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Forecasting BTC in 2025: The Institutional Era! π
Recorded: June 11, 2025 Duration: 0:54:00Space Recording
Short Summary
The recent Bitcoin Conference in Vegas attracted around 30,000 attendees, showcasing significant growth in the crypto community. Key discussions revolved around partnerships, project launches, and emerging trends in digital collectibles and community engagement, indicating a vibrant future for Bitcoin and its ecosystem.
Full Transcription
Thank you. Thank you. Thank you. Thank you. Thank you. Hello everyone, you can hear me?
Hello, hello, you're audible.
Hi, is this Cheryl again?
Yes, and I see we've got Cynthia in the audience as well.
I've sent a follow-up to our other guests, including Nolcha, Bob Bodily, and the Carbon Guys.
Carbon Guys did get back to me a moment ago, so we should be seeing them on in just a moment.
Okay, okay, let's wait for a moment. Thank you. Thanks, Sarah.
As you come in, I will invite you as a speaker. speaker Thank you. I see a couple of reputable community members in the audience.
Appreciate you, Mo.
Appreciate your cupcake.
Good.
Welcome.
Looks like Patrick is joining from the Carbon side as well. a cupcake. Good, welcome.
Looks like Patrick is joining from the Carvin side as well.
So Carvin was one of the organizers of events at the mansion over there in Vegas.
I want to remember that they organized at the Tiger Mansion.
I could be mixing it up because the Copperfield Mansion and the Tiger Mansion are right across
from each other.
Yeah, that's not meant. Patrick, I will approve. up because the copperfield mansion and the tiger mansion are right across from each other
yeah we've got plenty to chat about there's been uh quite a bit of activity in bitcoin since the
conference it's great that we've seen some you know increased focus on spaces for the larger conversations not just etfs not just off return but a lot more going on you know it's uh it's always going to be a btc
conference with politicians now so we got to get used to that dynamic right yeah yeah that would
be great uh let's wait for sincere to accept my invite as speaker.
Guys, we usually have music to start the room, but for now please just share the room out. I'm trying to do the same from my end. I would put it in the nest to make things easy.
GM, GM, is this working?
There you are.
GM, Cynthia, how are you doing today?
Good, thanks. I accepted a few times, and then it seems to have kept throwing me down into the listeners again, to the audience again.
Good to be here with everyone. How are you guys doing?
Good, good. I think Patrick made it up also.
Hey, everyone. How's it going? Hey, Patrick. Thanks so much for joining us today. We were
expecting Nolcha and a few others as well, but like Cynthia said, spaces are being kind
of crazy today. I've had trouble seeing spaces that were scheduled today. I've had trouble
joining spaces that were scheduled today. You guys had trouble joining spaces that were scheduled today.
You guys know how it goes.
It jumps up and down with the market, right?
Yeah, absolutely.
You know, X is like a crapshoot, definitely.
Sometimes it's working really, really well, and sometimes it's pretty laggy.
So I totally understand.
But, yeah, man thanks thanks for having me um
i'll kind of be jumping in and out today um and sorry if there's some background noise i'm driving
right now but um yeah happy to be here man happy to join into the conversation uh super excited
about partnering with omnity as well uh for the event in Vegas and beyond.
So yeah, looking forward to the convo.
Appreciate you, sir.
Yeah, don't worry.
The background noise is not too bad.
We can hear you loud and clear and totally understand.
We appreciate you making time for us,
whether you're here, there, or in between.
So I think we'll give it maybe one, two more minutes, and then we'll get started,
and we'll bring up our other guests as they arrive.
I am, I don't know if you guys see this but like the normal place where i would go to like drop a comment on the spaces like and retweet it cynthia patrick can you guys see that
like maybe not patrick because you know drive safe buddy but cynthia can you see the actual
spaces post like i can't uh so it's not a it's not a bubble like it often
is it's it's that plus sign so when you
hit the plus sign you do get
the you do get the link
okay for the space however
what we can do is
I'm gonna pin to the top
it should
oh weird
I went to
Bitpush News's account and the space doesn't show up as it normally would.
