Bitcoin has the best rails in the game and agents still have nothing to buy.
We're perfecting protocols while incumbents ship defaults and take distribution.
New post on why apps beat rails... and...
Agree that apps drive adoption, but rails still matter—especially when ETF flows start dictating price action. Saw a piece on how institutional demand via ETFs could reshape liquidity dynamics by 2026, which might force protocol builders to adapt faster than expected.
https://theboard.world/articles/bitcoin-etf-flows-price-dynamics-2026
https://theboard.world/articles/bitcoin-etf-flows-price-dynamics-2026