Galaxy Research predicts that approximately $47 billion in Bitcoin liquidity could be allocated to Bitcoin layer-2 (L2) networks by 2030. The report highlights that between January and September 2024, venture capital investment in these L2s has already reached $447 million. Notably, the second quarter of 2024 saw Bitcoin L2s capturing 44% of all venture capital in the crypto industry, with a 159% increase from the first quarter. The funding breakdown indicates $174 million raised during this period, with $105 million directed towards sidechains and $63 million towards rollups. The report suggests that the growing interest in Bitcoin, fueled by products like Bitcoin Ordinals and BRC-20 tokens, has shifted traditional venture capital views towards Bitcoin projects, moving away from seeing Bitcoin merely as 'digital gold'. As the ecosystem evolves, it is anticipated that many Bitcoin holders will seek yield opportunities, pushing capital into L2s, especially if Bitcoin reaches $100,000 by 2030.

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