NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning

BlockTower Exec: Bitcoin Unlikely To Get Ousted By Fast, Feature-Rich Crypto Assets

Nick Chong
Nick Chong
1 year ago
2 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Ari Paul, the managing partner of crypto asset investment group BlockTower, recently took to Twitter to make an intriguing claim: Bitcoin (BTC), the asset, is bigger than its own underlying blockchain. You heard that right. The industry insider, formerly of the University of Chicago’s portfolio and Susquehanna International, explained his reasoning behind this claim, and the implications it could have on the broader crypto ecosystem.

Related Reading | No One Needs An ETF & Bakkt, BTC Already Is Money: Crypto Investor

BTC > The Bitcoin Blockchain

In a recent thread on Twitter about the matter, Paul claimed that there’s a decidedly apparent difference between BTC and the blockchain itself, subsequently explaining why the former has more value than the latter.

For those who missed the memo, Bitcoin isn’t a walled garden. Far from, in fact. While the network seems independent, drifting on its own in the ether that is the digital realm, Satoshi Nakamoto made money programmable. In an evident testament to his, her, or their anti-establishment belief system, the godfather of this nascent sector left users with the ability to build on the cornerstone, even foundation that is BTC.

1/ I'm used to talking to traditional finance folks about why "blockchain not bitcoin" makes no sense. (tweestorm link below). I'm increasingly excited about crypto folks understanding that Bitcoin is bigger than the Bitcoin blockchain. https://t.co/jgq10UD0HI

— Ari Paul ⛓️ (@AriDavidPaul) February 8, 2019

Paul touched on this facet, explaining how there is a new paradigm of industry insiders that are using BTC for alternative use cases, even in other ecosystems. He explained:

“If [BTC was just transacted only on its network], that would be a problem, since the Bitcoin blockchain is first generation technology with limited throughput and features. But… BTC can be used on other protocols and networks.”

Case in point, the cryptocurrency has recently begun to see use in so-called “sidechains” and “second, third, and so-on layers.” The investor drew attention to the Lightning Network as an example, explaining that the layer two protocol allows for “numerous fast and cheap BTC transfers that are settled and secured by the main Bitcoin chain.

Related Reading | Bitcoin Lightning Network Continues To Thrive Amid Crypto Downturn

Although Lightning’s raison d’etre of improving BTC’s status as digital cash is of utmost importance, Paul noted that he believes that over time, users will begin to utilize sidechains, drivechains, and other solutions based on Bitcoin. Remarking on the importance of this trend, and the effect this could have on alternative blockchains/crypto assets, Paul wrote:

“[Bitcoin’s programmable nature] means that BTC is unlikely to be rendered obsolete by competing protocols that offer incremental improvements. It is not limited to the Bitcoin blockchain’s features or throughput limitations.”

Thus he concluded that cryptocurrencies cannot simply usurp Bitcoin’s long-standing hegemony by simply “adding features, or with incrementally better transactional throughput,” but by utilizing different governance and consensus mechanisms, monetary models, or security models.

Even still, the BlockTower head questioned the thought process that BTC will ever bite the dust. And he isn’t alone in the overt touting of this model. A.T. Kearney, a multinational management consulting firm, recently claimed that Bitcoin’s market dominance could swell to 66% from 52% in the coming months and years. The fact that institutions are focusing their crypto-related efforts on Bitcoin only cements the idea that the flagship cryptocurrency isn’t going anywhere.

Featured Image from Shutterstock
Tweet123Share232ShareSend
Nick Chong
Nick Chong

Nick Chong

I am a writer who has been following Bitcoin for years now. My insights and interviews have been featured in leading publications in the industry such as LongHash and Decrypt. I own a small amount of Bitcoin.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Bitcoin

Bitcoin SOPR Signals More Gains Ahead Despite New ATH – Analyst

In the past week, Bitcoin has grabbed the major headlines as prices surge to a new all-time high of $118,856...

Semilore Faleti 4 hours ago
Dogecoin

Dogecoin Megaphone Pattern Confirms Price Blowup, ‘Don’t Miss This Last Rally’—Analyst

Crypto analyst TradingShot has drawn attention to a bullish pattern for Dogecoin, indicating that a significant price surge is on...

Scott Matherson 5 hours ago
Bitcoin Dominance Continues Its Historic Climb – Altcoins Struggle To Gain Ground

Bitcoin Dominance Continues Historic Climb – Altcoins Struggle To Gain Ground

Bitcoin has officially entered a new chapter in its bull market, surging to fresh all-time highs near $118,800 after weeks...

Sebastian Villafuerte 8 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Bitcoin

Bitcoin Price Break Above $118,000 Just The Start, Analyst Unveils ‘Golden Number’

Scott Matherson 1 hour ago

Pi Network Turns Heads With Symbolic Transfers, $20M Volume Spike

Christian Encila 2 hours ago

Web2 Habits, Web3 Rewards: How FUNToken Makes Crypto Feel Natural

News BTC 2 hours ago

Premium Sponsors

Press Releases

  • ビットコインが11万8,000ドルの最高値を記録する中で注目すべき仮想通貨プレセール

    ...

    2 hours ago
  • 仮想通貨 おすすめ|急騰するDogwifhatとFartcoin、注目の低価格ミームコインとは?

    仮想通貨...

    2 hours ago
  • 新しい仮想通貨価格動向|話題の最新コインの成長可能性

    ...

    2 hours ago
  • アルトコイン注目銘柄|2025年7月第2週に見るべき3銘柄

    ...

    2 hours ago
  • ロビンフッドが1ドルから始めるETHとSOLのステーキングを開始──今注目の仮想通貨投資はこれだ?

    ...

    2 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.