Growing hype around Bitcoin Ordinals and BRC-20 tokens is unsustainable and will eventually fade away in a few months, according to Jan3 CEO Samson Mow. Mow notes that the spike in transaction fees, causing congestion on the Bitcoin network, is due to this growing activity.
While many in the Bitcoin community see Ordinals as a use-case that could boost Bitcoin adoption, Mow considers them just as spam clogging up the network, a “short-term money grab similar to most things on competing chains like Ethereum and Solana.” Mow believes mass adoption of Bitcoin will happen because of its use case as a saving technology and as a means of exchange, not because of “people minting JPEGs and sticking them in the chain.”
About the author - J-S Tremblay
I've been involved in the cryptocurrency world since 2016 and trading since 2019. I started Moon and Lambo in 2021. I'm passionate about crypto and love to share my knowledge. I hate bankers and I hope that cryptocurrency will change the financial world for the better. View full profile...
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