In an era marked by rising inflation, Bitcoin was conceived as a radical experiment with digital cash. However, as the global economic landscape has changed, so has the narrative surrounding BTC. It is now being discussed as a modern savings tool designed for a world where traditional savings are steadily losing their purchasing power.
The normalization of Bitcoin as a means of saving
The common framing of Bitcoin today is that it is a savings technology, digital gold, and something to be held, not used. According to Ben SAN publish on X, that framing became incomplete and ultimately wrong. This is because BTC is not intended to stand alongside fiat as another means of saving, but to replace fiat as a monetary base and a financial base that cannot be used or functioned as money.
However, for BTC to function as a form of finance, it must be usable in large numbers. That level of usability implies execution, settlement abstraction, fast interactions, and cost-effective transactions. BTC Layer 1 is designed for finality and neutrality, not to meet these requirements, and it shouldn’t be.
This is why BTC needs layer 2 to function as money. “Once you accept that Bitcoin needs L2 to be used as money, you stop asking if alts compete with Bitcoin and start asking if they serve Bitcoin,” the expert stated. If altcoin acceptance is ever possible in the BTC-first community, it will not come from alternative monetary assets. Instead, altcoin acceptance only comes from systems that hold BTC as a unit account and original asset, while extending its usability crucially without weakening its guarantees.
In these cases, ancillary tokens may be introduced, but only where BTC is structurally incapable of performing the necessary coordination or incentive functions around expressivity and yield. Furthermore, any non-BTC asset that has a legitimate chance of being accepted within community it will earn that legitimacy by filling those gaps in a way that BTC alone cannot.
History shows what happens after these Bitcoin purchases
Mattertrades crypto analyst highlighted that Bitcoin is trading above weekly resistance and the path is slow and clear. This setup is the result of Michael Saylor entering this week with his biggest purchase since July, acquiring $1.5 billion worth of BTC. The last time it did, BTC jumped to $126,000.
At the same time, news related to Morgan Stanley Capital International (MSCI) for Strategy was very bullish and actually attracted more buyers. Mattertrades concluded that a bullish case is quietly forming. If Saylor’s purchases bring in more buyers, the ripple effect will begin because when he starts collecting such large sums again, other players will follow suit.
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