- Spencer Yang identified Bitcoin’s need for flexible payment/app infrastructure beyond simple wealth storage.
- Fractal solves this via merge-mining, leveraging 90% of Bitcoin’s hash rate for shared security.
Spencer Yang has built his career at the intersection of crypto and user experience. He co-founded CoinMarketCap, led retail products at Coinbase, and now directs Fractal Bitcoin as managing partner of BlockSpaceForce. In a recent interview with TheStreet Roundtable, Yang laid out his vision for extending Bitcoin beyond a simple store of value.
Two and a half years ago, Yang spotted a gap. Bitcoin secures wealth but lacks flexible infrastructure for payments, applications and new protocols. He set out to fill that gap with Fractal, a network that merge-mines alongside major Bitcoin pools.
“About 90 percent of Bitcoin hash rate from mining pools like Foundry, F2Pool, Antpool and ViaBTC are merge-mining Fractal” Yang explained.
By reusing Bitcoin Core software, Fractal aligns miner rewards and network security with Bitcoin’s own protection.
Developers working on Fractal tap directly into Bitcoin’s security model. Consequently, they gain a familiar environment for experimentation. Meanwhile, applications built on Fractal inherit Bitcoin’s proven consensus and cryptographic guarantees.
Yang described three core principles guiding Fractal’s design. First, miners securing Bitcoin also earn Fractal block rewards, keeping incentives tight. Second, Fractal uses Bitcoin Script so that on-chain activity on Fractal contributes to Bitcoin’s security. Third, the network makes asset transfers between Bitcoin and Fractal seamless.
“The model is like a skyscraper full of elevators” Yang said. “Bitcoin is the first level. But if users want speed, they go to the next floor.”
This approach, he added, could ignite a new wave of Bitcoin-powered products over the next five years.
At Bitcoin 2025, scaling solutions compete for attention. Yang insists Fractal stands apart by deeply respecting Bitcoin’s core design. He challenged other teams to focus on merge-mining or similar methods that preserve Bitcoin’s security roots.
Bitcoin (BTC) is trading at $109,584 USD, down slightly by −0.64% on the day. Over the past week, BTC has climbed +3.92%, continuing its recovery trend. The monthly performance is also positive at +5.21%, while the year-to-date gain sits at +17.37% and the annual return is a robust +57.63%. BTC remains the top-performing large-cap crypto asset by market cap, currently valued at $2.18 trillion.
Technically, Bitcoin is consolidating just below its all-time high of $112,000, with price action currently oscillating between $104,000 and $110,000. This range is forming a bullish flag continuation pattern, with many traders watching for a confirmed breakout above $110,500 to ignite the next leg higher—potentially toward $115K–$120K.
Conversely, failure to hold above $106,000 could trigger a short-term correction toward the lower support zone around $100K.
On-chain and macro fundamentals remain strongly bullish. From March to early June, Bitcoin whales increased their holdings from 500K to 1.1 million BTC, signaling large-scale accumulation.
