Casa CTO: The rise of Bitcoin NFTs is a symptom of a bear market

02/19 06:53

According to Decrypt, the rise of Bitcoin NFTs is a symptom of a bear market, Casa CTO Jameson Lopp said. With prices low, block space is inexpensive. “In a bull market, it [Ordinals] would be costing people thousands of dollars to do this.” He said: “I understand that because I've thought all along that NFT art is fairly silly. Personally, I've never found value in tokenized art. It's not something that I would pay tens of thousands of dollars for so that I could say that it gives me pleasure that no one else is the owner of this art.”
bullishbullishbullish2bearishbearishbearish1LikeShare
DisclaimerThe content above does not represent HTX's positions.HTX does not provide any trading recommendations.

Related Articles

  • Image

    Bitcoin Short-Term Holder Basis Remains High Within Biggest Supply Cluster

  • Image

    What Does The Rising US Inflation Mean for Bitcoin?

  • Image

    Here’s An Estimate Of How Much Strategy Would Make On Its Bitcoin Holdings If Price Rises 30% Each Year

All Comments0LatestHot

avatar
LatestHot

Related Articles

  • Image

    Bitcoin Short-Term Holder Basis Remains High Within Biggest Supply Cluster

  • Image

    What Does The Rising US Inflation Mean for Bitcoin?

  • Image

    Here’s An Estimate Of How Much Strategy Would Make On Its Bitcoin Holdings If Price Rises 30% Each Year