Behind the Ordi crisis: Bitcoin Core developers’ criticism triggered market shocks. How will it evolve?

Argentina’s newly-appointed president made eye-catching news when he was sworn in: he plans to abolish the country’s central bank and introduce Bitcoin to reshape the country’s economy. This move is the first of its kind in human history and has attracted widespread attention.

The president's background stretches back to Argentina's years of economic troubles. The country has been oppressed by the hegemony of the US dollar for a long time, resulting in poor economic development and causing public dissatisfaction. The president's assumption of office is seen as an opportunity to lead the country out of trouble, and his support for Bitcoin is even more exciting.

This news is certainly exciting news for the entire cryptocurrency world. If this experiment succeeds, many second and third world countries are expected to follow suit. The reason behind this may be that these countries have suffered from poverty for a long time, and the introduction of Bitcoin may inject new vitality into their economies.

The decision is not without risks, however, and there are widespread concerns about whether the president can successfully implement this plan and whether Bitcoin can successfully operate on a national level.

On the other hand, there are also some twists and turns in the Bitcoin field. Recently, Ordinals, the leader in the Bitcoin inscription track, was included in the US National Vulnerability Database and was identified as a cybersecurity risk. This decision caused an uproar in the industry and affected the price of Ordinals to a certain extent.

Bitcoin Core developer Luke also posted a series of attacks on Bitcoin Inscription, which attracted widespread attention. These events have made the Bitcoin space quite volatile in the near future.

In general, Bitcoin is expected to usher in new development opportunities under Argentina’s new policies, and the fluctuations in the Bitcoin Inscription track have also brought new tests to investors. Following the development of this series of events will help us better understand the trends in the cryptocurrency market. We would like to remind you that you need to be cautious when investing. The above opinions are only personal opinions and do not constitute any investment advice. Please continue to follow our channel for more analysis and latest updates on blockchain projects.

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