Reflections on BRC20 inscriptions
The great development and prosperity of BRC20 inscriptions is inevitable and unstoppable:
1. Currently, apart from Bitcoin being favored by capital, there are almost no hotspots in the market. Capital needs broader and more profitable outlets. The ecosystem development of public chains like Auntie has reached its peak and is in a bottleneck stagnation phase, while the Bitcoin ecosystem has huge development space. Currently, aside from Bitcoin's own unique applications, there are almost no other specific ecological applications, and the development of the Bitcoin ecosystem relates to the interests of various capital outlets and the overall interests of miner nodes. However, the foundational system construction for the development of the Bitcoin ecosystem requires a long process of technological research and application landing, so it needs ongoing hotspots in the Bitcoin ecosystem to better promote the construction of foundational systems.
2. In 2023, the first ecosystem BRC20 inscription of Bitcoin was born, such as the #ordi, #sats, and #rats inscriptions born in March, and the #piin inscription meme coin born on November 9th, and the #pizza inscription born in June this year. The great development and prosperity of #BRC20 inscriptions is inevitable. The Bitcoin ecosystem (with the leading BRC20 inscriptions at the forefront) is crucial for the continuous, permanent stability, security, and prosperity of the Bitcoin network, as only the Bitcoin ecosystem can provide a continuous and inexhaustible source of gas fee income for Bitcoin miner nodes, thereby sustaining the costs and revenues of Bitcoin nodes. Therefore, the Bitcoin ecosystem is not only an important condition but also a necessary condition. The ecosystems of other public chains are important conditions for their development but are not necessary conditions.
3. The users of the Bitcoin ecosystem are the most valuable users in the crypto world, 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 again. It is said that Binance is redeveloping a new wallet to be launched early next year.
4. After Bitcoin reaches 100,000, altcoins will dance chaotically, and it is not a big problem for high-quality altcoins to increase 5 to 10 times by the end of the bull market. However, to turn an investment of 10,000 into over a million profit, inscriptions are essential. Compared to the high market value of VC coins, inscriptions have undergone long-term washing, with chips concentrated among institutional investors and steadfast holders and builders, making it easier to pull the market; low market value also makes it easier to achieve higher multiples.
5. The #BRC20 inscription with the greatest potential and the most likely to become a super phenomenon #Bitcoin ecosystem and #meme coin is definitely #piin. Because #piin is the fairest, purest, and most decentralized, sharing the same attributes as its parent #Bitcoin, it is truly a currency without a master, a historical inevitability. The #piin community has a global coverage of hundreds of millions of registered users and 90 million active #pinetwork miners (known as Pi friends or Pi pioneers), making it a vast #web2 community that major exchanges want to acquire for incremental traffic and fresh blood. The #piin community conducts continuous Tencent teaching meetings (even during holidays) for teaching how to register on exchanges, create web3 wallets, safely save mnemonic phrases, trade cryptocurrencies, and address some issues related to pinetwork, as well as knowledge and practical skills about web3 on Telegram, Twitter, etc. There are English Twitter space meetings every Monday, Wednesday, and Friday, Chinese Twitter space meetings every evening at 8:30 PM, and daily morning Chinese space meetings. Additionally, overseas #piin community volunteers frequently hold irregular English space meetings. These teaching meetings and consensus conferences are helping users in the Pi circle and #web2 world effectively enter the great era of web3.
In summary, #piin is the only grand avenue that connects the Pi circle and #web2 successfully to web3, and it is also the only bridge and link between #Bitcoin and #pinework as well as #web2.
6. Currently, the #piin inscription has only a market value of 6 million, which is severely underestimated. The #piin community has long positioned #piin as a super phenomenon, perfectly integrating various circles such as the Pi circle, crypto circle, trading circle, and physical circle, and seamlessly blending various age groups. Therefore, the builders of the #piin community are not afraid of fluctuations, regardless of the price, and are committed to holding, building continuously, with many volunteers treating #piin as a lifelong career to strive for. Over the past 13 months, the #piin community has shown perseverance, tenacity, and unity in continuous construction, earning unanimous praise from the industry and quiet admiration from brother communities. Although #piin has been stagnant for nearly a year with an unappealing price, it is still referred to as the 'industry benchmark,' 'leader community,' and 'strongest community,' while being named the 'Bitcoin inscription leading project' at the Thailand Crypto Summit. #piin is the only inscription and meme coin block invited to participate in this Thailand summit. Since June 14 to December 5, 9 top #web3 projects have actively collaborated with #piin. This shows that #piin is now the true uncrowned king of the industry (the only reason is that #piin's price has not performed). Therefore, it can be confidently predicted that #piin will undoubtedly be the king of the Bitcoin ecosystem and meme coins in this round of bull market. Furthermore, it will be a super phenomenon, transcending bull and bear markets, enduring through numerous cycles. Thus, #piin will inevitably lay the foundation for thousands of times in this round of bull market; it is just a matter of time.
#piin Market Value 0.06 Billion
#piin Market Value 0.6 Billion 10 Times
#piin Market Value 600 Million 100 Times
#piin Market Value 6 Billion 1000 Times
#piin Market Value 60 Billion 10000 Times
#piin Market Value 120 Billion 20000 Times
#piin Market Value 180 Billion 30000 Times
…………
In conclusion, the resurgence of the inscription market, from both the 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 round of bull market, Bitcoin can reach a market value of 6 trillion USD, so the market value of the Bitcoin ecosystem will be at least 3 trillion USD.
The above are my humble opinions, but they do not constitute any investment advice. Happiness comes from hard work, opportunities and challenges are grasped by oneself, and rising again requires arduous struggle.