You know when you start a space and then it shows up in your feed?
Yeah, it's not showing up there either, strangely.
There may be some technical issues on Twitter.
Probably.
Yeah.
I'm just glad I'm sane.
I thought it was me.
Yeah, that often happens.
Let's wait for one or two minutes to get the most biggest in.
Yeah, we'll give it just one more minute, I think, and then we can get started.
That's plenty to cover.
Yeah, yeah. Thank you so much for being here today.
I also noticed the notification service on Twitter is freezing up a lot today.
So I think they have more than just the usual spaces fever, if you want to call it that.
But yeah, it's a little more today, like cloudy weather.
Speaking of cloudy weather, we have Mo ICP in the ultimate cloud.
Yeah, absolutely. Mo is a very, very active community member.
He drew my attention to some ICP projects that I've been missing over the past week.
Big shout out to Mo for helping make sure that we don't miss the activity from the ICP ecosystem because we're always so focused on Bitcoin.
We do build on ICP, but every once in a while, we miss the forest for the trees.
So Mo's done a great job of helping us keep track of interesting ecosystem projects
right in our neighborhood. So I see that Cynthia had to take a lap on stuff there.
As soon as we get Cynthia back, let's see if we can get started.
I'm back, I think. Am I back?
You are audible. Welcome back to the Confusion Show.
So, yeah, maybe we should kick it off just talking about the Bitcoin conference itself, and we can go from there.
I think we've got a short list of questions.
I don't dare pin anything to the nest for risk of it, you know,
catching fire or doing something strange. But in the meanwhile, I think we can, you know,
settle into our initial topics to cover. Let's focus on the schedule first, because, I mean,
Cynthia, we talked about this a little bit on your, you know, every night, late night ordinal
spaces or ordinals late night spacesinal spaces or ordinal's late night
spaces and shout out to you and Mr. E for doing such a great job of dedicating yourselves to
covering every single day. Interesting news, interesting things going on. I see we've got
Nolcha with us as well. So hopefully we'll be able to get them up on stage if the gods of
Twitter spaces will allow it. But yeah, the inscribing event was really great. That was our
initial focus. There's a lot of other things going on at BTC conference. Cynthia, I wonder if you had
like a worst day or a best day because that like go, go, go jump to events. Like it's difficult,
especially when you're funded to be there. You got to soak up that ROI, right? Like, you really got to make it worth your while.
I mean, every single day was wonderful.
I was not funded to be there, technically.
So I could kind of just do whatever I would like to do.
But, you know, hopefully that changes in the future, quite frankly.
But it was a lot of fun.
I got to meet a lot of the people that I spend a lot of time with here on Twitter.
Unfortunately, we were not able to connect there, but next time for sure.
We did meet some of the interesting people, I would say, that are in the space, right?
And yeah, I think there
was no worst day. That's for sure. The only worst thing I think was not being able to go to every
event that you wanted to go to because you're limited by, you know, the space time continuum,
basically. Where's that time turner when you need one, right?
Why can't I be in two to four places at once?
And I see Nolcha has made it up to the stage.
Thanks so much for joining Nolcha team.
Are you able to speak?
Spaces has been weird today.
Yeah.
Hey, Sheldon, this is Arthur.
Hey, Arthur, thanks so much for joining the Spaces, brother.
Appreciate you jumping up.
Yeah, yeah.
We're just in and out.
We're getting ready now for NFT NYC on June 25th.
So we'll see you there.
It's going to be interesting in New York.
The weather is nice and beautiful now, but it's hitting the 90s.
So hopefully it chills out just a little bit for us.
But yeah, Bitcoin Vegas was a ride of something special.
Just getting that event together with just a few days notice
to move it to a new space and got to see everybody
and the whole community.
So that was really good.
Yeah, I don't mean to interrupt you guys
as you were talking.
