The founder of Twitter, Jack Dorsey, recently said that the Bitcoin community should focus on scaling payments in order to remain relevant. “I think it must be payments for [Bitcoin] To be relevant to the daily, “he told Haley Berkoe on Podcast 21 in 21.
I do not agree.
As a person in the trenches with Bitcoin manufacturers, who also speaks with merchants and investors, I am fundamentally disagreement with the idea that payments are the way to follow for the real adoption of Bitcoin.
The only way to develop Bitcoin’s relevance is to create more features so that everyday users do something with their bitcoin who does not imply selling or returning it (that is to say rascals). This is particularly true on the institutional side, where a good business strategy involves more than the simple BTC hold in a balance sheet.
Bitcoin is a generational asset. Understanding that most holders do not plan to sell, you should see how you keep the chain healthy. While the awards for minors shrink each cycle in half, finding lasting ways to encourage them will be a large part of the discussion on Bitcoin during the next decade. The scaling of activity in layer 2, such as batteries, which can provide intelligent contracts to the ecosystem without compromising the basic layer, creates much more opportunities than simply setting the payments alone.
Bitcoin has established itself as “digital gold” in 2025. Individuals, institutions and countries hold it as a security reserve investment. This trend does not lend itself to a future as a payment vehicle; Instead, this creates a ripe opportunity for Bitcoins to participate in Bitcoin Defi and make BTC a productive asset.
A recent research report on binances said that only about 0.8% of Bitcoin is currently used in DEFI. This means that there are nearly 1 billion of dollars in potential value unexploited on the chain if we can create a clear case to build on Bitcoin.
The central force of Bitcoin is its security, its decentralization and its finished supply. Knowing this, why would someone try to use their BTC as a form of payment? Instead, thanks to DEFI protocols, you can already fill your Bitcoin to an L2 and take Stablecoins. Since the BTC is now considered by most as a generational wealth, it becomes your best guarantee. DEFI allows you to use digital assets as payment, while keeping your BTC safely on the Bitcoin blockchain. Bitcoin DEFI unlocks BTC as the most virgin formal form.
I agree with Dorsey when he said Bitcoin would not succeed if “[Bitcoin] cannot be relevant to people on a daily basis. But we can develop lasting relevance by allowing people to do more chain via Bitcoin Defi.
All manufacturers working on platforms that extend the functionality of Bitcoin, allowing loans, loans and other financial services without compromising its security, will be the new leaders in this space. If we take advantage of these L2, we will see people create savings accounts filled with bitcoin, gain Bitcoin yield, contract loans against their bitcoin, and almost all these actions will be abstract by the scalable L2.
Bitcoin can continue to be this asset of generational wealth or reserve of value against inflation, while being an active asset through an evolving financial ecosystem.
The utility lies in the creation of opportunities to do more, not to make your purchase of morning coffee in BTC.
