For large investors, it is a question of the legal framework. If there is no legal framework, executive board members will not allow their CEOs to transfer capital of 1, 2 or 3 % into cold wallets. That will not be possible. As far as the mempool is concerned, only time will tell, but we should all be prepared for drastic fee increases. The reason lies more with the halvings, the miners will have to ask for even higher fees after each future halving to stay competitive. The Bitcoin price per unit should normally also increase dramatically, which in turn will partially offset the high fees.

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I'm aware. This was my third halving, actually. And, as I said, it is difficult to say with certainty. Companies will undoubtedly have to revamp their business models on a very broad scale. As well as capital transfer goes, they'll have to decide who will be granted permission to the keys. They can collectively hold the keys, but that level of trust is basically nonexistent. 🤷‍♂️ We'll see.