Bitcoin Capital Efficiency with Liquid Staking Original author: Mikhil Pandey, Persistence Labs Co-Creator Original compilation by Deep Tide TechFlowThis article is the result of a “deep dive into the rabbit hole of today’s Bitcoin landscape” written by Mikhil Pandey, co-founder and chief strategy officer of Persistence Labs.Through this article, Mikhil Pandey tries to walk you through Bitcoin’s role in cryptocurrencies, today’s Bitcoin landscape, the role of the BTC liquidity pledge, and where he sees it going next.Understanding BitcoinBitcoin is a store of value?the largest peer-to-peer payment network?the world’s remittance system?digital gold?a tool for traditional financial hedging?the first ever proof-of-work blockchain?What exactly is Bitcoin and which of the above describes it?In short, I think all of them and more.The idea for Bitcoin, a first-layer blockchain originally designed for the untrusted and transparent flow of monetary value, emerged during the 2008 global financial crisis.The native digital asset driving this network, BTC, has grown from one of the boldest financial experiments of our time to become the largest cryptocurrency.Today, Bitcoin, both the network and the asset, has become a playground of finance, mechanism design and hope.•The smartest people are pushing Bitcoin into a more useful, capital efficient and programmable future•The World’s Largest Institutions Are Offering BTC ETFs To Provide Exposure To The General Public•A new generation of builders is finding unique ways to utilize the Bitcoin block space, including Ordinals, NFT, BRC-20, Runes, pledges, and more!•Bitcoin network activity is at an all-time high and generating more value (fees) for miners than ever beforeBitcoin is for everyone. the best thing is that the various perceptions of BTC are a feature, not a flaw.