Exactly!

This is also the reason why I doubt that the transaction fees will spike in future.

Think about it. A lightning channel opening is around 200vbyte big.

With a fee of 10sats per vbyte this means you have cost of around 2000 sats. When when we are at 1 sat = 1 dollars doing transactions will become ridiculously expensive

So I personally think that we will never see the high fee market everyone predicts.

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I’m with you.

Although I don’t think the overall demand of block space will rise significantly over that time, there will be much less entities using Layer 1.

So the net will be increase demand and I do think it will be more expensive (in dollar terms) but think it will hover around 20-50 sats/vb