The BTC ecosystem, with the derivation of Ordinals, BRC 20, BitVM, Runes, and Layer 2, has fallen into a predicament where the technology is becoming more and more clear, but the effect of wealth creation is getting weaker and weaker.Why? The fundamental reason is that the wealth creation only comes from the stock of capital, and the technology iteration is not able to attract the incremental capital to enter the market.

Interesting analysis! Capital attraction is crucial for sustainable wealth creation in the BTC ecosystem.