I agree. That’s why we at Core Foundation are working relentlessly to convert Bitcoin’s latent potential into real power by harnessing, productizing, and scaling its electrical capacity.

These efforts are why BTC holders, ETPs, and DATs come to Core for yield, why Core’s ecosystem is the most active in BTCFi, and why ~90% of Bitcoin mining hash power contributes to Core’s security.

Core’s introduction of Bitcoin Staking and Bitcoin DeFi marked Bitcoin’s “Lightbulb Moment,” the point where Bitcoin’s electricity became productized.

This is just like the case with physical electricity, which began as a powerful innovation with extremely limited commercial scale. The lightbulb productized electricity, yet it still did not create a scalable industry. Electricity was not ubiquitous, and it certainly was not lucrative.

It took time for builders around electricity to push the technology far enough to attract real demand and create real economic returns. That progress required distribution to deliver electricity at scale and a growing set of products that made electricity indispensable in daily life.

If there was a single catalyst that transformed electricity into a revenue engine, it was the emergence of the power grid, which accelerated both distribution and product development.

The power grid made lightbulbs, and electricity itself, scalably useful, widely adopted, and immensely profitable. Early grid providers captured all of it: soaring demand, durable revenue, network effects, and deeply entrenched customer bases.

Every new person, business, device, or application that plugged into the grid strengthened it and expanded the set of products people depended on. It created a compounding cycle that reshaped the world.

Just as with early electricity, Core has not yet achieved the scale required for escape-velocity revenue. It has, however, secured a seat at many of the most important tables in Bitcoin. Like the lightbulb, the CORE token has become associated with harnessing and making tangible the value of Bitcoin’s electrical charge. It is highly regarded by Bitcoin holders, miners, and DeFi participants, and it is a welcomed asset on their balance sheets.

But early electricity showed that being a highly regarded product is not enough. The lightbulb was a breakthrough, yet it did not make electricity indispensable. Oil lamps remained acceptable until the power grid transformed electricity from a product into the environment everything ran on.

Core now approaches a similar inflection point. The next phase is becoming ubiquitous and undeniable, not by rebuilding the lightbulb, but by fulfilling its greater role as the Bitcoin Power Grid.

This vision comes to fruition by converting proof-of-concept product utility into platform monetization, shifting from yield to revenue.

As the Bitcoin Power Grid, Core operates as a source of energy that builders pay to access so they can supercharge their Bitcoin products. This applies across all major Bitcoin use cases today, where Core offers layers of composable infrastructure that form the foundation for the next generation of BTCFi products.

Being the Bitcoin Power Grid rather than the Bitcoin Lightbulb has always been Core’s vision, which is why Core is uniquely positioned to execute it. Core is the only closed circuit in BTCFi, with both a maximally secure yield engine secured by Bitcoin’s consensus and a widely used Bitcoin DeFi ecosystem. Bitcoin Staking secures BTCFi, and BTCFi generates rewards that flow back to Bitcoin Staking.

In this model, Core becomes the base power source for revenue-generating Bitcoin products. As revenue grows for these BTCFi products, their ability to scale increasingly depends on accumulating and using CORE tokens.

CORE is the cost of entry to the Bitcoin Power Grid. Any protocol that wants to plug into Core’s composable Bitcoin infrastructure requires CORE tokens. This holds across Core’s Bitcoin Staking system, its DeFi rails, and every layer of BTCFi.

CORE is the key to accessing the Bitcoin Power Grid. One of the clearest examples is how a Bitcoin Asset Management Protocol (AMP) operates on Core. The sequence is straightforward:

More CORE → sustained yield → growing AUM → higher fees → more CORE demand.

This importance of CORE applies to every product built on Core. Even non-yield products rely on CORE, because CORE is the gas required to access BTCFi.

If a Bitcoin DeFi protocol wants to plug into Core’s EVM-compatible environment, it needs CORE.

If a BTC-backed stablecoin protocol wants to earn yield on Bitcoin and mint stablecoins in BTCFi, it needs CORE.

If a neobank wants to use Core’s rails for fast Bitcoin and stablecoin payments, it needs CORE.

Any BTCFi builder who wants real users and real revenue ultimately comes to Core.

And this compounds like a physical power grid. Each new product that plugs into the Power Grid expands the opportunity set for everyone. Users gain more functionality. Builders gain more revenue. The entire ecosystem becomes more economically productive.

This activity accelerates usage across lending markets, DEXs, and other BTCFi applications, ultimately connecting back to CORE through gas consumption, yield demand, or buybacks.

This is how BTCFi scales: provide base yield and composable infrastructure, power revenue-generating Bitcoin products, and incentivize the reinvestment of revenue back into the Power Grid to grow yields, volume, and adoption.

Instead of functioning as a product suite for Bitcoiners, Core advances its position as an economic platform earning revenue from powering and connecting builders and Bitcoiners.

This positions Coretoshis at the center of the value flow of the Bitcoin Power Grid.

People want their BTC to do two things: generate yield and serve as collateral. Core is uniquely positioned to address both needs in a way that generates meaningful revenue while serving consumers, institutions, and critically the long-term economics of the CORE token.

