I'm not sure if the negative sentiment brought by the news that Bitcoin Ordinals browser Ord.io will cease operations on June 1st is the main reason, but Audi's price took a sharp drop. I wonder how everyone currently views Bitcoin inscriptions; I think we shouldn't dismiss them outright.



First, it's impossible for the value of Bitcoin inscriptions to completely become zero. Inscriptions are engraved on Bitcoin's Satoshis, and the carrier is BTC. In simple terms, they are special Bitcoins. You can also treat them as regular BTC for use, which is why accidental burning of inscriptions happens—mistakenly treating inscriptions as ordinary BTC and burning them with gas. Therefore, as part of Bitcoin, the value of inscriptions will always exist.

Second, Bitcoin inscriptions do not have issues like project teams running away or unlocking to cause dumps. Ordi, Sats, and other inscriptions were all fully issued before listing, similar to fully circulating memes, with no lock-up, so there’s no unlocking either. Once inscribed, they don’t depend on project teams; as long as BTC exists, they will always exist. Of course, large whales may still manipulate the market and dump to harvest profits, but transparency is relatively better.

Third, it seems that big players have been continuously supporting mainstream inscriptions. The buy and sell depth of Ordi and Sats has always been decent, with ongoing sales and purchases. Market makers haven't given up, and major exchanges still maintain spot trading for them. That’s quite rare. As long as big players are willing to support, there’s still a chance.

Fourth, with Bitcoin’s value continuously rising, as the most mature native product in the Bitcoin ecosystem—inscriptions—also have opportunities to leverage the trend. If BTC reaches 1 million, inscriptions engraved on Satoshis probably won’t head toward zero, right?! As long as mainstream exchanges don’t delist them, there should still be opportunities.
ORDI-8.57%
BTC-1.18%
SATS-5.36%
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