Bitcoin’s dominance of the crypto world is due to its effectiveness as a store of value and a limited functionality approach that makes it incredibly secure.

However, more than 14 years after its birth, we’re still scratching the surface of Bitcoin’s potential. If the capital deployed in Bitcoin can be leveraged to drive the innovation we’re seeing in other areas of the crypto space, such as DeFi and NFTs, it can promote more rapid adoption of the decentralized economy.

The good news is there are a number of different projects working to make that happen, by scaling Bitcoin transactions, leveraging its security model to boost other blockchains, adding smart contract functionality and more.