Bitcoin's next step is BTCFi, say Layer 2 developers

Developers of Bitcoin Layer 2 solutions believe the next phase for the network will be defined by expanding its utility, CoinDesk reported. Speaking at Consensus Hong Kong, representatives from Citrea, RootstockLabs, and BlockSpaceForce emphasized that Bitcoin's scalability should focus not just on increasing throughput but on transforming it into a programmable financial base layer. Charles Cheng of BlockSpaceForce noted a growing institutional demand for Bitcoin-collateralized loans and yield strategies, predicting that Bitcoin Finance (BTCFi) could become a catalyst for new institutional capital inflows.