Bitcoin does not cease to amaze me even during Bitcoin winter.
Who would have figured transaction fees would be this high during this time and actually flip the reward!
This makes me even more bullish on Bitcoin!
If the transaction fees are more valuable then the reward, what’s the actual price of what is being transacted going to be worth in the future?
#Bitcoin
The price is stable, the fees are not.
Looks like high frequency wash trades.
Definitely currently that is the case.
The transaction fees are high yet the price of bitcoin is stable.
There’s 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!
