You can be forgiven if you missed out on the whole Bitcoin Ordinals thing. And Merlin. And Stacks. And Sovyrn. And Nodemonkes and all the rest of the stuff that represented the expansion of the Bitcoin network into a full fledged degen whorehouse. It takes some time to adjust to bitcoin primitive crypto.
But you can't be forgiven if you continue to miss out. Bitcoin is now a robust, multilayered defi and NFT system with everything you'd expect from an EVM. Games are coming. Bitcoin is the most trusted primitive in crypto, and the system on top of it will make people an incredible amount of money. Unfortunately, most of the best options to get in have quickly priced themselves out of most peoples' budgets. Bitcoin holders have a TON of money, and they spent it quickly to gobble up blue chip assets.
There is one overlooked blue chip option that you can get in on if you're quick, however, and that's MintLayer.
MintLayer is a Bitcoin L2 focused on defi. It will bring major functionality and convenience to Bitcoin including smart contracts and atomic swaps. Though the primitive has been established, it has yet to begin incubating a huge number of projects. Projects are what drive eyeballs and liquidity on an L2, so getting in before the devs start devving is your ticket to Xs.
You also need to make sure the L2 is actually attracting devs, lol. MintLayer has taken care of that part, showcasing Atomiq Defi as the first big project to develop on the L2. AQ is bringing atomic swaps and a suite of dapps around defi similar to Sovryn (but likely with more traction because they have Sovryn to look at for marketing mistakes).
MintLayer also has important partnerships with protocols that will expand its mindshare. Stablecomp and Portals.fi will help to bring stability to the stablecoin market on MintLayer. OrangeDX is an oldschool defi hub on Bitcoin that will attach MintLayer to BRC20s. Many more — check the MintLayer Twitter.
MintLayer is around $40M mcap as I write this, meaning it has opportunity for huge upside but has moved past all that microcap volatility that might shake you out. To me, this is the perfect spot to plant a stable base in Bitcoin L2 land and explore from there.
The current BTC selloff is providing an even better opportunity to enter across the board. MintLayer is at a discount, but its chart is strong enough to hold its pattern even as the selloff occurs. This signals strength in the current holder base. I also have it on good authority that MintLayer is gearing up for an additional marketing boost to begin in late March that will bring more eyeballs to it.
Boom. Your way into Bitcoin L2s, with a quick detour into BRC20s, ordinals and all that BTC good stuff. Thank me later.
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