Botanix Labs founder Willem Schroé argues that Bitcoin can capture significant value from real-world assets by connecting to the Ethereum Virtual Machine (EVM).

According to Schroé, Bitcoin needs to integrate with the broader financial system to unlock its potential. He believes that the EVM, which serves as the entry point for many real-world assets, holds the key to achieving this integration.

Despite the potential benefits, there are critics within the crypto community who express concerns about expanding Bitcoin's ecosystem. They worry that it may attract scammers and lead to the creation of "altcoins".

However, Schroé remains firm in his belief that integrating Bitcoin and Ethereum can unlock new applications with enhanced security and decentralization.

In an attempt to bridge the gap between the two ecosystems, Botanix Labs has developed a proof-of-stake layer two technology that leverages the EVM. This approach does not require forking Bitcoin, a process often associated with security and centralization risks.

A similar proposal to incorporate Ethereum functionality into Bitcoin has been motioned through Bitcoin Improvement Proposal-300 (BIP-300), also known as "drivechains". This proposal aims to allow for interoperability between the two networks.