In 2025, the global financial system is entering a turning point. Central banks in Europe and the U.S. are gradually shifting toward monetary easing, liquidity is being released again, and risk assets are entering a new window of opportunity. Against this backdrop, Bitcoin’s role is being redefined. It is no longer just “digital gold” but is increasingly emerging as a geopolitically neutral global settlement asset.
As the core anchor asset of the crypto market, Bitcoin is being reinterpreted. Over the past decade, it has been widely understood as a “store of value,” similar to digital gold. While this narrative has achieved global consensus in terms of inflation hedging and value preservation, it is insufficient to support large-scale application expansion. Especially amid intensifying geopolitical frictions and ongoing debates about dollar hegemony, more countries and institutions are reassessing Bitcoin: it is not only an individual hedge against inflation but also a potential neutral asset for cross-border settlement.
Meanwhile, demand on the technological front is rapidly accumulating. Ethereum, through smart contracts, DeFi, and the NFT ecosystem, has already demonstrated the vast market for programmable finance. Yet Ethereum’s limitations are equally apparent: scalability issues, high gas fees, and fragmented Layer 2 solutions make it difficult to serve as a true global settlement layer. Bitcoin, with its unmatched security and consensus foundation, is naturally positioned to play this role — but it has long lacked native contract capabilities, which has been the industry’s greatest regret.
Without native smart contracts, Bitcoin’s immense consensus and security have not been fully converted into application value. Ethereum’s DeFi and NFT boom proved the potential of programmable contracts, but its high costs and scalability bottlenecks limited growth. By contrast, if Bitcoin can acquire a contract layer, it could evolve into the true underlying protocol of the global digital economy.
The emergence of the Bitcoin contract layer is therefore a historical inevitability. As a pioneer in this space, BTF, powered by the Snowball Protocol, integrates holding, value appreciation, and governance into a wealth flywheel, enabling Bitcoin’s narrative to achieve large-scale adoption for the first time.
Why Bitcoin Needs a Contract Layer
Bitcoin’s value consensus is unshakable, but its limitations are also obvious: it can only be stored and transferred — it cannot support complex applications. By contrast, blockchains like Ethereum have enabled massive financial and cultural narratives through smart contracts, but their security and decentralization fall short of Bitcoin.
Thus, the market has long faced a central contradiction: the world’s strongest network in terms of consensus and security cannot host the strongest demand for applications. The only solution is to give Bitcoin a contract layer.
TBC was created precisely to resolve this contradiction. It inherits Bitcoin’s security and scarcity while adding native smart contract and scaling capabilities. In other words, TBC does not seek to reinvent Bitcoin but to maximize the release of Bitcoin’s consensus and security.
Within this architecture, BTF plays a critical role. Through the Snowball Protocol, it creates a closed loop of capital flow, governance participation, and asset appreciation, giving the Bitcoin ecosystem its first true positive cycle of “applications as value.”
Mechanism of the BTF Snowball Protocol
At its core, the Snowball Protocol is driven by two forces: speculative holders’ net accumulation and certificate liquidity consensus from contribution-based players. In simple terms, real holding behavior is directly converted into value growth, while a 5% protocol burn is triggered when liquidity is withdrawn — constantly creating scarcity and intensifying supply-demand dynamics.
This mechanism is not merely about “reducing speculative liquidity ratios” but about building a wealth flywheel: the more people hold, the stronger the liquidity, the more stable the upward price expectation becomes, which in turn attracts further accumulation — creating a snowball-like siphon effect. Unlike pure speculative hype, this achieves a genuine experiment in community-driven autonomy.
Executed via transparent on-chain smart contracts, every step of the growth process is verifiable and immutable.
Even more importantly, it activates the power of community consensus. Through BTF’s governance framework, users are not just passive holders but active contributors to ecosystem development. This means the Snowball Protocol not only drives price appreciation but also deeply binds community consensus with value growth — forming a long-term, stable liquidity engine for Bitcoin’s contract-layer financial network.
Global Narrative and BTF’s Positioning
Bitcoin is evolving from “digital gold” to a “global settlement layer,” expanding its narrative scope. Whether it’s Layer 2, RWA, or the rise of AI, all are seeking opportunities to integrate with Bitcoin. BTF sits at the center of this transformation.
Built on the TBC contract-layer foundation, BTF is not just an incentive token — it is the liquidity engine of the Bitcoin ecosystem. Through the Snowball Protocol, BTF binds holding behavior with wealth effects and converts value growth into a sustainable positive cycle. At the same time, it enshrines scarcity as a consensus and embeds long-term upward momentum into value.
On a global scale, BTF is building new incentive hubs through community-driven expansion and offline activation programs. From Asia to Europe and the U.S., from grassroots communities to major exchanges, BTF is gradually transforming consensus into real, decentralized asset flows. This combination of consensus + mechanism + globalization positions BTF as a potential hub for Bitcoin’s contract-layer financial system.
Future Outlook: The Long-Term Value of BTF
The future Bitcoin ecosystem will not merely be a “store of value” but a complete contract-layer framework covering DeFi, NFTs, and cross-chain asset exchange. Within this system, BTF will serve as the core engine driving liquidity and consensus.
As the Snowball Protocol runs, BTF will form a self-reinforcing wealth flywheel: the more users, the larger the holdings, the stronger the liquidity and price momentum — which in turn attracts even more users and capital. In this virtuous cycle, BTF can not only power DeFi lending, DEXs, and NFT applications but also become the hub of cross-chain asset flows.
More importantly, BTF’s global layout and community-driven model enable it to capture the capital inflows and narrative dividends of the next bull cycle. It is not a mere speculative token but a long-term value anchor for Bitcoin’s contract-layer ecosystem. Looking forward, BTF has the potential to become a key force driving the next upgrade of the Bitcoin narrative.
来源：金色财经