Just jumped in real quick.
No, you're good.
It's been a little bit of an uncertain start.
Oh, sorry.
I don't mean to emcee for you a bit, Push.
Go ahead, please.
It's fine.
Thank you so much for being here.
And we're so excited to have the speakers here today and to have all
of our listeners get to know you uh that could you each of you please share a little bit about
who you are and what kind of work you do in crypto so we can chat a little bit. Yeah, we may start with Sincere.
Yeah, hi.
I just want to talk a little.
Like, we will just record the whole space.
And for each person, I mean, each speaker,
we will just add it, and will probably push it in the public.
And I know like you will just like attend the FDNYC with DCNYC and I live in New York
right now.
So maybe I'll just join and I can like send the news for you guys.
And after this space from Big Push, what we can do is like um like show them
i just tell show them before like we can write something for you guys and we can like it's for
free so we can do everything so thanks again for our speakers and thank you very much this is our first time to do the english space so
thank you so much and just like do some like self-introduction please thank you thank you so
much yes hey uh cynthia you were uh first on deck i think uh from the host perspective you're first
in the order if you want to introduce your work briefly you're our featured artist of the spaces
If you want to introduce your work briefly, you're our featured artist of the spaces.
Well, thank you very much. I appreciate that. So I'm a full-time artist. I work in a few different mediums. I do mainly illustration, photography, and series, which I don't think will ever stop now.
So every single day I do a physical hand-drawn piece.
It's typically Sharpie or oil paint Sharpie on cardstock.
And part of the reason I do it that way is that I can't change anything.
Once I put the mark down on the paper, I just have to keep going.
And it's sort of kind of related to
blockchain in a way, because once you put something on the blockchain, you can't erase
it or really do anything with it. So it's a little bit of a multi-layered kind of thing.
So I do a bunch of illustration photography. Like I said, I have some different collections
across different blockchains, mainly ETH, Bitcoin, and Tezos. And I've been in the space full-time
every single day since the beginning of 2021. And I don't plan on going anywhere every single night.
Mr. E, who's down in the audience there with a cyborg PFP, he and I host, as Sheldon mentioned, as Omniti mentioned, a daily space about Bitcoin,
ordinals, crypto technology, and art, and so on. And that's every single night at midnight
Eastern Standard Time or 9 p.m. Pacific. Thank you guys for having me here. Happy to be here with you.
Thank you, Cynthia and Nolcha.
Could you introduce a little bit of your work and what you do in this space?
So our listeners can know a little bit about yourself.
Definitely, definitely.
Yeah, my name is Arthur.
I'm the co-founder of Nolcha. We produce events during some of the leading crypto conferences in the world. Consensus, Eat Denver, Bitcoin Conference, NFT NYC, R-Basil.
We bring the community together through conferences, networking events, dinners, after parties,
and with the goal of onboarding new people into the industry as well.
We're coming from producing consumer branded events like New York Fashion Week for 15 years,
and now we're in the crypto space.
Thank you so much.
And Omity actually had a great discussion with Sheldon in Vegas, so it's great to have
you here.
And could you please share a little bit more about Omity's work and what's the next step
of your strategy in this space?
Yeah, absolutely. So I'm Sheldon from Omniti Network and Omniti has been a research first
organization for about six years. I joined about four and a half years ago and we've been doing
work across more than 10 different blockchains. That work has all culminated in multi-chain Bitcoin DeFi and a lot, a lot of diverse infrastructure.
We recently launched a doge bridge to the Osmosis decks.
We're upgrading features for the first open source runes decks called Rich Swap all the time.
And that means that we've got basically two different offerings.
One sort of half of the suite of offerings is for developers.
Those are technology products
that we usually refer to as middleware,
ways to build cool applications,
and then retail-facing products,
which are our multi-chain runes bridge,
moving runes between Bitcoin and EVM blockchains,
Osmosis, Ton, and others,
as well as, like I said,
the first open-sourcees dex for swap.
