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The recent surge in interest surrounding Bitcoin (BTC) Ordinals and BRC-20 tokens is unsustainable and will fade within months, according to JAN3 CEO Samson Mow.
“These participants are essentially paying substantial fees that go directly to Bitcoin miners, and this model cannot be sustained,” Mow stated in an exclusive interview with Cointelegraph.
“They will disappear within months, not years,” he added.
Increased activity involving Ordinals and BRC-20 – a technology enabling users to mint fungible and non-fungible tokens on the Bitcoin blockchain – has driven up transaction fees, leading to congestion on the Bitcoin network.
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While many in the Bitcoin community view Ordinals as a use case that could enhance adoption, Mow regards them as spam that clogs the network.
“These are short-term money grabs, similar to most activities on competing chains like Ethereum and Solana,” he noted.
Mow believes that Bitcoin’s mass adoption will stem from its role as a store of value and a medium of exchange, rather than “people minting JPEGs and storing them on the chain.”
To explore Mow’s arguments against Ordinals in greater detail, watch the full interview on our YouTube channel. Don’t forget to subscribe!
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