I previously laid out the philosophy behind the Bitcoin Power Grid. Here, I will focus on three key modules that will drive real revenue to the Bitcoin Power Grid in 2026:

Let me be clear: LSTs remain a top priority. Market appetite for liquid, yield-bearing BTC is substantial, and no provider has delivered sustainable returns or the composability needed to make LSTs undeniable. Core is working with multiple teams to launch LSTs that give users more optionality, more yield, and more ways to generate CORE demand. The range of available yield sources is stronger than ever. Layered on top of what you can do with Asset Management Protocols, lending protocols, and other yield sources, LSTs represent a hugely promising module to plug into the Bitcoin Power Grid.

Below is a simple model for how a Core-based LST converts usage into value for users and demand for CORE:

BTC LSTs can also boost CORE holder rewards via Dual Staking Marketplaces. Appealing to BTC-only stakers and CORE-only stakers alike, Dual Staking Marketplaces can allow BTC holders to mint a BTC LST and CORE holders to mint a CORE LST. The underlying BTC and CORE are staked together at the protocol level to unlock the full Dual Staking multiplier. Higher yields. More liquidity. More options.

High-yielding BTC and CORE LSTs then also move through lending markets, DEXs, and other applications which grow CORE fees, volume, and activity across the ecosystem. All of that usage ultimately flows back to CORE through gas consumption and more revenue-based buybacks.

Perhaps even more promising than DeFi usage is the potential for LSTs to become the underlying asset for yield-bearing BTC ETFs, structured products, and BTC savings accounts. Existing BTC ETFs attracted massive AUM without even changing BTC’s value proposition. Yield-bearing BTC ETFs predicated on LSTs have the potential to capture a large share of that capital while generating substantial fee revenue that reinforces CORE demand.

Yield-bearing BTC and next-gen LSTs unlock enormous financial power. The next challenge is making that power effortless to use while layering new capabilities on top. Next-gen neobanks are uniquely suited to solve this, and there’s one we’re particularly excited about to deliver value to Coretoshis and drive revenue to CORE. SatPay, offered in partnership with Mobilum, plugs into Core’s Bitcoin Power Grid and allows users to borrow against their LSTs to fund debit cards with stablecoins while earning yield, perks, and rewards for usage.

The core flow is simple. Users borrow stablecoins against yield-bearing BTC or LSTs, fund their debit card balance, and spend stables as easily as cash. Their BTC continues earning yield. The yield pays down the loan over time. Spending becomes seamless. On the backend, all of the staking, yield generation, borrowing, and key activities occur on Core.

SatPay elevates LSTs by giving them borrowing power and real-world utility. The neobank application will also integrate lending markets, DEX access, and other BTCFi applications directly, giving users a single environment to earn, borrow, manage risk, and transact while strengthening the broader ecosystem those applications depend on.

Early Coretoshis will benefit most from SatPay’s launch. Referral programs and rewards will amplify early adoption, offering meaningful upside to first movers. Some OG Coretoshis may notice a familiar echo of the original Satoshi App in the referral design, now applied at much greater scale.

Built and designed in partnership with Mobilum, one of the most experienced neobank infrastructure teams in the industry, SatPay operates directly on Core’s architecture and embeds CORE accumulation into its model. Every BTC & CORE deposit, LST minted, loan drawn, payment executed, and yield strategy accessed reinforces CORE’s centrality, becoming a high-scale consumer channel popularizing CORE usage, staking, yield demand, gas consumption, and recurring buyback pressure.

Just as neobanking unlocks access for consumers, Core’s enterprise solutions will provide institutions with the infrastructure they need to securely and sustainably expand their Bitcoin offerings. Over the coming years, every major bank, custodian, and financial institution will offer Bitcoin custody. Many are already facing pressure from clients and internal product teams to differentiate themselves and answer the inevitable question of how they plan to generate yield.

This shift mirrors patterns already visible with stablecoins as banks continue to adopt stablecoins due to superior deposit tracking, verifiable balance management, and safe internal liquidity movement. Through partnering with banks, custodians, and other major players, blockchain-native organizations have been able to generate substantial revenue via traditional finance integrations.

As these institutions continue to grow meaningful BTC balances on behalf of clients, they will need blockchain-native, Bitcoin-specific, and customizable systems to manage their positions and integrate BTC yield options. Core is uniquely positioned to provide the infrastructure these institutions will require. Its staking systems, yield engines, collateral models, and liquidity pathways have been or are being tested in production specifically designed for Bitcoin. Whether these enterprise offerings ultimately run directly on Core, on hybrid rollup frameworks, or on private ledgers that anchor to and rely upon Core, we will have plug and play Bitcoin yield infrastructure for leading institutions.

Consumer yield products bring individuals into BTCFi, SatPay carries those capabilities into everyday financial activity, and enterprise infrastructure makes CORE essential to the institutions that will hold the largest BTC balances. Each of these modules expands the reach of Core’s technology and adds new participants to a system that becomes stronger as more products and users connect to it. The Bitcoin Power Grid grows through usage, distribution, and integrated demand. CORE sits at the center of that system, powering activity across staking, liquidity, collateral, payments, and institutional deployments.

The roadmap ahead focuses on scaling these modules, deepening their interoperability, and ensuring that CORE remains the asset that channels value across the ecosystem. As new products launch and more builders rely on Core’s infrastructure, the Power Grid will continue to accumulate activity, revenue, and relevance. The strategy is unified. The architecture is in place. The next phase is execution.