Bitcoin is increasingly being discussed for inclusion in national strategic reserves, and more and more large companies are joining the ranks of buying Bitcoin. What will happen to the Bitcoin ecosystem in this context? The development of an ecosystem requires the participation of numerous participants. If Bitcoin becomes increasingly concentrated in the hands of countries, companies, and institutions, it is not absolutely beneficial for the overall ecological development. The appearance of inscriptions has boosted the enthusiasm of people in the Crypto community, but its sustainability is not high and it has not brought in new users. At present, the development of the Bitcoin ecosystem is still in its early stages. If the construction of the Bitcoin ecosystem should refer to the experience of the Ethereum ecosystem, then after the bull market turns into a bear market, the Bitcoin ecosystem will have an opportunity to be well built. The Bitcoin ecosystem will have new narratives, but timing is crucial. BTC