> For the complete documentation index, see [llms.txt](https://docs.stacks.co/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.stacks.co/press-and-reports/bitcoin-theses-and-reports/readme.md).

# Bitcoin Theses

This list will be updated monthly and capture notable investor theses or industry commentary on Stacks and the Bitcoin ecosystem.

| Title                                                                                                                                                                                              | Outlet / Author       |          Date |
| -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | --------------------- | ------------: |
| [TradFi Tomorrow: DeFi and the Rise of Extensible Finance](https://www.paradigm.xyz/2025/03/tradfi-tomorrow-defi-and-the-rise-of-extensible-finance)                                               | Paradigm              |    March 2025 |
| 💭 [It's time to make your It’s time to make your BTC productive again](https://medium.com/@aspendigitalAMP/its-time-to-make-your-btc-productive-again-7532ea788a32)                               | Aspen Digital         |    March 2025 |
| 💭 [The Bitcoin Renaissance: Unlocking Trillions in Value](https://www.forbes.com/sites/leeorshimron/2024/08/13/the-bitcoin-renaissance-unlocking-trillions-in-value/)                             | Leeor Shimron, Forbes |   August 2024 |
| 💭 [My journey with the Blockchain Ecosystem and why do I like Stacks?](https://www.linkedin.com/pulse/my-journey-blockchain-ecosystem-why-do-i-like-stacks-ali-farid-khwaja-wkybf?ref=stacksblog) | Ali Farid Khwaja      |     July 2024 |
| 🖋️ [Bitcoin and Future Infracon Highlights](https://arkstreamcapital.medium.com/arkstream-capital-bitcoin-and-future-infracon-highlights-b9b3ac4777cd)                                            | Arkstream Capital     |     June 2024 |
| 📊 [The Build on Bitcoin Era is Here](https://mythofmoney.substack.com/p/build-on-bitcoin-era-is-here)                                                                                             | Myth of Money         | February 2024 |
| 📊 [2024 Bitcoin Halving: This Time It's Different](https://www.grayscale.com/research/reports/2024-halving-this-time-its-actually-different)                                                      | Grayscale             | February 2024 |
| 🌱 [The Year Ahead](https://panteracapital.com/blockchain-letter/the-year-ahead-2024/)                                                                                                             | Pantera               |  January 2024 |
| 🌱 [State of Bitcoin Q4 2023](https://messari.io/report/state-of-bitcoin-q4-2023)                                                                                                                  | Messari               |  January 2024 |
| 🖋️ [Notable Moments for Bitcoin in 2024](https://trustmachines.co/blog/notable-moments-for-bitcoin-in-2024/?ref=stacksblog)                                                                       | Trust Machines        |  January 2024 |
| 📙 [Bitcoin Layers: Tapestry of a Trustless Financial Era](https://bitcoinlayersreport.com/)                                                                                                       | Spartan Group         | December 2023 |
| 🧪 [A Technical History of Blockchain Design, Innovation, and Narratives](https://foundationcapital.com/a-technical-history-of-blockchain-design-innovation-and-narratives-part-i/)                | Foundation Capital    | December 2023 |
| 📊 [2024 Crypto Market Outlook](https://www.coinbase.com/nl/institutional/research-insights/research/market-intelligence/2024-crypto-market-outlook)                                               | Coinbase              | December 2023 |
| 👀 [STX Thesis Update](https://medium.com/@halp1120/stx-thesis-update-cd09b7f2cce8)                                                                                                                | Hal Press             | December 2023 |


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