$ordi is possibly like early bitcoin Peaked at $30 just like #bitcoin in 2011 Will you buy the dip? #brc20 #ordinals

The biggest upgrade to BRC20 ever is coming in 2025. It is promising: - single transaction transfers reducing the friction of the current 2 transaction transfers. - L1 permissionless swap modules enabling BRC20 holders to earn transaction fees. - Programmable modules enabling all kinds of new functionality. - Stable coins native to Bitcoin. - L2 integration and support potentially taking some of the transaction load from L1 and evening out the miner fee spikes. This is everything we hoped for and more. It was a long time coming but this is an exciting development. The only questions that remain are: - Will Bitcoin make new highs in 2025? - Will altcoins grow in market share against Bitcoin? - Will there be another Bitcoin ecosystem boom? Let's all hope for: YES, YES, YES. $ORDI $SATS

16 years ago today the very first Bitcoin block was mined and contained the inscription: "The Times 03/Jan/2009 Chancellor on brink of second bailout for banks" Ordinals takes this history and culture of using the Bitcoin blockchain to store information to the next level, making it traceable, tradable and allowing even more possibilities. $ORDI is the first fungible token using data within Bitcoin as storage, ownership and supply and is an extension of early Bitcoin culture

As 2024 draws to a close I wanted to outline my thoughts on the Bitcoin ecosystem. After a truly wonderful year in 2023; 2024 has been a very difficult one for the Bitcoin ecosystem primarily due to: poor strategy from the top players, new unnecessary tokens fragmenting liquidity, fragmentation of protocols, lack of clear expansion, poor UI, lack of attention and catalysts. I wanted to outline some mistakes that have been made this year and why I think that 2025 promises to be much better. The big players First of all who are the big players in the Bitcoin ecosystem? - @unisat_wallet @domodata @L1Fxyz - @okx @binance gate.io @Bybit_Official @MEXC_Official @kucoincom @bitgetglobal @HTX_Global @MEonBTC - @rodarmor @raphjaph @LeonidasNFT - @wallet @xverse @phantom - @dot_swap @pizzaswap @fractal_bitcoin Brief History - January 2023: Ordinals protocol is launched by @rodarmor creating a race to inscribe data and images on the Bitcoin network - March 2023: BRC20 protocol is launched by @domodata for the first fungible tokens on Bitcoin with the mint of $ORDI. Quickly a race to mint and inscribe the other 4 letter tickers begins. - April 2023: @unisat_wallet launches their BRC20 market place. - May 2023: gate.io lists $ORDI which causes gas war chaos and ORDI price spike to $30 - May - Oct 2023: the first brutal bear market, $ORDI falls to $3 and interest wanes - Nov 2023: Many other exchanges including @binance list $ORDI leading to a new wave of adoption. - Jan - Mar 2024: Another speculative peak, $ORDI reaches $100. - April 2024: Bitcoin halving, Runes protocol launches. Runes launches with huge hype, improves on BRC20 by enabling new functionality, UTXO based, less TXs, lower costs. - May - Now: We have been in the second bear market for most assets though some assets such as @dogbtc_ , @PupsToken, PI and FIFA have done well. $ORDI below $30. Ecosystem Hierarchy Any ecosystem you observe tends to have a key asset which acts like a blackhole for liquidity, which pushes the boundaries of the ecosystem. Since first is first is a key principle of the Bitcoin ecosystem, $ORDI has been the asset that expanded the ecosystem in this way. An ecosystem then tends to have periphery assets of high quality that rise with the primary asset, then utility coins, infrastucture coins, then beta assets of short term liquidity nature across the risk curve. A healthy ecosystem needs all of these things to function well. If an ecosystem loses its leadership or there is split liquidity, it can cause the ecosystem as a whole to stagnate. Right now we are waiting for a leader to push the Bitcoin ecosystem to the next level to 10s of Billions in market cap. Strategic Mistakes The first strategic mistake was by @unisat_wallet by pushing SATS token too hard and not ORDI the market leader. This temporarily lead to SATS flipping ORDI for a time which I would argue is bad for the ecosystem as it reduces the ecosystem expansion. Whilst $ORDI lost 80% from its peak in March, $SATS has lost 90% and overall the liquidity was shared across 2 assets. The L2 mistake. In May 2023 and Jan 2024, and with the launch of Runes, we experienced a huge spike in miner fees so naturally people got to work on designing L2s to reduce trading fees. @MerlinLayer2 @satoshivm @fractal_bitcoin have all attempted to make an L2 that has market fit, easy to bridge and use, with their own tokens. We know that L2s do not actually need a native token at all, they can just use a version of Bitcoin similar to how @arbitrum on Ethereum just uses ETH. The token issuance has been a problem to get the incentives correct. @fractal_bitcoin in has poor tokenomics with only 1% of the supply initially available and all the other tokens being mined by a few entities and by the team leading to a 'down only' token price. This creates asset inflation, liquidity fragmentation, investor loses and death of the L2. Pizza Swap by @unisat_wallet is one of the worst user experiences you can imagine. To swap ORDI for BTC on fractal L2 with pizza swap a person must: 1/ buy fractal bitcoin on exchange, withdraw to fractal network 2/ bridge your ORDI to sORDI on fractal using simple bridge 3/ buy SATS 4/ bridge your SATS to bSATS on fractal using the bool bridge 5/ inscribe your sORDI and deposit to the pizza swap module 6/ swap sORDI to sBTC (ah but the pool is too small as it's not supported by anyone), 7/ unbridge the sBTC to BTC using simple bridge. Who in their right minds would do this? Compare this to @dot_swap which recently launched their V3 swaps on L1, it is literally one click to make a swap from ORDI to BTC. When L2s create asset inflation, fragment liquidity, don't support the primary assets, poor UI they are a net cost rather than a benefit. When fees on L1 are low there is also no reason to use L2, and the costs and complications of using L2 are not worth it in any scenario anyway. So we can say that L2s have been a complete disaster for the ecosystem. @MEonBTC has been a big player this cycle in the ordinals and Runes ecosystems and has chosen to not support BRC20 tokens too which is a shame. Most of the BRC20 trading has occurred on @unisat and the OKX platform, with the East using that more and the West using Runes more fragmenting the markets. Current Ecosystem How does capital currently come into the Bitcoin ecosystem: - Directly on Exchanges: Buy $ORDI on many exchanges. $SATS also widely available. Runes support increasing slowly. Only a few options. Currently no exchange support from UK, USA, European regulated exchanges like @krakenfx @coinbase - Bitcoin to wallet: MagicEden for Runes, not BRC20. - Bitcoin to wallet: Unisat, OKX marketplace, BRC20 and Runes - Bitcoin to wallet: Dotswap v3 (new), BRC20 and Runes Leadership and Expansion We need a leader to push into the 10s of Billions of market cap to expand the scope of the ecosystem, attract larger capital and volume and encourage infrastructure, UI improvements. $DOG is the leading Rune and currently the largest asset on Bitcoin by market cap having flipped ORDI a couple of weeks ago. @LeonidasNFT has done a great job of creating a strong narrative, airdropping to OGs, getting the holder community actively engaged. With DOG rising it hasn't pushed the entire ecosystem upwards like $ORDI did yet but maybe we will feel the wealth effect if it can push into multiple billions. DOG is still not available on many exchanges, but volume is good, holders are growing and the DOG army is loud. $ORDI seems to me like the natural leader of the ecosystem, first is first and all that. ORDI rising would create the wealth effect for the whole ecosystem undoubtedly. ORDI finds itself a little cut off from Western exchanges like @coinbase and @kraken and also by @MEonBTC on-chain. Someone from the UK, USA is forced to use VPN or @unisat which is much less liquid but $ORDI is the most widely available asset on exchanges with the largest volume and liquidity. Next Steps What catalysts could push the Bitcoin ecosystem to the next level in 2025? - @kraken, @coinbase enter the Bitcoin ecosystem and list $ORDI opening up big capital from the USA, UK and Europe driving the leader to multiple billions and creating the wealth effect for the rest of the ecosystem. - DOG taking the lead and pushing to multiple billions and attracting new people to the ecosystem. - BRC20 2.0 pushes Brc20 and Runes closer together. @domodata @rodarmor work together to merge the protocols and create a clearer consensus. - @dot_swap and Pizza swap gain big capital partners, and push the on-chain innovation to the next level. - L2s and inflationary tokens are put on the back burner with focus on the basics, liquidity support for the major assets, improved UI and partners. Disclosure I own $ORDI, $SATS, $DOG, $PIZZA, $DOTSWAP mentioned in this post. Please DYOR and manage your own risk. Let me know your thoughts on what might drive the Bitcoin ecosystem higher in 2025 ❤️

