Ali believes that the current phase can be described as Bitcoin season two, signifying a mature, thriving free market where developers are actively involved. He expressed optimism for the Bitcoin ecosystem, highlighting the potential for over 2,000 solutions when developers are motivated to innovate. Ali also emphasized the low percentage of capital currently deployed in the market due to investors’ reluctance to spend Layer 1 Bitcoin, indicating the early stage of Layer 2 development.
He hopes to see this number increase to 1%, 5%, or even 10% in the future. Additionally, Ali discussed the technical and infrastructural challenges that Bitcoin encounters, particularly in terms of transaction mechanics.
