Twitter KOL opinion｜Strong upgrade of $STX, position building and purchase

Main points:

1. Project background and upgrade highlights of $STX

Stacks is the L2 star project in the Bitcoin ecosystem.

Recently completed the upgrade of Satoshi Nakamoto, greatly improving security: Stacks can no longer fork on their own, and the difficulty of reversing transactions after confirmation is equivalent to that of Bitcoin transactions.

2. Heavy launch of sBTC

sBTC is a 1:1 Bitcoin-backed asset that will become the core asset of the programmable economy.

This upgrade will activate Bitcoin Capital Markets, enabling it to participate in DeFi and other applications on Stacks.

3. TVL expectations and price impact

With the launch of sBTC, Stacks' TVL is expected to significantly improve.

Even if the price of Bitcoin does not rise, the price of $STX will still benefit from the ecological growth brought by sBTC.

Summary:

Stacks is building the key infrastructure of the Bitcoin ecosystem through upgrades and innovations, and the launch of sBTC will open up a broader market space for it.

See the original text: https://x.com/KuiGas/status/1860864889432227917

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.