So we're looking forward to hosting developers on the runes exchange environment and building
out more tools for Bitcoin DeFi in general.
But yeah, that's our main sauce is that we are an ICP ecosystem project designed to raise
the future of Bitcoin DeFi.
I think we lost Patrick from Carbon,
or at least I can't see him on stage anymore.
Rough day for spaces.
Yeah, let me introduce...
Let me introduce him again.
That may be some technical issues.
That's okay. In the meanwhile, can you introduce bit push and tell us a little bit more about the experience you guys had at the conference i think that's a good kickoff is you know we
were talking about just lightly earlier and i know that bit push was doing a lot of interviews i
walked by the pit a couple of times and saw you guys catching up with a lot of different folks. Yeah, we did a lot of interviews in Vegas and that is my first time to attend this kind
of conference. It's very good from my point of view and a good crowd. I heard like 30,000 people attended there. So it's very exciting.
And I also saw a lot of side event there
and talk a lot of people.
And I think I got a mixed feel from some people
because this year that a little about the political vibe
during this conference.
Some people said, yeah, yeah, that's a good adoption for Bitcoin.
And some people said, oh, it's not good.
I don't want to see that people.
So it's kind of mixed feeling about this conference. So I want to hear more about your, from your side
that because of you from different space
and of you have a lot of experience in this crypto space.
So I want to hear more about this kind of thing
more about feelings about the conference so yeah
why don't we start with patrick patrick you can have a chance to introduce yourself and
give us some feedback about the politicization of bitcoin yeah yeah well hey everybody in the room
uh my name is patrick i'm ceo of Carbon. We're a social engagement gamified
staking platform here on Bitcoin and other chains as well. I've been involved in the
space for quite some time. I've been involved in Bitcoin since 2011. So kind of seen the
space grow in some really cool ways. I think Vegas, if you guys were there, was one of those ways.
So, I mean, it was a really good time. A lot of people, obviously, the market's booming.
Things are looking up. So, you know, going into before the event, I was like, before Bitcoin
Conference Vegas, I was like, OK, you know, if the market's down, obviously there's going to be less people there, less
engaged people at the conference, I would assume.
So it was great to see the market going back up when the conference was happening.
It's still going up and looking pretty healthy.
But yeah, I mean, it was a great time.
The conference was booming. I think, you know, there was like 30,000 attendees. If I'm not mistaken, I got those numbers right.
Bitcoin dog. If you're not familiar, that's the number one token on Bitcoin. It's kind of like
Bitcoin's brother or sister, I guess you could say. So that was pretty cool.
A lot of people came out. Everyone's very optimistic. A lot of really cool stuff happening
in the Bitcoin space, people building, people engaged. So it's great to see.
And yeah, and then now it's like, you know, after Vegas, we're getting ready for Bitcoin
Asia.
So Carbon's partnering with Bitcoin Conference for Bitcoin Asia to launch a gamified engagement
system for that conference.
So that's pretty exciting.
So excited to go to Hong Kong and hang out over there
and basically run Vegas back, I guess.
So yeah, that's a little bit about me,
a little bit about the Vegas trip.
And yeah, super excited to see the market booming
and a lot of builders coming into the space, right?
And a lot of investors and institutional players coming back into the space.
You know, when the market is down, it's like, especially like, you know, when things are
bearish, it's a lot of the non-believers or people who are a little bit less engaged and
they end up leaving the space and they're like,
oh, it's, you know, they get pessimistic on things and things like that. So, you know,
now that the market's back up, I'm starting to see a ton more investors come into this,
back into the Bitcoin space. Everyone's starting to be optimistic. So yeah, great time to be in
Bitcoin, honestly, guys, like really good time to be in Bitcoin. It's obviously very early and we'll see where the market goes.
However, yeah, happy to be in this space and share my optimism.
So thanks, Sheldon.
And thanks, Bitbush.
Thanks, Patrick.
