Bitcoin: Here’s how Runes could revolutionize the Asian institutional market

Bitcoin Runes are experiencing a notable resurgence due to the growing interest from Asian institutional investors. This renewed enthusiasm could potentially revive the once-promising protocol. Initially launched with great excitement, the Runes protocol, designed to optimize the creation of meme coins on Bitcoin, had lost momentum. However, institutional investment in Asia is breathing new life into the project. Companies like C Squared Ventures and the Newman Group recognize Runes’ potential as a crucial blockchain infrastructure.

The protocol uses the UTXO model, ensuring smoother interactions with crypto wallets and DeFi applications. Paige Xu from OKX affirms that this model is “perfectly designed to meet the expectations of institutional investors.” Additionally, Bitcoin Runes is supported by a team of renowned engineers, guaranteeing the protocol’s reliability.