Bitcoin: Muneeb Urges On-Chain Economy Push

Bitcoin must evolve into a productive asset with trading, lending and yield activity or risk losing long-term security, according to @muneeb. The fixed supply and declining block rewards will force reliance on transaction fees within 6-10 years, and those fees only materialize when users actively deploy BTC on L1 and L2s such as Stacks and Lightning.

Failure to build this on-chain economy hands Ethereum and rival chains a credible argument that Bitcoin’s blockchain lacks sufficient security to remain the dominant store-of-value. BTC price prediction models now hinge on whether L2-driven capital markets can generate meaningful L1 demand before subsidies shrink further.

Price action shows BTC at $64337.47 testing upper Bollinger resistance at $64213.12 while RSI(14) sits at 70.2 in overbought territory and MACD confirms a bullish golden cross; with momentum stretched, a healthy retracement toward the EMA50 support at $63633.01 appears probable before any sustained continuation higher.