Threshold has repositioned from privacy infrastructure toward a tBTC-centered Bitcoin liquidity standard. Its maturity now depends less on the claim of one to one BTC collateral and threshold signing, and more on whether tBTC TVL, fee revenue, buyback funding, and signer permissionlessness improve in practice.
Investment View
The investment view is whether the post TIP 092, TIP 100 and TIP 103 tBTC focus, emissions removal, buybacks, and signer roadmap translate into revenue.