@Bedrock I noticed something strange about Bitcoin.
The bigger it becomes, the less people seem willing to question how it behaves.
Everyone debates price.
Very few people debate purpose.
Bitcoin's role has remained surprisingly consistent for years.
Store value.
Protect wealth.
Wait.
That formula worked so well that it became almost untouchable.
But success has a habit of hiding inefficiencies.
And I think one of Bitcoin's biggest inefficiencies is becoming harder to ignore.
The asset participates in every crypto conversation.
Yet the capital itself often participates in very little.
That's what makes Bedrock interesting to me.
Not because it's another yield protocol.
Not because it's another BTCFi narrative.
Because it forces a different question.
Bitcoin alone represents hundreds of billions in capital that historically had very few productive paths without introducing major compromises.
BTCFi emerged because the market started recognizing that reality.
Bedrock emerged because the market started demanding solutions.
And I think we're still early in understanding the consequences.
