Selling pressure due to varying ETF fees is laughable. #Bitcoin is free to hold. ANY fee is simply outrageous. There are reasons to buy the ETF, but there are also reasons not to. I suspect if you are seeing this you would be better off self custodying your #BTC.
Too many people are jumping to conclusions after a few days; revealing their high time preference. I’m curious to see the result of this newfound avenue of demand over the cycles to come.
Supply will dwindle, demand from institutions will likely stay the same or grow, but even if their demand subsides, we made it from $0-$65k with minimal institutional investment. We could do another ♾️% gain without institutions, it would just take longer.
The mempool is so full that it made a new ATH 2x larger than the previous ATH. Luckily getting into the next block doesn’t rely on a line, rather a bid. High fees stink, but they are a feature not a bug. Block space is scarce!
I don’t see the point in storing arbitrary data on #Bitcoin’s blockchain, it will only lead to higher fees and increased scalability issues.
You are going to have to download every ordinal to run a full node. Call it blockchain bloat. Blockchain bloat will increase the barriers to entry/centralization when it comes to running a node/validating transactions.
Ordinals won’t save miner’s, miners aren’t meant to be saved. It’s supposed to be a free market. Survival of the fittest, the more profitable #Bitcoin mining becomes; the more centralized hashrate becomes.
Make #Bitcoin Financial Again.