Yeah, I think I'll give a little feedback on the politics also, because that's something that I really got into Bitcoin for.
And shout out, Patrick, for being patient.
I mean, I'm class of 2012.
I was not patient enough.
Before that, I read the white paper in 2009.
So, you know, shout out to the folks who have been sticking out, you know, more than 15 years of Bitcoin.
15 years of Bitcoin. I've got a little bit of gray hairs, but I don't know how much y'all got.
I've got a little bit of gray hairs, but I don't know how much y'all got.
So I think there was a large crowd of people who did not prioritize J.D. Vance's speech.
I am not one to worship a political office of any type. So I specifically did not make time for J.D.
Vance's presentation because I just thought there wasn't anything meaningful that he could tell me,
because I just thought there wasn't anything meaningful that he could tell me,
not because he's vice president,
but because the way that this administration has been ruling through executive orders,
it's kind of irrelevant what they would want to do beyond things like the Genius Act,
beyond things like the Office of Comptroller of Currency.
There's a complex mesh of regulations
that have to be handled in order to make real progress
for Bitcoin in the monetary system.
And although the executive branch can write orders
that affects that, they can't actually enforce them
or, you know, step over other federal branches
without, I'm sorry, over federal organizations, regulators,
without taking a grander action that would make
their own existence more difficult. So I think there's a level of song and dance from this
administration, which is that they want the benefits of cryptocurrency and Bitcoin, as Trump
said at the Nashville conference last year. But they are still hesitating a little bit to sort of
do the due diligence. I think they're
doing some of it, but you'll see that this administration has a strong desire to attract
that market and attract that attention, and that's a good start. You know, it means that they're
willing to bring that voting base in and try to get their voices into the conversation. Does it
mean that they will turn out with regulations that benefit the industry long term?
Maybe, maybe not. That's my take on the J.D. Vance bit. Cynthia, as an artist, as the resident artist in our group, I wonder what your feedback is on the politicization of Bitcoin recently,
especially with the mempool being low and so many transactions being moved into ETFs, layer twos,
and other non-L1 vehicles. I'd love your feedback on the
politicization of Bitcoin in any form today. I mean, unfortunately, I think it's inevitable
once something gets big enough, politics will come in into it, right? And I mean, I've known
about Bitcoin since it was in its earliest mining days when it was worth, you know, 0.000 whatever fractions of a penny.
I unfortunately did not set up a miner at the time and lived to regret it every single day since.
But yeah, eventually anything that becomes big enough, politics will get involved.
enough, politics will get involved. It's just how the world works. Because whether we like it or not,
politics is essentially what creates the fabric of society, right? It dictates a lot of what goes
on in society. And like I said, whether we like it or not, that's just the way it is. That's just
the way things have been set up. And I, you know, I didn't see JD Vance at Vegas either. I mean, you had to go through
all sorts of extra security and line up super early. But like you said, I didn't think there
was anything necessarily that he could say that I had to hear in person. You can definitely get
recaps, especially from someone, you know, of that spectrum where you'll hear what he ended up saying, right? Especially if he said anything interesting or divisive.
So I think it's crazy for sure that, you know,
Bitcoin started where it did,
where it was a few people online talking on a message board.
And now there's this massive conference where the largest political leaders in the world have been showing up now, right? Like Trump last year. And I think that says a lot about
where crypto is going and how much more integrated it will end up being in day-to-day life in the
future. How that will look, I'm not entirely sure. Hopefully it's going to be positive for the most part, but you just never know what will happen.
And so Bitcoin being a finite resource at 21 million coins as well is going to be interesting to see how that plays out.
to see how that plays out because as we know, once more and more people in power realize
how important it can be, they're probably going to want to get their hands on it. So
it's good that we're early and that we are working with the blockchain to see what we can do and
ensure that we try to control it as best we can to help as many people as possible.
So things can go any way, I think.
But obviously, I'm bullish and I will remain bullish.
Followed answers. Definitely appreciate that.
