Bitcoin Layer 2 Networks — Will this be the future?

Could Bitcoin Layer 2 Solutions pave the narrative for the next market cycle and the future?

Quick recap on the Past Bull Market’s Driving Factors..

2012–2013 Bull Market

This was the period when Bitcoin first started to gain some mainstream attention. The narrative was largely about Bitcoin being a “digital gold” and an alternative to traditional fiat currencies. This bull run was driven by the growth of early cryptocurrency exchanges like Mt. Gox, which made it easier for people to buy and sell Bitcoin. Marketplaces like SilkRoad, drove adoption from populations outside of the cryptocurrency space with its elusive anonymous black market.

2016–2017 Bull Market

The narrative for this bull run was largely driven by the growing interest in blockchain technology and the rise of initial coin offerings (ICOs). Towards the end of 2017, Bitcoin futures were launched by CBOE and CME, bringing more institutional investors into the space.

2020–2021 Bull Market

This most recent bull run has been driven by a number of factors. The COVID-19 pandemic and subsequent economic fallout led many to see Bitcoin as a “digital gold” and a hedge against inflation. Additionally…