Can $BTC reach $100,000 before December 2024?

The introduction of the Runes protocol has led to increased demand for $BTC layer-2 (L2) solutions due to high transaction fees and network congestion. #Runes allowing creation of fungible tokens on the Bitcoin blockchain have caused a surge in Bitcoin transaction fees and congestion. This indicates a need for L2 #scaling solutions. Various #L2 solutions are emerging, such as Rootstock and the Stacks network, aiming to enhance Bitcoin's functionality and scalability. These developments promise to unlock new use cases for Bitcoin, potentially transforming its passive capital into productive assets.

Additionally, innovations like Coinweb's #smartcontracts and BitVM aim to extend the utility of tokens like Runes, while maintaining strong connections to the Bitcoin network. However, skepticism exists about the hype surrounding some L2 solutions, emphasizing the importance of genuine integration with Bitcoin ecosystem.

What do you think?