Yeah, appreciate that. I can relate to things.
I think the cultural surrounding the crypto space or Bitcoin space is shifting
rapidly, but the Bitcoin's code has not changed and the network remains bodiless and censorship
resistant and decentralized by design. So I think the cost of Bitcoin is still not changed.
So come back to the conference and come back to the core view of our Bitcoin native topic. uh topic so uh what what is the what uh most exciting you in in bitcoin the space uh in the
next web like in like like bitify or or layer 2 or nft uh we can come back to this this space
and i want to hear the speaker's view about what most exciting you in the future.
We can start with Patrick.
Yeah, let's see what's exciting me the most.
Yeah.
I would say, I mean, I would just say like the evolution of builders, right?
And maybe trading experience and just stretching the possibilities of what's possible with technology and with Bitcoin technology.
from even just the last couple of years has been drastic changes, you know, with, you know, Casey Rodemore's creation of ordinals and making creating micro communities on Bitcoin has been just immensely huge.
I mean, it started the, you know, meme coin possibilities, right?
And these micro community possibilities.
And now there's all these different ways of building into Bitcoin,
different trading platforms, different ways of reading data,
different ways of creating tokens, right?
Like runes and everything like that.
So it's in BRC20.
So it's hard to say what I'm, like something very specific that I'm most excited about. I guess
from a probably, I mean, personally, I'm just excited for a lot of institutional players
to start discovering that there's more to Bitcoin than just a store of value. I think
that's pretty cool. We've essentially made Bitcoin essentially made, you know, Bitcoin from a store value to multidimensional
to have a lot of different facets that didn't exist before.
So I guess just kind of, you know, unveiling, you know, the possibilities of what Bitcoin
will bring is what really excites me and to see how far that has come.
I'm a big believer that anything is possible if you put your mind to it.
So there's a lot of hungry, really talented builders that keep poking holes and keep trying to break down walls.
And eventually there's going to be more and more walls that are broken down.
The more builders come into the space, the more people try.
So I'm just excited for the evolution of Bitcoin, really, and the way that we look at Bitcoin.
Yeah, so I think that would be my answer there.
Thank you, Patrick.
And Sheldon, can you share a little bit more about from your side? Because you are building the Bitcoin layer and the bridge with Ethereum or Solana layer. So you have more side from the builder's view.
we have um a strong commitment to the app chain thesis that is the original um ideology that
really attracted me to omnity when omnity was under a different brand name and that is basically
the idea that while there is going to be general purpose very large blockchains like bitcoin
there sometimes needs to be smaller conglomerations of validators to accomplish specific goals.
So I think ICP does a really good job of serving that need of being a general purpose validator set that can also break up into more specific validators.
For example, the Bitcoin subnet with dedicated Bitcoin operations.
But this is more like an explanation of where we see the industry going, where there is
going to be some specialization that fits that user
experience better that fits those use cases like btc d5 better because on the one hand you've got
institutions picking up more bitcoin you've got countries and bitcoin treasury companies you know
accumulating um at the same time the original purpose for bitcoin was not to take over the
world through corporations it was to do so through smaller entities. So I think we're going to see a pretty tight return to that focus the
more that monetary policy around the world gets strained. I think a really good example for that
economic result is Nigeria. If you look at Nigeria, there is a large amount of people
who are not avid BTC5 users, but they use Bitcoin on a regular basis
to avoid taking losses from their fiat currency. So I think if you see this kind of hybridization
of cool things actually happening on Bitcoin, unfortunate things happening because Bitcoin
isn't there to solve the problem from a social perspective. And the institutions who are trying
to front run the people who will use Bitcoin to help them solve those problems.
There's a pretty good, what I call a 100,000 way Mexican standoff,
where there's a very large number of people pointing those finger guns at each other,
thinking about what the next move is for Bitcoin.
And the answer is yes, yes to all of it.
Yeah, we see a lot of institutions to adopt Bitcoin as a reserve and put Bitcoin on their
balance sheet.
