakeWells_NFT @joker_rektguy @jpehgs @0xWeiCai Thanks fam 🔥🦜🙏🏽