A couple prominent Bitcoin adoption leaders gathered on the Nakamoto Stage at The Bitcoin 2026 Conference, making the case that an unusual industry dynamic — one where direct competitors openly collaborate — may be the defining feature of the current institutional push into the digital asset.

The panel featured David Bailey, CEO of Nakamoto Inc., Alexandre Laizet of Capital B, and Dylan LeClair of Metaplanet, moderated by George Mekhail of Bitcoin for Corporations.

Bailey started his talk to frame Bitcoin as something closer to a decentralized corporation, arguing that rising valuations at peer companies lift the broader ecosystem rather than cannibalize it. He pointed to…

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