And how do you see they will go beyond the reserve?
They will go to adopt the BTC file or go to do something more about just reserve
there's a really logical next step for anyone who is building a reserve or who is accumulating bitcoin
and that is to use the bitcoin network without spending that bitcoin so there was the silent
notary project back in the day of grouping signatures together to act as a notary for on-chain actions.
There's Frost, Roast, and Noist, which are different sort of like key ceremonies or signature ceremonies where different people who operate Bitcoin nodes will conglomerate together and act
together in a very coordinated, scheduled way. These are the kinds of actions that use the
Bitcoin network without spending sats.
You know, I can spend sats in a transaction right now and post my PGP key so that people know that my Bitcoin wallet is associated with this key that I'm going to give out for encryption purposes.
But that costs me Satoshi's to do.
I can spend zero sat transactions locally to my node and complete actions that are, you know, productive for my business. I can sign operations and I can do other proofs or sort of leverage opcodes with
very, very minimal data. And that means that I can spend as few sats as possible while using
Bitcoin as kind of a golden computer cloud. You know, it's very expensive to operate on. It's
kind of slow, but it's extremely secure. So I think we're going to see a rising interest for that.
And as an example, the Bitcoin developers community in Miami, we're now having
mini conferences every three to four months where we focus on these use cases. And we're getting
insurance companies, we're getting financial technology companies, we're getting auditing companies,
we're getting underwriters from insurance. So there's a whole wide sort of infrastructure of
finance and fintech that is gradually seeing the value in that Bitcoin. And that doesn't mean that
they're necessarily buying very much Bitcoin, but it does mean that they see the value in using
Bitcoin. I think that's the growing use case to watch out for
thank you shannon we see another speakers here
hello do you want to to share any views here?
Okay, we can move on.
Cynthia, do you have any ideas about what's the next wave in the Bitcoin ecosystem? Because I remember thinking back to 2023 or 2024, we saw that huge decrease around the Bitcoin ordals and the ruins. So how do you expect to see resurgence of that
in this current cycle
or as an entirely new narrative
or trends you anticipate popping up?
I wouldn't call myself an expert
on being able to predict what's next.
But I do hope that there is a greater resurgence of essentially art on Bitcoin
and the various formats in which it exists.
I think there might be a shift in the language that we use.
I've been hearing more people use the term digital collectibles
when talking about NFTs or digital assets type of thing.
And I think that there's, of course, a lot of possibility for use cases.
And I'm very happy that there is a way that artists, for example, can put their art onto blockchain and not have to be relying on IPFS or ARWeave or anything else
where it's immutable and it's directly inscribed onto the Bitcoin, right?
I think there are some possibilities to employ more smart contracts, which I think was a huge draw for artists four years ago in 2021
to join the space because of the possibility of things like royalties, as well as being able to
track the life of your art as it goes on the blockchain. In terms of traditional art, let's say I sell a physical painting in a gallery or wherever directly to a collector.
And it's very possible that I'll never know where that painting ends up at any point in the future.
If that person holds on to it, they hold on to it.
But at the same time, they could sell it and then who knows where it could go after that.
They could sell it and then who knows where it could go after that.
And I think that was one of make things I suppose a little more fair
and be able to spread out the wealth back to the people who are actually creating the works as well
because for example as we know the platforms like Magic Eden wouldn't exist without the
creators and the artists who make the collections that are traded there. Um,
so I think,
you know how there's Alkanes now and Opcat,
because those could allow for smart contract functionality on Bitcoin,
that could open up a lot more possibilities for,
for these projects,
like different swap pools and that kind of thing.
I think, uh, you know, I'm definitely, as I mentioned, very bullish on art on Bitcoin.
I think it's something that will only continue to grow.
I think only maybe one Bitcoin has been inscribed on in total, if even a full Bitcoin.
