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In the blockchain field, a BRC20 inscription called "long" is attracting attention in its unique way. The issuance of this inscription is fixed at 21 million pieces, echoing the scarcity of Bitcoin, showcasing the importance of scarce resources in the crypto assets world.
The name "Long" cleverly merges Eastern and Western cultures. In English, it directly refers to the financial term "long-term holding" or "bullish," while in Chinese, it has the same pronunciation as "dragon," introducing a deeply rooted auspicious symbol from Eastern culture.
The dragon represents strength, success, and prosperity in Eastern culture. The Azure Dragon on ancient Han Dynasty bronze mirrors is regarded as the leader of the "Five Spirits," symbolizing good fortune and virtue. The description of the dragon in "Shuowen Jiezi"—"able to be subtle and bright, able to be small and large, able to be short and long"—further reflects its endless transformative nature, which coincides with the volatility of the Crypto Assets market.
At the same time, the long-standing slogan in the Bitcoin community "Long Bitcoin, Short the World" has drawn attention again. This phrase, which originated during the period when Bitcoin first broke through 1000 USD in 2013, expresses the early Bitcoin supporters' challenge to the traditional financial system and their confidence in emerging Crypto Assets.
However, the reality is often more complex than this binary opposition. Over time, the relationship between Bitcoin and traditional financial markets has been continuously evolving. Recently, the price trend of Bitcoin has shown a certain correlation with the NASDAQ 100 Index (NDX100) on the weekly chart, indicating that the boundaries between the crypto assets market and traditional financial markets are gradually becoming blurred.
This phenomenon reflects that Crypto Assets are gradually integrating into a broader financial ecosystem. With the entry of institutional investors and the improvement of the regulatory environment, Crypto Assets like Bitcoin are transitioning from a marginalized symbol of rebellion to a more mainstream investment choice.
Overall, the emergence of the "long" inscription not only reflects the cryptocurrency world's absorption of Eastern cultural elements but also showcases the maturation process that the industry is undergoing. It retains the idealistic spirit of the early Bitcoin community while demonstrating the trend of gradual integration with traditional financial systems. In this process, the cryptocurrency world is redefining its position and seeking a balance within the global financial system.