Regulation has loosened, but Layer 2 is still competing? This market trend is more complicated than you think

Many people think the market is simple:
👉 Good news for bullishness = rise
But the reality is:
👉 Good news for different projects = differentiation
One side is Morgan Stanley promoting ETFs, making Bitcoin more like "digital gold";
The other side is Layer 2 solutions like Arbitrum, still competing on efficiency and ecosystem.
The question is:
👉 Which will funds choose?
The answer is:
👉 Both, but at different paces
* BTC: conservative funds
* L2: growth funds
If the 《Clarity Act》 is successfully promoted, it’s like giving the entire market a "legal framework," but it also means:
👉 Projects need to be more standardized
This is both a positive and a pressure for L2.
Strategy:
* BTC: build a core position
* L2: maintain flexibility
* Don’t chase hot topics
In one sentence:
This is not a single-track market, but a "mainstream + growth dual-track system." #Gate广场四月发帖挑战