I consolidated up all my 100k UTXOs to 1 million minimum. Although considering how valuable sats will be, I'm not quite sure I follow the logic behind the crowd that foresees a high fee future.
I see the contrary.
Discussion
I’m not sure either, but I think it’s wise to keep utxo addresses above 1 mill as a practice to avoid dust addresses. It’s just good management
Tell me more about dust addresses, I just wonder whether we underestimate how much 100k sats would be valued at as well.
It’s not that 100k sats won’t be valuable, it’s the idea that fees may be alot higher so you’ll incur those on moving your 100K sats. It’s all a balance really. If you feel 100K is fine then make that your minimum. Personally I manage my addresses differently.
You just don’t want tiny amounts stuck due to rising fees if that happens. Also managing addresses is just a good way to know what you’ve got where
For Bitcoin to get that high, the assumption is that adoption will be far higher than it is now, and with that, more demand for block-space.
However, most folks who buy Bitcoin already aren't transacting much on chain. They usually keep their coins with custodians. I think that trend will, unfortunately, continue and grow. Fees will be higher in dollar terms, but fee rates in sats/vbyte will always have high and low demand periods where we will still see single digit fee rates at times.