I’m waiting to see whether the next phase of BTCfi is built on better incentives or better decision-making. Most products focus on creating another source of yield, but the harder problem has always been figuring out where capital should go as conditions change.
That’s why Bedrock 2.0 stands out to me. The idea behind uniBTC isn’t simply generating returns—it’s creating a routing layer for Bitcoin capital. If markets are becoming more competitive and yields are naturally compressing, then intelligent allocation may matter more than finding the next temporary opportunity.
What I find interesting is the combination of institutional-style vaults and BRclaw. One is designed to provide access to more sophisticated strategies, while the other aims to help users understand the trade-offs behind them. Crypto often assumes everyone wants to become a full-time analyst. In reality, most people just want clearer information before committing capital.
I’m not treating that as proof of success. Plenty of systems look strong before they face changing market conditions. But I do think the conversation around Bitcoin productivity is becoming more important than the conversation around headline APY. That’s the part I’m continuing to watch.