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Michael Saylor: Bitcoin on-chain fees remain low after more than a decade, and the "block capacity" concern has proven unfounded

bitcoin news Daily Crypto News On-Chain Data

2026-02-17 01:42:41

BTC-0.67%

PANews February 17 News, Michael Saylor, founder of Bitcoin treasury company Strategy, posted on X that during bank holidays, Bitcoin can still transfer any amount to any location worldwide within minutes, with transaction fees of approximately $0.44 (about 1 sat/vB). During the previous "Blocksize Wars," the market generally worried that Bitcoin would face scalability issues. However, more than a decade later, on-chain transaction fees for Bitcoin remain low, and network bandwidth resources are sufficient. This outcome again demonstrates that market mechanisms and technological innovation are often more effective than administrative emergency interventions in solving systemic challenges.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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