Does ORDI still have potential?

During the online communication over the weekend, many readers asked about the potential of ORDI.

My judgment on the potential of ORDI is divided into two dimensions: short-term and long-term.

In terms of the short term, which is this cycle (from now until next year), I believe ORDI still has room for growth.

As long as Bitcoin continues to rise and maintain this momentum until next year, the new assets that have emerged within its ecosystem during this cycle (including leading inscriptions, NFTs, etc.) are likely to experience asset rotation. At that time, ORDI will still perform well, but how high it can rise is unpredictable.

Previously, I mentioned in an article that ORDI can be seen as a leverage for Bitcoin.

From the current data (https://www.coingecko.com/), in the past 7 days, Bitcoin has risen by about 15%, while ORDI has risen by 22%, slightly higher than Bitcoin, but the leverage effect is not obvious. I believe that in the future, when sector rotation occurs and triggers FOMO sentiment, the leverage effect will become more pronounced.

However, from a long-term perspective, the potential of ORDI heavily relies on the development of the Bitcoin ecosystem.

If Bitcoin relies solely on the concept of "digital gold," its room for growth is limited, and ORDI's growth potential will also be constrained. If Bitcoin can develop an application ecosystem and become an application platform, its growth potential will greatly expand, and ORDI's potential will also significantly increase.

To illustrate the relationship between Bitcoin and ORDI, I used the example of the development of the art market in our country during the online communication.

From the 1950s until the 1990s, our country's economy was in a prolonged state of stagnation, and during that time, our art market (including ceramics, calligraphy, paintings, etc.) was also in a long-term price trough, with a significant disparity compared to the art markets of developed countries.

After the 1990s, with the rapid growth of our economy, the prices of our art began to soar, with many sectors' increases rivaling that of real estate, gradually catching up to internationally renowned art categories.

The fundamental reason lies in economic development. After economic prosperity, art and collectibles naturally absorb some of the capital overflow and benefit from it.

Similarly, in the Bitcoin ecosystem, assets like ORDI are equivalent to historically valuable artworks or collectibles within this ecosystem.

Therefore, the long-term potential of ORDI depends on the long-term potential of the Bitcoin ecosystem.

From the recent development of the Bitcoin ecosystem, although I still hold some hope for the application development of the Bitcoin ecosystem, my concerns are also increasing day by day. The competition within the ecosystem is fierce, and there won't be much time left for the development of Bitcoin's application ecosystem. If the precious time window is missed, even if the infrastructure of the Bitcoin ecosystem is ready, developers may not focus their main efforts on the Bitcoin platform.

Thus, from now until next year, if the Bitcoin ecosystem still fails to develop its own innovative applications, the application development of the Bitcoin ecosystem may be in danger.

Based on this judgment, I will still hold onto ORDI and other assets in the Bitcoin ecosystem. However, at some point next year, when the price of Bitcoin reaches a certain height, regardless of whether I consider selling my Bitcoin at that time, I will likely sell my ORDI and other assets in the Bitcoin ecosystem, ultimately leaving only Bitcoin and a few NFTs that I particularly like within the Bitcoin ecosystem.