According to David Schwartz, Chief Technology Officer at Ripple, Bitcoin’s main strengths are not hosting complex smart contracts or quick payments. It is to provide a safe, reliable, minimal payment layer that other networks can rely on.
Bitcoin’s workplace proof backbone has proven its lasting power for over a decade. Its security model has attracted interest from both developers and institutions.
A secure payment backbone
Schwartz noted that the top codes are uniquely resistant to attacks due to proof-of-work mining. The design is simple, but it’s difficult to break. Investors and institutions value that certainty.
Blocking times are around 10 minutes, and even with fees that can rise during busy periods, network security remains unparalleled. Bitcoin may not match the programmable chain, but has never suffered from major protocol failures.
Layer growth and off-chain use
Based on the report, most BTC transactions today do not hit the main chain directly. Lightning Network handles micropay. Other protocols like RSK provide smart contract functionality while still locking into BTC security.
The set of real world problems solved by today’s cryptocurrency is really small. However, I think Bitcoin’s hope is that its solid layer 1 and early start, even if it’s huge, will secure its position as a currency of choice in the evolving digital asset ecosystem.
– David “Joelkatz” Schwartz (@Joelkatz) July 14, 2025
This kind of trend shows that Bitcoin’s core role will flourish. Bridges and sidechains tapped their values without clogging the base layer.
Schwartz compared Bitcoin’s wider reach to XRP used in Sidechain, where EVM competes. It is not done in the original ledger. Still, it still uses the same currency utility.
He proposed that BTC should remain “the currency of choice” in its growing digital asset system. Even if the competing network offers more flashy features, its status will remain. Users always have the option to rely on proven rails from Crypto Asset.
Security vs Feature Set
The CTO noted that real-world problems solved by cryptography remain limited in scope. Many new blockchains boast lower fees or faster speeds. Still, nothing coincides with the history of Bitcoin’s continuous operation.
Often, businesses and developers choose to lock value in BTC before moving elsewhere. It gives them peace of mind when expanding other services. This is a practical trade-off between pure security and additional features.
Market Milestones and Comparison
Bitcoin surged beyond $123,000 on Monday, pushing its market capitalization to around $2.4 trillion. This puts us ahead of Amazon, Apple, Microsoft and Nvidia. Of all assets, only gold is ranked high.
Some analysts see that milestone as evidence that the BTC rock sosidid base remains in demand. Others warn that price fluctuations could test investor nerves. However, the top six rankings by Bitcoin market capitalization speak for itself.
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