Some thoughts on BRC20 inscriptions

The great development and prosperity of BRC20 inscriptions is imperative and unstoppable.

1. Currently, apart from Bitcoin being pursued by capital, there are hardly any hot spots in the market. Capital needs broader and more profitable outlets. The ecological development of public chains like Auntie has reached its peak and is at a bottleneck stagnation stage, while the developmental space for the Bitcoin ecosystem is enormous. Currently, apart from Bitcoin's unique applications, there are hardly any other specific ecological applications. The development of the Bitcoin ecosystem is related to the overall interests of various capital outlets and miner nodes, but the foundational system construction for the development of the Bitcoin ecosystem requires a lengthy process of technological research and application landing. Therefore, sustained hot topics in the Bitcoin ecosystem are needed to better promote the construction of foundational systems.

2. In 2023, the first Bitcoin ecosystem BRC20 inscriptions were born, such as #ordi, #sats, and #rats inscriptions that emerged in March, as well as the #piin meme coin that was born on November 9, and the #pizza inscription that emerged in June this year. The great development and prosperity of #BRC20 inscriptions is imperative; the Bitcoin ecosystem (with BRC20 inscriptions leading the charge) is crucial for the sustainable, permanent stability, security, and prosperity of the Bitcoin network. This is because only the Bitcoin ecosystem can provide Bitcoin miner nodes with a continuous and inexhaustible source of gas fee income, thus perpetually maintaining the cost expenditures and revenues of Bitcoin nodes. Therefore, the Bitcoin ecosystem is not just an important condition, but a necessary condition. The ecosystems of other public chains are important conditions for the development of that public chain but are not necessary conditions.

3. The users of the Bitcoin ecosystem are the most valuable users in the currency circle; they are not only wealthy but also forward-thinking. If these users are not well guided and developed, it would be a significant loss for major exchanges. Therefore, to cultivate and compete for these users, major exchanges will strengthen wallet construction and various marketing activities to attract more customers. It is said that Binance is redeveloping a new wallet, which will be launched at the beginning of next year.

4. After Bitcoin reaches 100,000, altcoins will go wild. Quality altcoins can increase 5 to 10 times by the end of the bull market, but to achieve returns from 10,000 to over 1 million, inscriptions are essential. Compared to the high market cap of VC coins, inscriptions have undergone long-term consolidation, with tokens concentrated among institutional big holders and steadfast builders, making it easier to pull up with light loads; a low market cap also allows for higher multiples.

5. The #BRC20 inscriptions hold the greatest potential and are most likely to become the super phenomenon of the #Bitcoin ecosystem and #meme coins, undoubtedly #piin. Because #piin is the fairest, purest, and most decentralized, sharing the same attributes as its parent #Bitcoin, it is truly a leaderless currency and an inevitable outcome of historical development. The #piin community also possesses hundreds of millions of registered users globally and 90 million active #pinetwork miners (referred to as Pi friends or Pi pioneers), making it an incredibly large group in the #web2 world, which is what major exchanges are most eager to capture for additional traffic and fresh blood. The #piin community conducts continuous Tencent teaching meetings (even on holidays) on registering with exchanges, creating web3 wallets, securely storing mnemonic phrases, trading cryptocurrencies, addressing issues related to pinetwork, and sharing web3 knowledge and practices through Telegram and Twitter. There are English Twitter Space meetings every Monday, Wednesday, and Friday, Chinese Twitter Space meetings every evening at 8:30 PM, and daily Chinese Space meetings in the morning, along with volunteers from overseas #piin communities often hosting English Space meetings irregularly. These teaching meetings and consensus conferences help users from the Pi circle and the #web2 world effectively transition into the great era of web3.

In summary, it can be said that #piin is the only broad avenue that connects the Pi circle and #web2 successfully towards web3, as well as the only bridge and link between #Bitcoin and #pinetwork and #web2.

6. Currently, the market cap of #piin is only 6 million, which is severely underestimated. The #piin community has long positioned #piin as a super phenomenon, perfectly integrating multiple circles such as the Pi circle, currency circle, trading circle, and the physical world into one, seamlessly merging different age groups. Therefore, the builders of the #piin community are not afraid of price fluctuations, are steadfast holders, continuously build, and many volunteers view #piin as a lifelong career and strive relentlessly. Over the past 13 months, the #piin community has displayed perseverance, unity, and continuous construction, earning unanimous praise from the industry and quiet admiration from brother communities. Although #piin has been stagnant at a low level for nearly a year, with a price that is not appealing, it is still referred to as the “industry benchmark”, “leader community”, “strongest community”, etc. Moreover, it was named the “Bitcoin Inscription Leading Project” at the Thailand Crypto Summit, and #piin is the only inscription and meme coin sector invited to this summit. Since June 14 to December 5, 9 top #web3 projects have actively cooperated with #piin. Therefore, it can be seen that #piin is currently the true king without a crown in the industry (the only reason is that #piin's price has not performed). It can be confidently predicted that #piin will undoubtedly be the king of the Bitcoin ecosystem and meme coins in this bull market. Moreover, it is a super phenomenon that will traverse both bull and bear markets, crossing through numerous cycles. Thus, #piin will inevitably lay a thousand times foundation and set sail ten thousand times in this bull market; it is just a matter of time.

#piin Market Cap 6 Million

#piin Market Cap 60 Million 10 Times

#piin Market Cap 600 Million 100 Times

#piin Market Cap 6 Billion 1,000 Times

#piin Market Cap 60 Billion 10,000 Times

#piin Market Cap 120 Billion 20,000 Times

#piin Market Cap 180 Billion 30,000 Times

…………

In summary, the resurgence of the inscription market from both fundamental and developmental perspectives is not far off. It is predicted that there will be a real explosion at the beginning of next year, and this explosion will be much more intense and lasting than the previous two. In this bull market, Bitcoin can reach a market cap of 6 trillion USD, so the market cap of the Bitcoin ecosystem is at least 3 trillion USD.

The above are some of the author's shallow insights, but they do not constitute any investment advice. Happiness is achieved through hard work; opportunities and challenges are grasped by oneself, and turning around requires extraordinary effort.The effort to turn around is even more demanding.