The hype around Bitcoin Ordinals and BRC-20 tokens is unsustainable and will fade away in a matter of months, according to JAN3 CEO Samson Mow. Here are the most important points to consider:
1. Bitcoin Ordinals and BRC-20 tokens are relatively new concepts in the cryptocurrency market. While they have generated a lot of buzz, their long-term viability remains uncertain.
2. According to Samson Mow, the hype around these tokens is unsustainable and will eventually fade away. He argues that many investors are simply jumping on the bandwagon without fully understanding the technology or the risks involved.
3. Mow believes that the cryptocurrency market will eventually shift towards more stable, established coins like Bitcoin and Ethereum. While there may be some short-term gains to be made with Ordinals and BRC-20 tokens, he warns that investors should be cautious and not get caught up in the hype.
In summary, while Bitcoin Ordinals and BRC-20 tokens may seem like exciting new opportunities in the cryptocurrency market, it’s important to approach them with caution. As Samson Mow warns, the hype around these tokens is unsustainable and will likely fade away in the coming months. Instead, investors should focus on more established coins like Bitcoin and Ethereum for long-term stability and growth.