Muneeb Ali Emphasizes Growth of Bitcoin L2s for 2025
Muneeb Ali, CEO of Stacks, updated his profile to "war time founder" indicating a strategic shift for 2025. This follows significant upgrades in 2024, including the Nakamoto update, enhancing transaction speed and finality on Bitcoin.
Key points from Ali's statements:
- Stacks will focus on market expansion rather than just product upgrades in 2025.
- Ali perceives a bull market driven by political changes, notably the election of Donald Trump, which may create a more favorable environment for crypto.
- He aims to achieve a user-friendly experience comparable to Solana for Bitcoin transactions.
- The Nakamoto upgrade faced phased releases, which led to some disappointment among users due to high expectations.
- Interest in building on Bitcoin is expected to rebound as Bitcoin continues to lead in adoption.
- Trump's administration may positively influence Bitcoin development and regulatory support.
- Ali predicts Bitcoin could reach $150,000 to $200,000 by the end of 2025.
- Several projects are exploring alternatives to the Lightning Network for efficient Bitcoin payments.
- Ali emphasizes the goal of onboarding one billion users to Bitcoin through L2 solutions, promoting decentralization and self-custody.
Ali will be speaking at Consensus Hong Kong in February, focusing on expanding Bitcoin's accessibility.