According to Odaily, Fred Thiel, the CEO of Marathon Digital Holdings, a mining company listed on the US stock market, has shared his insights on several key aspects of the Bitcoin landscape. He focused on transaction fees, hash rate elasticity, and global expansion plans.
Thiel emphasized the conditions of Bitcoin transaction fees, pointing out that prioritizing large, valid payloads would increase costs. He noted that the volume of transactions in the memory pool is a major driving factor, and various value-added services are built on top of basic transaction fees.
Thiel predicted that over time, transaction fees will surpass block subsidies, especially as block subsidies continue to decrease. This insight provides a unique perspective on the future of Bitcoin transactions and the potential impact of transaction fees on the overall Bitcoin economy.