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Alex Bosworth: Price floors are crucial for BTC resilience
Alex Bosworth, head of infrastructure at Lightning Labs, emphasizes the significance of BTC holding key price floors as a demonstration of its core endurance.
He contrasts Bitcoin with traditional assets, which are supported by mechanisms such as government force, taxation, or land, stating that Bitcoin operates solely on the strength of its idea and code. Bosworth notes there is no external backstop or guarantee for Bitcoin, placing the onus on the community to maintain activity through holding, commerce, and ongoing block production.
Bosworth previously described Bitcoin's market role shifting from practical blockchain use toward monetary utility, noting that the BTC price reflects a decrease in blockchain hype. He also projected that shared UTXOs could drive Lightning Network volume to $1 trillion within the next decade. These views reflect Bosworth's focus on activity and infrastructure as key components of Bitcoin's value.
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