So that's pretty crazy that it's been going for a good couple of years now,
and we've only inscribed enough to fill one Bitcoin. So there's literally almost 21 million Bitcoin left that could potentially be inscribed upon, which leaves, you know, it's quite a quite a large door of possibility.
and I do hope that the space grows with more artists and more people wanting to inscribe
and share whatever it is they feel like sharing with the world.
I think there's a lot of amazing art information and so on that's not accessible to the average person. A lot of times it's behind walls, for example, in the Vatican even.
So I think it'll be interesting to see what people put onto Bitcoin over the years
to make it accessible to pretty much anyone, really, in most cases.
Thank you, Cynthia, for the honest feedback.
And so further, like for like the content creators or artists like you,
so what we can do with Bitcoin and the Bitcoin system,
I think there's a lot of possibilities and we we see more uh we
can we can see more potentials in future so uh so from uh for sheldon uh can you share something
like what as an artist or as a content creator what can we do with your OMT or ICP network,
or ICP system to make them to change
this kind of thing in the current,
in the current of phenomenon,
because like in content creators
and like in YouTube artists,
they use the current centralized platform
that the middle people will earn a lot of fees
from this, from the revenue.
So what can we do from within the Bitcoin
and the Bitcoin ecosystem?
I think there's an aspect of technical development,
but there's also an aspect of social consensus.
You know, two to three years ago,
the idea that ICP would be used as a Bitcoin processor
was much more difficult to accept.
But in Nashville last year, we had the ICP booth, a very big booth in the Bitcoin conference,
and a lot of Bitcoiners stopped by to ask about it, and we got to tell them,
hey, we're another blockchain, but we're running Bitcoin full nodes.
We're very serious about Bitcoin at ICP.
So I think that there's a social consensus to support this kind of idea,
but there's also a infinite protocol
or an infinite development cycle that Bitcoin has
because once you use up all of the op codes,
because there are many op codes that are unused,
once you clean up the spaghetti code
and really perfect and finalize Bitcoin,
which will, by the way,
potentially take more than a hundred years,
there's still more that can be done
even when we get past that coin.
So I think the thing that we want to see the most from Bitcoin is the balance of the social
consensus with the technical development that raises up benefit for average users and for
institutions simultaneously. And if that sounds like a mouthful, it is because it's a lot to
coordinate all in one blockchain, especially when that blockchain is the most secure and largest in the world with 10 minute blocks.
I think that's what we can look forward to is a greater balance of these demands.
Thank you, Sheldon.
Thank you for your insights.
And thank you everyone who tuned in today. Thank you foreldon, thank you for your insight and thank you everyone who tuned in today.
Thank you for joining us. If you enjoy this space, please be sure to follow the speakers, Omity, Sensor, Sheldon and also follow Bitpush.
And I hope to see you again soon and have a great day or night. Thank you, Sheldon. Thank you, Cynthia.
We'll conclude here.
All right, thanks so much for having us on
and big shout out to Mr. E and Cynthia for holding it down
because it's one thing to do with spaces now and then,
but Mr. E and Cynthia do their
Ordinal's late night spaces every single night.
I think tonight I'm gonna be looking forward to episode 271.
So I am really looking forward to that.
I appreciate how you guys show up every single day
and put in that work because Cynthia,
I knew you'd been in for more than 10 years.
I did not realize you had been aware quite so early
as like pre-priced Bitcoin,
but it takes a lot to keep that going
and we'll be happy to support art
and see the growth in the space. So any closing comments, Cynthia?
Yeah, thank you, Cynthia. And I appreciate your being here. Thank you.
Thank you guys so much. It was wonderful to be here with everyone and to meet the new faces.
I appreciate you guys.
I appreciate it. Thank you. Bye.
Thank you, guys.
I would just record our space,
and I would just write the report for everyone
and send the message to you guys.
And we would just post everyone speaking message to you guys. And we would just close with everyone speaking,
the speakers speaking, the ideas,
and what they think about the questions like that.
And just see you on the next page.
Thank you, Steadless.
Thank you, Sinkra.
