#Stacks Founder: Bitcoin Needs L2#

Stacks founder Muneeb Ali believes Bitcoin needs L2, stating that the user experience on Bitcoin's L1 won't change and will never achieve fast, cheap transactions. He argues that while the Lightning Network exists, its adoption rate is not high and its user experience is not as good as L2 solutions like Solana. Ali believes that Stacks, as a Bitcoin L2, can provide a fast transaction experience similar to Solana, and has already achieved this through the Nakamoto update. He acknowledges that Bitcoin community interest in L2s has cooled, but believes the nature and adoption rate of Bitcoin still hold immense potential. Ali also thinks the Trump administration's shift in attitude towards cryptocurrencies, along with potential Bitcoin reserve plans, will create a more favorable environment for Bitcoin development. He predicts that Bitcoin's price will end this bull cycle in Q4 2025, potentially reaching $200,000. Ali emphasizes the importance of L2s in bringing Bitcoin to a billion people, as on L1, a billion people can't even own a UTXO. He believes Bitcoin's true meaning lies in decentralization and self-custody, and that L2s can help achieve this.