Some market analysts and developers believe they know the next major catalyst or trend that could drive the price of Bitcoin (BTC) to new levels.
Bitcoin Developers Suggest Programmability to Push Price
With the approval of spot Bitcoin ETF trading by the United States Securities and Exchange Commission (SEC) and the completion of the BTC halving, many crypto enthusiasts remain concerned about what could trigger the next rally. In response, some developers highlighted that adding programmability to the Bitcoin blockchain might be the next crucial catalyst.
Compared to Ethereum (ETH) which can be used to swap coins and earn yield on its blockchain, the coin is perceived more as digital gold, a token held particularly for appreciation. The Bitcoin network is not capable of offering support to apps through the so-called smart contract functionality. Ordinarily, this functionality allows for features like self-executing agreements stored on he blockchain.
In the last few years, developers
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