@muneeb@enjoywithouthey@GrimaldoRemade Ok, there’s $328M of sBTC in circulation, secured by $141M of STX. If there were $200B worth of sBTC in circulation, the market will demand that the ratio stays economically credible. Math on this ratio puts STX mcap at $86B, ultimately the market will decide.
This is a good time to mention that Stacks:
1. Has 600 Million USD in BTC deployed.
2. Has a thriving BTCFi ecosystem.
3. Is the only Bitcoin layer with smart contracts & 100% Bitcoin finality.
4. Let's you earn real Bitcoin yield.
5. Grayscale STX Trust + SEC Reg-A Offering
Bitcoin Defi will emerge as a prevailing narrative in the coming months.
Bitcoin is entering a new phase: expanding beyond digital gold into a useful & yield-generating asset. With BTC poised to grow from $2T to $5-10T in the coming years, there is increasing demand for secure, native BTC yield.
Here’s why Bitcoin Defi is the next big narrative and where we see the biggest opportunities forming in this space 👇
The only thing that should be in a Strategic #Crypto Reserve is #Bitcoin.
IF there is to be another it should be @Stacks $STX.
Now, if you're a hardcore Bitcoiner, you're grinding your teeth at that. Hear me out. I understand your delineation (see first sentence). But, this is why I say @Stacks if there is to be another.
1. @Stacks did things right and by the books as required by government. $STX was the 1st to register with the SEC. Luckily, this was during @realDonaldTrump's first term (est. July 10, 2019) before Gensler got in there.
I ask, what precedent is being set where chains with missing ledger history, or a controlling entity having influenced its chain, are named Before the one that did things by the books as expected and required?
2. People in Stacks value #Bitcoin - that's why they're here. Without #Bitcoin, there is no Stacks. Stacks uses Proof of Transfer to anchor to Bitcoin and inherit BTC finality in its transactions. This gives us a way to leverage smart contracts on top of BTC and program a decentralized #web3. This is how we breakdown the barriers of what big tech has done to our society. Decentralize the value (BTC). Decentralize the web (STX).
3. 98% of the other chains are now noise to me. We have Bitcoin, we have Stacks. Stacks is programmable, secured by BTC, and fast. It also continues to optimize with every release, all while not requiring BTC to change. Which we don't want BTC to change. So, why do we need the other ones?
The second sBTC cap is going live today at 10 AM ET!
It will open the door for another 2000 sBTC to enter the Stacks ecosystem and flow across DeFi protocols.
The time to unlock the Bitcoin economy and BTC liquidity is now.
🚨 HISTORIC MOMENT IN CRYPTO 🚨
The world’s first $STX transfer via X.
DeFi ON X 1ST TIME EVER!
Here, hype chasers, is any other crypto project even 1% close to this, using X for token transfer? Waiting for noise makers who said @Stacks is no good.
Get updates on @boostx_app
@Stacks won’t make progress as long as that ridiculous Welsh Corgi token takes up most of SM marketing.
I’ll donate 1 $STX to every user who promotes @stacks real potential and advises to steer clear of Welsh corgi.
a bunch of AI agents just launched on stacks to use bitcoin.
the first thing they did was to form DAOs and start funding each other.
this experiment is going wild quickly. also, shows stacks is the frontier L2 of BTC.
USDh is now the largest stablecoin on @Stacks! 🟧
Over $3M in fresh liquidity has been added to $USDh.
This is a major milestone for USDh and Bitcoin DeFi.
🟧 @Stacks - a Bitcoin L2 for smart contracts & dApps.
Stack $STX to earn $BTC or use $sBTC in DeFi, a 1:1 Bitcoin-backed asset to earn annual BTC rewards.
🧡 Soon STX will get the attention it deserves.
bitcoin l2 stacks:
1. us made / sec reg-a token offering
2. third grayscale trust
3. coinbase coin50 index
institutions like stx.
updated photo by @CryptoRank_io