#Bitcoin investors are entering a new era of yield. The war between Bitcoin treasury companies and real onchain yield is just beginning. Takeaways from our latest episode with @syrupsid ↓
Wall Street is trying to monetize #Bitcoin with equity, not yield. ➤ Saylor’s playbook uses debt, converts, and equity layers ➤ But most treasury firms aren't earning yield on Bitcoin itself ➤ They rely on BTC appreciation + financial engineering Bitcoin as a capital asset… or as collateral?
@syrupsid Maple’s approach: native #Bitcoin yield, not just exposure ➤ Lend BTC → gets staked → receive BTC yield ➤ No taxable disposal, no wrapped tokens ➤ Yield paid back in Bitcoin, not “magical internet money” Yield without leaving Bitcoin behind.
@syrupsid Why institutions are finally warming up to #Bitcoin yield ➤ Many added BTC in past 12–24 months ➤ They want returns without selling the asset ➤ Existing options are either too risky or too opaque New buyers = new expectations.
@syrupsid Bitcoin OGs still prefer securitization to tokenization ➤ They survived the ICOs, Celsius, smart contract exploits ➤ More trust in Michael Saylor than DeFi wrappers ➤ Security > experimentation Survivor bias is real.
@syrupsid How about the next wave of #Bitcoin holders? ➤ More comfortable with staking, L2s, DeFi protocols ➤ Fewer ideological hangups ➤ Want native yield, not just price appreciation Bitcoin's customer base is shifting fast.
@syrupsid The #Bitcoin L2 race is still wide open ➤ Projects like Core, Babylon, and BitVM are building ➤ No killer app yet, but big capital is betting ➤ Ecosystem must deliver sustainable yield + DeFi primitives No clear winner...yet.
Why Sid is betting on token-incentivized #Bitcoin ecosystems ➤ BTC has massive institutional and retail install base ➤ New users want utility + yield ➤ These ecosystems could generate sustainable network effects Bitcoin isn’t just digital gold, it’s programmable money with many more economic possibilities.
Sid also says banks won’t win this race ➤ Legacy rails can’t support modern Bitcoin infrastructure ➤ Basel capital treatment makes BTC unprofitable for them ➤ Like private credit, crypto will be won by specialists Wall Street may enter #Bitcoin, but it won’t dominate its ecosystem.
Key takeaways: ➤ Treasury companies use financial engineering while Maple offers native yield ➤ Bitcoin L2s are in a high-stakes ecosystem arms race ➤ Institutions want BTC returns without touching ETH or Solana ➤ The next wave of adoption will demand usable, yield-bearing #Bitcoin
@syrupsid Check out the full episode & more below! ↓ ➤ YouTube 🎥: ➤ Apple 🎙️: ➤ Spotify 🎙️:
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