Coinbase Exchange @coinbase @CoinbaseExch listed $ORDI perpetual markets back in April 2024 but still has no ORDI spot markets. ORDI army can email their listing team here: coinbaseex.qualtrics.com/jfe… and request that they add ORDI spot trading. I filled out the form today with this message: // Hi there I am a long time user of Coinbase based in the UK. $ORDI is the first fungible token ever on Bitcoin, the most widely known, the most actively traded and the most widely available of all assets on Bitcoin. ORDI has gained a wide following as the trailblazing asset on the world's largest cryptocurrency network. It inspired a new ecosystem of growth and development on the Bitcoin network including marketplaces, wallets, Defi and later runes. ORDI has nearly 2 years of high trading volume and investor interest but there is still limited access to ORDI for US and UK based investors. ORDI is fully diluted and has no team or execution risk. @coinbase can still play a key role in growing the on-chain Bitcoin economy by providing millions of US, UK and European investors access to $ORDI and the hence the Bitcoin economy. ORDI wins, Bitcoin wins, everyone wins. Your faithful customer//

ORDI compared to first cycle Bitcoin 2011-13 - ORDI topped in May 2023 near $30 - Bottomed 6 months later in October 2023 at $2.87 - We then surged ahead on the @binance listing before the halving to $100 - Then had a big pullback to $25 Bitcoin was around $70 at this time and ORDI is currently $36. Can we catch up and break to new highs?

$ORDI is ready for Billions soon Currently testing the lower bound again

Kraken exchange @krakenfx currently has ORDI perpetual markets but not ORDI spot markets. ORDI army can email their support team here: support@kraken.com and request that they add ORDI spot trading. this is the email i sent to kraken support: //Hi there I am a long time user of Kraken exchange. I can see that you have $ORDI listed on your exchange but only for trading perpetuals. I was wondering when $ORDI would be available to purchase on the spot markets as I would be interested in accumulating this coin and it is currently quite difficult to buy for someone in the UK with limited access to crypto exchanges such as Binance, Bybit and OKex. $ORDI as the first altcoin native bitcoin represents a clear innovation and development of Bitcoin as an asset and I think it has the potential to have significant volume and investor interest. Your faithful customer//