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.”
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