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Stephan Livera, head of education and podcast host at Swan Bitcoin, comments that use of a network does not necessarily lead to token value growth.
He criticizes what he describes as misleading narratives attempting to equate the bitcoin sound money thesis with other cryptocurrencies such as ETH.
Livera has previously highlighted technical developments in Bitcoin, including his discussion of Sigbash’s introduction of covenant-like spending controls without requiring a soft fork. He has also noted the growing adoption of network upgrades, pointing out that SV2 support now covers more than 60% of Bitcoin hashrate. These observations focus on protocol improvements and mining network momentum.