Definitely currently that is the case.
The transaction fees are high yet the price of bitcoin is stable.
Thereβs significant discordance there.
It speaks volumes to how undermarket bitcoin is.
The strength and security of the network will reflect this infusion of value.
The hashrate at some point will increase with such payouts if such payouts are sustained and not temporary.
The price at some point will follow!
All that being said, Bitcoin will do Bitcoin!