MetaMask announces the official launch of native support for Bitcoin (BTC)!

MetaMask, the world's leading cryptocurrency wallet, recently announced the launch of native support for Bitcoin (BTC). This means that users can directly store, transfer, and manage Bitcoin within the MetaMask wallet without the need for intermediate tools such as cross chain bridges. This marks the official opening of the native interaction channel between this wallet, which is based on the Ethereum ecosystem, and the Bitcoin network, taking a crucial step towards cross ecosystem integration of cryptocurrencies.

According to the official introduction, the native support function of Bitcoin launched this time is developed based on the Bitcoin native protocol and adopts a minimalist interactive design. After updating to the latest version, users can directly import Bitcoin addresses or generate new Bitcoin wallet addresses through the "Add Asset" function, achieving one-stop management of on chain assets supported by Ethereum, BNB Chain, and others. The product manager of MetaMask stated that the new feature has passed multiple security audits and continues the platform's consistent security standards in core areas such as private key management and transaction verification, ensuring the security of user assets.

This functional upgrade has attracted widespread attention in the industry and is seen as an important breakthrough in the interconnectivity of the cryptocurrency ecosystem. Previously, MetaMask mainly focused on the Ethereum and EVM compatible public chain ecosystem, while Bitcoin, as the world's most valuable cryptocurrency, has a large cross demand between its user base and the Ethereum ecosystem. According to data from collaborating companies, MetaMask has over 30 million monthly active users worldwide. With the integration of Bitcoin, it is expected to further expand its user coverage and introduce more ecological application scenarios for Bitcoin.

It is worth noting that this measure coincides with a critical period when the cryptocurrency market is accelerating its integration into the mainstream financial system. Recently, fintech giant PayPal announced the launch of cryptocurrency payment functionality, supporting merchants to accept over a hundred cryptocurrencies including Bitcoin, and explicitly incorporating mainstream wallets such as MetaMask into payment channels. Industry analysis points out that MetaMask's native support for Bitcoin not only enhances user convenience, but also forms synergy with payment scenarios such as PayPal, promoting the practical application of cryptocurrency in consumer scenarios.

On the market reaction level, after the announcement of the function, Bitcoin's short-term increase exceeded 2%, and the overall market sentiment of cryptocurrency rebounded. A recent report released by Citibank predicts that Bitcoin prices are expected to rise to $135000 by the end of 2025, driven by factors such as increasing demand for spot ETFs and rising user adoption rates. MetaMask's action is believed to further boost the user adoption rate of Bitcoin and provide assistance for its price growth.

For ordinary users, MetaMask's native support for Bitcoin simplifies the operational threshold for cross ecosystem asset management, avoiding the additional fees and security risks brought by cross chain tools. However, industry experts also suggest that there are still risks such as regulatory policy changes and price fluctuations in the cryptocurrency market. Users should pay attention to asset security and reasonably control investment risks when using new features. In the future, with the implementation of more cross ecological comprehensive functions, the cryptocurrency industry is expected to develop towards a more convenient and inclusive direction.