Transaction fees will be roughly 5 bitcoin. Same same.

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Never thought about that. So fees will become more lucrative than the block reward?

We already seen some of that already, but that was because dickbutts

Certainly so. If there is demand to use the block space, users will bid to use it. Limited space plus more demand leads to users bidding higher txn fees to be included.

Either txn fees go up, or hash rate comes down.