$1.000 Bitcoin Transaction Fees, by 2025
Ari Paul Crypto Entrepreneur and managing partner at BlockTower Capital, started by saying on Twitter:
I'm looking forward to paying $100 for an on-chain Bitcoin transaction in 2025. That will mean it's wildly successful as a settlement layer.
This transaction fee would still be cheaper than the current international settlement infrastructure, given its expense and cumbersomeness, the cost of traditional systems is much higher than $100, and is mainly driven by massive bureaucracy. The crypto leading expert, Tuur Demeester answered this in a Tweet by saying:
I look forward to $1,000. An average LBMA physical gold transaction is worth $7 million, it's conceivable for on-chain TX moving that way.
What do you think of those fees, and will this make you think about switching to another Cryptocurrency? Please answer in the comments down below.
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Love,
I also beleive that the transaction fee bitcoin networks have set is cheaper than the fee centralized currency have
so don't use BitCoin for any type of transaction.
Just buy and sell it as a store of value.
Use other currency for transactions.
That would be the perfect solution, but BTC was designed as a currency not a store of value like gold or silver!
gold and silver was designed to be a store of value?
I didn't know that.
I typically like your comments but this one really made me laugh. :)
What I meant was, Gold and Silver were not designed as a store of value but people used them for years that way in many cultures, and were using other means to pay for things (notes), sadly convenience always wins.
maybe can works better like a store of value.
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